It's beneficial for those who need a specific amount upfront and prefer the stability of fixed payments.HELOC (Home Equity Line of Credit): Offers a credit line you can draw from as needed, with a variable interest rate.

Variable rate mortgages on second properties are the first to go in high-interest rate environments.  

People on a variable interest rate loan may be suffering in the current economic climate and may have regretted going down that route.

I realize there are lots of variables involved but can these two even be compared at any level or in any way? 

Hi Guys, Need some help.I own a condo and a triplex (both put down 20 percent in December 2021)They are both on variable interest (which was a terrible move looking back now as both monthly payments have gone up by at least $1000.I work in real estate as a project manager for renovations on apartment units.How do i make real estate investing (on my own) or another career path in real estate an option as i want to work for myself.I am from canada and would love to learn more on analyzing properties, tax strategies etc.thanks

I got in when interest rates were great but i took variable and unfortunately the rates have gone up and my monthly payments have gone up almost 1400$ from 2 years ago. the plan was to refinance which is why i took variable but i never did as i was not sure what to do. right now the 3 units bring in a total of $3900 but the mortgage payments, insurance and taxes alone add up to about 4.1k.one of the units is a 1 bedroom where the man who has been living there for 28 years is only paying 580$.my main question is what do i do?

I wish I had the magic bullet answer on these kinds of questions.There are so many variables to get a positive return.

There are so many options and variables out there that I would definitely recommend you reach out to a lender for advice and guidance.

All of these restrictions and modifications of acquisition standards were attempts at controlling the variability of ownership of an extremely variable product: scatter site SFR.

Don't underestimate any of these variables in order to grow on AIRBNB- Research the market- Present the property attractively- Establish Clear Policies and Effective Communication- Keep the property clean- Know the local laws and regulations related to short term rentals.Remember that success on Airbnb is often based on attention to detail and providing guests with a positive and memorable experience.Did you find this information helpful?