With Interest Rates on the raise, has them made some investors change there plan? For example, starting out as buy and hold to Flip? Let me know what you guys think, I really want to have a income property, however, with the interest rates on the raise, makes me nervous to spend and not be able to profit from it.
Interest rates are gonna be way below average for a long time!
The fed's raising of short term interest rates only has an (arguably slow) indirect effect on mortgage rates. And even if rates will increase by a full 1 percentage point within a year, you'll only end up paying an additional $60 (approximately) on a $100k loan.
If that's enough to make your plan unprofitable, then you probably need a different plan anyway...
@Trey Mohammed I agree with David. They are going up, but not by much and if you compare rates now to what they were, in say the 80's, this is still historical lowes.
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