It’s time to take another deep look into rates and ways to finance your properties. Jason talks to lender Aaron about what’s going on in regards to rates today, how it’s been changing in the last few months, and where to expect it to go in the future.
The two discuss how higher interest rates don’t necessarily mean your investments can’t make sense. Higher rates also mean more write offs on your taxes, plus your tenant is still paying your debts. So you might have lower cash flow, but it can still be a great investment that gets better over time with your locked in rate.
[2:10] You must, you must, you MUST (promise me you will) get a home inspection
[4:52] There are events coming up on the East coast and in Hawaii, so figure out if you can make them tax deductible!
[10:51] Every new regulation requires someone be hired to make sure the lenders are adhering to it, which raises costs
[12:48] What kind of rates can you get today with 20% down?
[16:02] Are people still taking out adjustable rate morgages for investment properties?
[18:48] You need to get your mindeset right when it comes to your real estate business. It’s not always strictly about the cash flow
[24:34] The inverse correlation between bonds and rates
[26:35] The best strategy ever is to lock in as many 30 year fixed rates as possible