Hi Sam,It's hard to say without looking at the specifics (DTI, loan amount, investment/primary, etc), but it sounds like it could be lower given your good credit.

The answer is usually due to no savings, poor credit score, lower income, etc.

Hello all,I’ve recently started a new junk removal and handyman business in Northern Virginia.

All FHA / VA loans are assumable but the seller may not want to participate due to it be a longer process and may not be ideal if there is a huge gap in price since you can only assume how much they owe at the lower rate .

Rents do go up over time (as do costs, but hopefully at a lower rate). 

Hey @Ryan Jacques     If your intention is to refinance after year 3 when your prepayment penalty is up, then I would go with the lower rate.

The start indicates "Affirmative Habitability Requirement per 24 CFR 5.703(d) and NSPIRE Final Rule"Does that mean having a fridge and stove are requirements to qualify for Section 8?

Have a hospitality background after starting and owning my own restaurant and this combines my desire for real estate wealth with my background.

Certainly this is not the case for everyone but a cautionary tale nonetheless-especially being out of State.My CPA is referring this investor to me because he knows I like the Lansing, MI area where prices are similar but taxes are lower, labor cost lower, and lots of economic development because it is the State capital.To your success!

I did Seller Financing for a business I purchased.We did their price and did a 2% Down Payment with Terms that we called "Step Up" we started with a low monthly payment but every 12 months we increase the monthly payment too.