All Forum Posts by: Kelvin Boyd

Hey Kelvin, 

Good idea to get into house hacking. This is a great way to be able to put down a smaller down payment for an investment property. 

The question of buying now VS later when rates come down is a good one. I believe a lot of other people are asking themselves the same question right now and are sitting on the sidelines. The problem is that when rates do come down, all of these people are going to be ready to buy as well and this may drive the price of real estate up. So it really comes down to buying now at a lower price, or waiting for rates to drop to buy at a higher price. 

My opinion would be to buy now and refinance out later if the rates drop to a level that make sense to do so. You can change your interest rate through refinancing, but you can't change how much you pay for the house after you purchase it. 

I'm a real estate agent, investor and developer in central Houston (i build duplexes). Feel free to reach out with future questions. 

- Chris Kersey 

Hi Kelvin, not sure about TX but here in NJ prices are already too high and interest rates are pretty high. As interest rates drop, house prices will go higher. As an agent, my suggestion is to do what is right for you and what you can afford comfortably. House hacking is a great way to get your foot into homeownership AND investments. two birds, one stone! Hope this helped!