Mechanicsburg, PA · Member since 2013 · 3k+ posts · 2k+ votes
11mo
This year got two mortgages @ 4.25% interest fixed and one at 4.75% interest fixed. These were new builds with the financing pre-arranged by the builder with a large lender when the subdivision first started. These below market interest rates make the properties positive cash flow. These rates allowed me to buy three properties when I initially was only looking for one. Therefore, not only did I get lower interest, but able to buy more properties. You have to look hard to find these financing deals, but I recently saw other deals as low as 3.5% interest. At 7% interest for investors, all three properties would be negative cashflow, which I'm not looking for.