Your experience will probably be the single greatest factor for a higher or lower interest rate)Property Type (1-4 Unit properties are the most bread and butter for most HMLs, but I'd imagine some here would argue that point)FICO (Yes, even asset based, hard money lenders still take your credit into account and it can adjust your interest rate with most. 700+ is ideal, but of course there are HML's who will go down to 600, and those who don't even consider credit at allPrimary, Secondary, or Tertiary Market?

Hello,I am in the process of purchasing a 1890 built triplex in Fitchburg, MA.

Do the math on that.   

You are basically looking at secondary areas like loch raven morgan state etc...

The math is probably similar with RE having potentially a higher return.

Torch me if you want - I can take it 🙃So first, let me make sure I have my MAO math right:1.

You have a good understanding of the Strategy........Appreciation primary, cash flow secondary!

Should it be bought as investment property or as a secondary home?

@Arn Cenedella that’s along what I’ve been thinking, to do reverse math and see what would make sense for 3/4 rented units accounting for expenses and vacancy.

As someone new to RE investing I like the idea of new construction but I also like the idea of a brrrr on a larger lot that I could put a secondary dwelling on to increase  cash flow.An example would be a property built in the 60s 3/2  in Saint Pete Beach on a large lot.