Updated almost 11 years ago on . Most recent reply
Current Interest Rates - Investment properties
Hi everyone!
I am so glad to have found Bigger Pockets. From reading several posts it's clear there is much wisdom here. I am a real estate "investor" by default. My problem is that my investment property loses money. I bought the property in question at the top of the market in 2006 then moved to take a new job. The market turned south and the property is under water in terms of sales value. I have been renting it for the past 5 years at a loss.
My current 1st mortgage interest rate is 5.375%. This rate was negotiated back in 2011. My question today is what is the current range of interest rates I can expect to find on a rental house? The house is in Maryland. Thanks in advance!
-Newbie