While I have 25 “doors”, my cash flow is such that I actually need about 45 “doors” at my current rate to be where I want to be financially and then to continue on from there.

I figure that here, you actually kind of ARE selling something, but letting them know of a property for sale isn't exactly like selling a phone plan.At any rate, contacting potential buyers is a key part of this business, so it has to be done one way or another.

Hey everyone, Interest rates are killing some first time home buyers or for people who want to purchase an investment property.

I'm noticing that with interest rates being at 7% the margin for profit is slim on most if not all properties.

Btw, don't pay for a day rate.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

Pros better rates than DSCR and no prepayment penalties.2.

. ($244K ish) This is obviously far better than any bank can give me with interests rates around 7.5% here non owner occupied.

Yet with rates higher and banks paying 5% ON CD'S why take the risk with such a low cap?

I would assume if you were planning to do an interest rate reduction refinance you would do all of them at the same time.