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First-Time Home Buyer

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Munish Ashat
  • New to Real Estate
  • Iowa
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No cash flow at current interest rates, should I still buy with hopes of refinancing

Munish Ashat
  • New to Real Estate
  • Iowa
Posted Apr 2 2023, 14:08

Hello bigger pocket community! I am first time investment rental property buyer from Iowa. 

I am looking at few properties a week but with current interest rate of around 7% none are cash flowing even after hard bargain. However, if I reduce the interest rates to 4-5% I get $200 to 300 cash flow. Should I buy these properties now and wait to refinance ?

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