Outlook for Interest Rates after COVID

[Chris Campeau]

Hi, I own several small multi family properties (3-7) unit buildings and while for the near term I am preparing for the pending chaos that will erupt when rent is due on 4/1 I am trying to remain positive and focus my attention rather onto what opportunities I should be looking for over the coming months/years.  While I do like the benefits of small multi-family, one thing I am struggling with is whether or not to focus on taking advantage of the 3-4 unit buildings that qualify for the currently low FNMA financing or to venture into larger buildings.  I do like the larger buildings (5+ Units) but local lenders are typically offering 5 year adjustable rate products.  Sure they offer many flavors with differing amortization and terms, but it is the adjustable part I struggle with.  I don't want to take what looks like a great purchase now only to have financing blow up on me in 5 years.  I understand no one has a crystal ball but of course hearing several thoughts always helps.  Thanks for any input you can offer and stay positive, the one thing you can control is your attitude...even that is hard sometimes!