Good problem to have

[Raul Torres]

My wife started a new job and one of the benefits is a 30 year fixed loan at 1% with 20 percent down up to 1.5 million.  I had her ask if we can purchase a multi-family and we can up to a fourplex and still qualify for the loan. I have about 60 k in capital which would put me at 300 k duplex. Now they’re some fourplex in the area, but are not to common in San Antonio. My question is should I jump into the duplex and bypass saving for the fourplex ? My concern is the bank may decided to do away with the program since rates are on the rise. We own 2 rentals already and think the move is to go ahead and purchase a duplex and not wait.