It’s already Friday, and it couldn’t come too soon. Murphy’s been visiting our family the last several weeks. We’re dealing with it, but I think it’s time he moved on. So if you’ve been wondering why the smooth-pated one hasn’t been writing much lately, that’s why.
The highlight of this week was having lunch today with one of my favorite clients, and his family. Nothin’ like lunch on the Pacific Beach boardwalk to put a little ‘relax’ into your get-along. Perfect weather, though they thought it a bit cool. Coming from Texas I can understand for sure. I love sharing a meal with outa town clients when they’re in my neck of the woods. So if that’s you, even if you’re not a client yet, call me. I don’t need much of an excuse. 
Speaking of Texas weather — got back from Huston last Saturday afternoon. The whole time I was there the temp stayed around 90-105° while almost raining. We’re so spoiled in San Diego. It felt like I was in the waiting room for Hell. Was there for a ‘boots on the ground‘ visit. Saw a buncha pretty encouraging economic signs, not to mention way too much dirt. Gotta love The Woodlands area though. More later maybe.
Alright already — the rates
When it comes to interest rates, the markets were good to real estate investors this week. Also, some have wondered why the single family investor interest rate is usually higher than the 2-4 unit rate. On the surface it doesn’t make sense, right? Here’s the missing puzzle piece. Since down payments for houses are just 20%, 5% less than for 2-4 unit loans, lenders impute more risk to the lower down payment. See? Makes sense now doesn’t it?
80% loans for single family properties are currently at 4.625%.
75% loans for 2-4 unit properties are now going out at 4.5%.
Chad Emerson is the guy ya wanna talk to when it comes to purchase money loans or refinancing 1-4 unit investment properties. Though he’s in San Antonio, your property needn’t be there, or even in Texas. He does loans pretty much everywhere, and well.
You can reach him at 210 557-6320. Two things — If you call him, remember time zones. He’s two hours later than the west coast, and an hour earlier than the east coast. Also, tell him I sent ya. Might as well get put on the ‘A’ list, right?
If you’ve been thinkin’ your retirement plan should be on the ‘A’ list, gimme a call. 619 889-7100 will find me every time. Rather write me? Click the Contact BawldGuy button and let ‘er rip. Have a great weekend.