Thanks! I had no idea I would get any tax breaks for being a pastor. I'd love to learn more about that.
As for waiting, we aren't waiting on interest rates, because as you said, we can always refinance. We are waiting on prices to drop. In this part of the country (can't speak for anywhere else) prices have skyrocketed for years. I feel like it's a bubble and will pop soon...especially given the interest rates and inflation now. I've already seen prices flatline in the last few months and many houses are starting to drop their prices (no one is buying because of interest rates, I guess). Inflation and cost of living is up so high right now that I suspect many people will not be able to continue to afford these overpriced homes they bought at 8% interest. I have a pretty strong feeling that we are going to see a lot of those homes flood the market...I just don't know when, so we are continuing to save each month and wait for the right moment. Granted, I am fairly new to real estate, so my feelings here might be way off.
I'm excited to learn about this type of business and I have so many questions, but I'm just getting started with reading Brandon Turner's book "Rental Property Investing" and reading through this forum to glean what I can.
