Betting on appreciation is simply speculation.

Beerock,I don't think you understand operating expenses yet, so I'd bet that the properties you're looking at are negative cash flow, not break even.

. $200,000 with the IO loan.With an IO loan, you're really betting on appreciation.

I bet all the rest of the flip shows are on the up and up.

thats the best bet to get a good deal.

Would the bank owned auction be your best bet to find a deal that is under market value?

You'll get a reduction off of the fixed rate because after the 1 year the rate is adjustable.

I am betting that they put renters in the house.

I have no data to back up my opinion), I'll bet you would find that many who have made their fortunes in RE made it from appreciation, not cash flow.I'd love to hear thoughts on this and hopefully I qualified my comments enough to indicate that I don't believe on betting strictly on appreciation, especially if you can't support the property that you are buying with your reserves.

Hi Folks,Fixed Rate Mortgages in CaliforniaFifteen-year mortgage rates averaged to 6.13% Thirty -year mortgage rates averaged to 6.43% Adjustable Rate Mortgages in CaliforniaAdjustable rate mortgages averaged to 6.09%Fixed Rate Mortgages in ConnecticutFifteen-year mortgage rates averaged to 6.02% Thirty -year mortgage rates averaged to 6.32% Adjustable Rate Mortgages in ConnecticutAdjustable rate mortgages averaged to 5.59%Fixed Rate Mortgages in WashingtonFifteen-year mortgage rates averaged to 6.07%Thirty -year mortgage rates averaged to 6.28%Adjustable Rate Mortgages in in WashingtonAdjustable rate mortgages averaged to 6.06%Fixed Rate Mortgages in FloridaFifteen-year mortgage rates averaged to 6.15%Thirty -year mortgage rates averaged to 6.41%[b]Adjustable Rate Mortgages in Florida[/b]Adjustable rate mortgages averaged to 6.27% Fixed Rate Mortgages in MassachusettsFifteen-year mortgage rates averaged to 6.10%Thirty -year mortgage rates averaged to 6.40%Adjustable Rate Mortgages in MassachusettsAdjustable rate mortgages averaged to 5.74%Fixed Rate Mortgages in New JerseyFifteen-year mortgage rates averaged to 5.91%Thirty -year mortgage rates averaged to 6.28%Adjustable Rate Mortgages in New JerseyAdjustable rate mortgages averaged to 5.59%Fixed Rate Mortgages in New YorkFifteen-year mortgage rates averaged to 6.15%Thirty -year mortgage rates averaged to 6.43%Adjustable Rate Mortgages in New YorkAdjustable rate mortgages averaged to 5.84%Fixed Rate Mortgages in TexasFifteen-year mortgage rates averaged to 6.12%Thirty -year mortgage rates averaged to 6.37%[b]Adjustable Rate Mortgages in Texas[/b]Adjustable rate mortgages averaged to 5.97%Fixed Rate Mortgages in PennsylvaniaFifteen-year mortgage rates averaged to 6.03%Thirty -year mortgage rates averaged to 6.35%Adjustable Rate Mortgages in PennsylvaniaAdjustable rate mortgages averaged to 5.71% CheersSamantha :rock: