All Forum Posts by: Ricardo Cristobal

I think you and he is experiencing a cool off or slow down and not necessarily a crash. It would be unreasonable to think things could grow at the point they were growing from 2010 until now.

Glad to have at least catch your attention. Anyway you are right, I'm starting to notice houses are up for sale much longer than it has been compared to the last 2 years.

0 Votes

Originally posted by @Josh Lyons:

@Ricardo Cristobal A long time realtor in Charlotte told me last week that there are signs that the market could be turning downward. She said it’s already happening in the range above 500k.

That's interesting to hear, what is the time frame that she expects it to have a downturn?

1 Vote

I want to hear everyone's opinions in regards to this YouTube commentator's claim of a RE market slow down. I provided the link below to watch the video.

https://www.youtube.com/watch?v=UcTW-T8FHtQ

1 Vote

In my area you would be able to get a good solid B class home that would rent out for around $1200

0 Votes

Looking for some reputable insurance providers for my properties in Montgomery AL, please send any referrals and your experience with them. Thank you for your time.

0 Votes

Originally posted by @Patrice Penda:

Ricardo Cristobal
Luckily, the rising rates don’t discriminate. They will affect everyone. We’ll all have to adjust to the new rates. So you can either lower your return expectations or lower your bids when making offers.

Very true, I guess time will tell if these rising interest rates affect sales prices.

0 Votes

Originally posted by @David Fernandez:

@Ricardo Cristobal, if the deal works for you at today’s rate, go ahead.

There’s no much you can do to increase/decrease the rates, so focus on what you can control which is on finding deals that meet your investing criteria. If the rate goes up, you’ve locked in a loan at a low interest rate (great!). If the rates go down, you can always refi and get a new loan at a lower interest rate.

Good luck!

Thanks David, Very true what you said. All in all I guess it's how you buy that makes you the money. It does make it difficult to find deals though. Again thank you for the advice!

0 Votes

Originally posted by @Ron Fletcher:

I bought my first home 30 years ago and paid 9.5% so yes, today’s rates are still great. Remember that cash flow is what counts. To use an extreme example, if the rates jumped to 20% like they did in early 80’s but the numbers still worked, would you buy? Of course. And you can always refinance if and when rates fall again. Don’t try to time the market just look for deals that work.

Thanks Ron for the advice. Looking for the long term I know it is wise to not time the market but for the short term cashflow I see the rising interest rates reducing it.

0 Votes

Originally posted by @Patrice Penda:

Hey @Ricardo Cristobal

Like you heard, rates are low and chances are high that they will rise in the near future.
Where the rates are at any point in time doesn't matter so long as the numbers make sense in any deal you get into.
Like most buyers, if you purchase residential real estate, you should qualify for long-term fixed rate interest. So for the duration of your loan, you should be able to anticipate your mortgage payments and to make projections in line with our objectives.

@patrice Penda, thanks for the reply. I understand that If I buy residential I can lock in a fixed rate but the rising interest rate does eat into cashflow.

2 Votes

Good day everyone,

So I'm primed to buy my next deal, I already have a pre-qualification letter in hand. The thing that concerns me is the rising interest rates. I've heard both sides and that some people say that we are still historically low when it comes to interest rates. I Understand that but the home prices continue to go up along with the rising interest rates. Can anyone elaborate to see if it prudent to just stay put and save or buy my next deal. All input would be appreciated!!!

0 Votes

All Forum Posts by: Ricardo Cristobal

Ricardo Cristobal has started 8 posts and replied 63 times.

Post: YouTube Commentator Claims RE market slowdown, Your thoughts?

Post: YouTube Commentator Claims RE market slowdown, Your thoughts?

Post: YouTube Commentator Claims RE market slowdown, Your thoughts?

Post: How much home can you buy in your city for $200,000?

Post: Looking for insurance coverage for properties in Montgomery AL

Post: Rising Interest rate, Should I still buy or keep saving?

Post: Rising Interest rate, Should I still buy or keep saving?

Post: Rising Interest rate, Should I still buy or keep saving?

Post: Rising Interest rate, Should I still buy or keep saving?

Post: Rising Interest rate, Should I still buy or keep saving?