Should we invest real estate with raising interest rate?

[Tony Zhang]

Hello BP, 

I have a property in the Jacksonville, FL under contract that is in the inspection & appraisal contingency period now. Its purchase price is $110k, and inspection report estimated that repair cost require of around $10k and its appraisal market value is about $170k. I've got interest quote from my lender with 6.2% APR (not locked yet); since I'm still in the contingency period, I'm thinking should I continue to investing this property with this raising interest rate? and will it be worth to invest this property with the high equity already in place?

Any advise on this topic "Should we continue to invest in real estate with raising interest rate?" is appreciated.

[Mike Dymski]

Absolutely, you have $50k of built in gain!  Worst case scenario - just flip it.  And shop around for loan terms.