Being successful with high interest rates

[Ivan Roberts]

Hi guys,

So, the wife and I were talking, and I brought up an interesting point. How did fellow investors, or our forefathers if you will, become successful in Real Estate when interests rate were high? I.E. 10%-12% interest rates? Wouldn't the idea of getting a low interest rate be ideal in getting into the RE business?

I say this because the wife and I are saving 80k by next year to buy several fourplexes and I can already see the interest rates rising. I am just preplanning now, to set myself up for when I have my 80k to blow lol.

Thanks!

[Pat L.]

My first sfh rental here was 18% cost $58, 000. (1981)

2nd a yr later was 19% ownerhold $62, 000.

3rd was 14% OHoldd for $90k

4th $100k ohold @ 13% worth $265,000 & we still have it.

Etc etc

All total rehabs. ...all paid off asap.

1st sold for $148, 000 7 yrs later. 2nd we still have & its appraised @ $400k.

3rd I still own 50% of & its appraised @$475k.

As others I partnered on appreciated we sold them to pay those I owned off.

It was a rough ride, lots of risk !!

You kids have it so easy....