Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

1,888
Posts
1,046
Votes
Jack B.
  • Rental Property Investor
  • Seattle, WA
1,046
Votes |
1,888
Posts

Rates too high to buy more houses

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I bought four more houses last year. I was going to buy 2 more this year but 6% rates for an investment property make that cash flow negative and not worth it.

That said, what to do with cash on hand? 1.2 mil liquid. Paying off houses that are 3.65% rates makes no sense. 

I usually lose money in the stock market so far. Cash is losing money to inflation. So what to do with the money? Buy paid off houses out of state for 4K a month cash flow after all expenses?

Most Popular Reply

User Stats

17,454
Posts
30,143
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,143
Votes |
17,454
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Just increase your down payments to offset higher payments. I remember the 1st time we had 6% rates and thinking it was impossible for rates to ever go lower. Welcome back to whats almost a normal interest rate environment. I say almost since normal will be 7%ish. 

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...