Updated over 7 years ago on . Most recent reply
BUY???? high interest rates.
Im getting ready to rent out my house, I locked in a lower interest rate 3 years ago and this will be a good loan to hold.
But looking at buying my next house to get ready for rental and Im concerned about locking in a 30 year rental with these high interest rates we have.... it would be hard to be cashflow positive. just talked to a lender and she said If I was to buy my same house today with the higher interest rates instead of an$850 house payment I would be looking at more like $1000. that would hurt.
what are you guys doing in this market?
Is this the time to flip houses and wait for interest rates to lower to buy those rentals? it would make since to flip the houses for a couple years or however long it takes, and then use that capitol to maybe buy 2 rentals later.
any ideas?