Quote from @JD Martin: I can't speak to rates - I think eventually they come down out of sheer necessity - but as far as the economy we must be living in an insulated bubble up here in Northeast Tennessee; no one has bothered telling us the economy is bad.

I am really inspired by people who a take something that 95% of other investors would pass on and make it work exclusively for them through sheer will and creativity even with bad market conditions. 

As a beginner you are green enough that you need to temper your enthusiasm to make sure you don’t bite at bad deals.  

If you do not have liquidity keeping money liquid in stocks has value, whereas if you do not need the liquidity then yes recasting the mortgage may not be a bad idea. 

Good/bad ?

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

@Matt Wan In my opinion, there is never a bad time to buy the right investment property.

The choice between the two would be up to your investing goals and what you are wanting to do with the property.  

The good news is you will be able to get debt on properties easier than someone who is making $50k per year assuming you don't have a bunch of bad debt.

Hello,I am seeking assistance in finding a real estate lawyer who specializes in helping clients get out of contracts with property management companies. The final straw was when my property went into abatement after ...