I just got a pre approval today for a 125K DSCR loan 30yr fix no ballon. rate is 9.25 excellent credit 25% down with some room to buy down the rate. hope this helps.

But, keep in mind Redfin assumes the amount you put down, the interest rate you get and a couple of other charges.

The Milwaukee Mill Rate for 2023 was $26.07 per $1,000 of assessed value (2.6%).

However, with the rise in interest rates, I am fairly certain that a threshold ratio of 1 will not be met. 

We do our daily rate and then give about 20 to 30% discount for renting a month at a time.

I would just renew at the same rate if you have concerns.

Hi Rob,If you believe the HELOC will be sufficient for the purchase & rehab, it could make sense to use the HELOC given the interest rate is lower than a hard money. 

If possible I would want the amortization over 25-30 years.I know cash out refi is quite expensive with the origination fee and everything, early pay off could cost too or drive the rate up.

One thing to also consider is if the kids take it over will they jack up the rent to market rate?

While I have some basic knowledge, any advice or tips for the purchase process would be greatly appreciated.Asking price: $460,000Mortgage Type: FHA / Fixed Rate / 30 Years / 3.5%Unit 1: Primary ($1700)Unit 2: Tenant ($2000)