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Updated over 2 years ago on . Most recent reply

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Jessie Kristie
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Anyone still buying with increasing interest rates?

Jessie Kristie
Posted

Hello,

Just wondering if any investors are still buying in Huntsville/Madison area with increasing rates in current market. In CA, I’ve been seeing price reductions with some remaining on market for longer than 90 days. What do y’all think about the Huntsville market?

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Jeremy H.#3 Managing Your Property Contributor
  • Rental Property Investor
  • Lafayette, LA
1,006
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Jeremy H.#3 Managing Your Property Contributor
  • Rental Property Investor
  • Lafayette, LA
Replied

Absolutely - first time in a while I can ask for some seller concessions because they don't have 50 over ask offers in less than 24 hours 

I'd prefer to buy at a lower price and higher rate - I can always refi that rate. Nothing you can do about a high purchase price - and if you ever do refi - guess what? That rate is more than likely going up

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