Heloc rates are terrible right now even if you have a low first mortgage the blended rate is usually higher than a simple refinance. 

We got lucky and bought a SFH in North Park right before things went wild, so we've got a great interest rate and a steal of a mortgage, considering what folks are dealing with right now.

This, along with depreciating tax rate on real estate, makes houses themselves a depreciating asset, (the land it sits on appreciates, but that's another story).

As mentioned above, there's also the discount that reputable GC's get with subs because of volume.  

Additionally, inquire specifically about Non-QM loan options and whether they have experience assisting self-employed individuals in situations similar to yours.Remember to carefully review the terms, interest rates, and fees associated with any loan offer to ensure it aligns with your financial goals and investment strategy.

I know the water and sewer rates in Fulton county are horrible.

Thanks for your insight.BenThere is no.market for this in Canada as far as I'm aware of, particularly since the default rate is so low (<0.5%).

I made sure that there was a clause for move-out cleaning being paid at an hourly rate on top of costs for cleaning products. 

However, it's important to carefully consider the terms and interest rates of the loan to ensure it aligns with your financial goals.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???