How to refinance when interest rates go up?

[Anna Bee]

Hi,

I'm new in RE investing and I was very interested in BRRR, but since I live in WA that's kind of hard to accomplish. At this point the only thing I can afford is condo or max townhome, which will probably include HOA. My concern is since interest rates will be going up how to refinance condo/townhome in future?

[Jaron Walling]

@Anna Bee You need consider history and how high interest rates have been. In the mid 90's rates were around 7-9%. Do you think successful investors slowed and stopped buying during that time? NO. They focused on the deal and what really drives REI. If you're serious about investing think about the time sitting on the sideline compared to the opportunities and ROI for properties you could have purchased. If the deal has upside (below market, distressed/value add, cash-flow rental, wholesale) then make a move on it before someone else does. 

Investing is risk. Investing is sacrifice. You want to buy X but give up opportunities to buy Y. It's imperative to be in a position where neither X or Y can kill you financially if you fail.