BRRRR Investing When Rates are Low
Hi there!
Im brand new to real estate investing. But am very ready to start my journey. I love the BRRRR method and want to pursue that form of investing.
However, something I'm concerned about (and maybe I shouldn't be) is the Refinance part in today's economy.
Today rates are very low. So if I were to find a great price on a house today and get a 3% rate on it. I'm worried, by the time I'm ready to do a Cash Out Refinance to buy more properties, rates will be higher again, like 4%+.
Is this something anyone else is concerned about? Or is it something that you prepare for when you set your rental prices to make sure the rent is enough to cover the future increased mortgage payment?
I certainly don't want to be stopped by feat to get started. So I appreciate your guys experience and feedback!