Networking is Key to Success
There are many things that help make an investor successfull, but one of the most important is having a network of people to help you. Regardless of how long you have been doing real estate there is only so much you can do yourself. Real estate, like any other business, is constantly evolving. In order to remain competitive in the market you have to stay current with the latest trends. Understanding this, I have a question I would like your input on.
If I am correct and the interest rates increase dramatically over the next several months and years how should I handle my numerous ARM mortgages?
I have had a difficult time finding a lender to refinance my properties into one fixed rate loan. I have several residential properties and a few commercial so it would be great if I could find a lender that would combine everything I have. I look forward to your input. Thanks shawn
Comments (2)
Kevin, Thanks for the input. I have been trying to locate the right investors. There has to be some people out there that would like to have a 6% return on their money compared to what most investments are doing right now. Thanks again.
Shawn Parsh, over 15 years ago
Shawn, you are right networking is the key. As to your question, I would suggest talking with private investors (not Hard Money Lenders) in your area about what you are doing. Offer up terms to them to have them refinance you out of those ARM's. It will take some time, but that is a solid strategy. That is but one, I am sure others will share some great insights on here as well.
Kevin Kaczmarek, over 15 years ago