Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Below are two charts that show the amount of unsold "improved" properties.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Hello everyone,My name is Nikhil, and I am a new real estate investor currently focusing on the West Michigan market.

Thanks, did you pay for his land course or is there link that will guide me in best direction?  

Rates ticked down the most in a week for 2024, last week so sounds a hair high..we just priced a DSCR purchase for 5+ units just below that..Check in with @Joseph Chiofalo for a quick quote.

We are currently waiting for new test results!

For the past many months, I don't know anyone with more than, say, $5,000 in idle cash who isn't using Treasury Direct to get 5%+ on idle money; pick your term - short (4 weeks) or longer (52 weeks). 

We found the Wildwood Drive deal through our partner, Karen Schneyer, who identified the opportunity and brought it directly to us.

Currently, we have one LLC that is engaged in several real estate aspects: BRRRRs, Flips, rentals, my agent commissions go through it, and contracts for general contracting.