
1 April 2024 | 36 replies
Rising interest rates have hurt everyone’s buying power (except cash buyers obviously), and inventory is locked up because nobody wants to move and give up their historically-low interest rate.

1 April 2024 | 1 reply
The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

1 April 2024 | 3 replies
My preference would be to obtain conventional financing (although this may not be possible) to get the best rate.

1 April 2024 | 10 replies
I would even obtain a COFI arm permanent loan where the payments were based on an interest rate lower than what the market rates were.

1 April 2024 | 6 replies
This means the rates are better, but again the process can be a headache.Each loans has it's pros/cons, so it's best to know what your goals are to know which route you should take.

2 April 2024 | 15 replies
I suspect if interest rates come down as expected this summer that could drive prices back up here.

1 April 2024 | 2 replies
However, paying off your mortgage that you acquired with low interest makes no sense to most in a 7%+ interest rate environment.

1 April 2024 | 4 replies
I own and operate one currently and I'm still able to cashflow with my crazy 7.8% interest rate.

1 April 2024 | 1 reply
30 year fixed rate MortgageHow did you add value to the deal?

1 April 2024 | 6 replies
However, be mindful of the higher interest rates and fees associated with hard money loans compared to traditional financing.