If you're able to lock in a rate for ten years, I'd say that gives you plenty of time to enjoy your low payments even as interest rates rise.Where I'm more concerned is the loans that will come due in the next five years, since they will be more affected if rates rise quickly. 

Best of lock and enjoy the 4th!

I have been trying to lock up a deal for a month now using a rehab loan with 20% down.

The thing that was amazing about Glenn as he knew a little bit about everything and I mean everything.He knew about business, legal issues, tax issues, marketing, sales, promotion, networking, and most importantly he knew about people (psychology).The first thing he did was tell me that I have two ears and one mouth, and I should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie.Then he taught me how to set appointments was home sellers, go out to their home, and write up a letter of intent to purchase or lease.He said to me, "your job is to bring me potential home sellers will consider a creative offer."

Another way of looking at it, and i am sort of repeating what has already been offered, is that you 'make' your profit, ie, lock in your profit at contract time by getting the property at a good price and understanding your repair and ARV numbers, but you receive money when you sell.  

Good lock to you @Jennifer J    Good luck to us both!

While you may be able to build equity, you're locking up a good sized chunk of your own money and having to pay for the privilege of being a landlord.

connect with @Toby Bergstrom or anyone else in your area that is willing to let you bend their ear also see if there is a bp meetup group in your areaalso drive your investing area and get to know the market good luck @Ryan Del Mastroyou need to do the same @Ronald Harris

I have to take action immediately and lock this thing down.There's always a chance that she'll be completely unreasonable and the whole thing will fall through..

You'll still work with a qualified intermediary and its a bit more pricey than a regular exchange but having your next property locked up ahead of time in a hot market can take a lot of pressure off.