All Forum Posts by: Ty Keller

Rates have come down significantly over the past 4 months from the 20 year highs, so technically we're hovering around a 4 month low.  I'm seeing rates in the high fives to 6% range right now.  We've seen a considerable increase in mortgage applications over the past few weeks, albeit much lower than this time last year.  If the economy continues to slow moderately and the inflation numbers continue their trajectory, I would expect continued upward pressure on bonds despite the Fed's decision to continue raising rates.  This will be a big week for economic news.  FOMC rate decision is tomorrow at 2:00 eastern.

Investment Info:

Single-family residence other investment.

Purchase price: $450,000
Cash invested: $45,000
Sale price: $631,000

Primary, full renovation and basement finish.

How did you finance this deal?

Portfolio Financing through local bank.

How did you add value to the deal?

Sweat equity and full renovation on my own.

What was the outcome?

Sold property with over $140k in net profit. Lived in property longer than 2 years.