Sunday, January 4, 2009
Dropping Interest Rates
Wow! Fellow investors. I have heard of 30-year rates as low as 4.75%! The time to buy is now. I have started looking again. There has never been a more optimal time to get back in the investing market than now. Don't expect to make money flipping as the supply is too high. You will need to buy some homes with the intent of holding onto them for at least 2-4 years. I have two properties rented now throwing off about $1700 per month with debt service of only $900. So, I need to buy more units. Finding tenants is easy. Just try craigslist or a for rent sign in front of the property. Good luck and let me know what you get.