6 March 2024 | 8 replies
She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2959369/small_1709662058-avatar-jenniferg357.jpg?twic=v1/output=image&v=2)
6 March 2024 | 2 replies
Back to finance question, would it be a better decision to take the funds from the sale of the 2 acre lot and pay off the current mortgage (~$150k) and live in the current home for a year or so (in hopes that interest rates will go down) then refinance that take out $400k from equity (~$750k) to build new house?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2949618/small_1708133485-avatar-mahbodn.jpg?twic=v1/output=image&v=2)
6 March 2024 | 6 replies
Builders are buying down the interest rates to 5% making payments work for cash flow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2958743/small_1709007369-avatar-wyatth33.jpg?twic=v1/output=image&v=2)
6 March 2024 | 10 replies
Unless you come across an opportunity that has much better cashflow, I don't see a reason to get rid of a property that has decent cashflow with a low interest rate in the current environment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2622962/small_1694567199-avatar-frederickw35.jpg?twic=v1/output=image&v=2)
6 March 2024 | 3 replies
Higher interest rates continue to make it more difficult, especially for an investor that is looking to house hack, cash flow, or DSCR loans on the commercial side are a nightmare.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2965382/small_1709658861-avatar-christiane98.jpg?twic=v1/output=image&v=2)
6 March 2024 | 2 replies
However, if we went that route, we’d be giving up the 2.5% rate on the home as it is.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2707288/small_1695076699-avatar-donac5.jpg?twic=v1/output=image&v=2)
6 March 2024 | 1 reply
Would it be better to do a sub-to and take over their existing mortgage and rate OR get a PML?
7 March 2024 | 19 replies
Two weeks back I sent them a communication about our intent to renew the annual lease at a higher rent that matches the current market rate starting 60 days after the note.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2961147/small_1709312116-avatar-cleitonl.jpg?twic=v1/output=image&v=2)
6 March 2024 | 6 replies
You may find one out performs the other by a lot especially with interest rates (and HML rates can kill what might look like a good deal otherwise).I would be happy to take a look at the specific property you are interested in . . . send me a message with the address rather than posting it here.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2755559/small_1700681802-avatar-erich816.jpg?twic=v1/output=image&v=2)
6 March 2024 | 13 replies
Sometimes in states like OH or PA, a lender might require you to buy it out, which increases your rate.