All Forum Posts by: Brandon Drzewicki

So I’m likely about to purchase a rental property and I have a 220k pre approval but I realized also today I could likely use the heloc I have open at a .75 lower rate interest rate interest only granted floating and similar down payment if I buy at the right price. If interest rates go down in the next year or 2 I was thinking why lock into to a nice stable but also expensive Fannie Mae mortgage if I am going to refi when rates likely go down to 5%. I am rolling the dice a little on the floating rate but it seems like we are at the peak of rates. I don’t know what would you do? Heloc or Fannie Mae…?

Is this the starter or individual plan from invelo being offered with bigger pockets pro?

If my numbers make sense (Ie estimates at $1000/mo cashflow after expenses) is it wise to buy a duplex right now with rates at 6-8%??? Should I wait until spring?