Ask for a breakdown of fees and an explanation why the interest rate increased.

We pay all the utilities and our PG&E heating costs have substantially increased but we did not pass that on to the renters.

I have hinted around to the owner that I wanted to buy it for over a year and he has had no interest to sale.

I expect the 2 family to bring in 6k this year since the escrow amount lowered 225 for me and I am increasing rents. 

Market rent from what I can see in the area is about $3,000 per month for that size place, they are currently paying $2,000 per month as my PM was advising me she doesn't increase that much.

The end game would likely be to improve it and rent it out for a few years, possibly mid-term it to increase cash flow, and then sell before the 5 year balloon.

I wouldn’t be so focused on interest rates and more so focused on where you can find a good deal that cash flows and increases your ROI.

Purchase price: $269,000 Sale price: $620,000 This house has been professionally remodeled with some impressive updates.

Purchase price: $12,000 Cash invested: $42,000 Sale price: $91,000 House has tons of features such as a rear master bedroom with master bathroom and a walk in closet.

Purchase price: $65,000 Cash invested: $45,000 Sale price: $155,000 Contemporary Elegance with a Two-Car Garage in the Heart of the Portland Neighborhood!