Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.

Should multi-family investors be scared of interest rates?

@John Skaggsjust curious, with rates so high, at what price points / ARVs are you seeing meaningful cash flow after a refi?

On the other hand, I am locked in at a 3% interest rate on a home that will likely continue to appreciate well.

Today’s Interest Rate: 7.09%(☝️ .17% from this time last week, 30-yr mortgage)Well, crap.

Divided Opinions: Academic economists polled by the Financial Times believe the Fed will likely maintain high interest rates for longer than anticipated, potentially hindering rate cuts this year.

If you do not have experience you will get industry rates. 

So my current terms are killing me with the rates.

We are closing closer to 60 a month and had reduced our footprint when interest rates were at their highest. 

No appreciation last two years due to rates.