Another week’s in the barn already. It’s Mother’s Day Sunday, and Mom will be accorded the treatment royalty requires.
The rates have remained at the historic lows they hit last week. The ‘Perfect Storm’ for real estate investors, about which I’ve written many times, on these pages and elsewhere, is still at Force-5 strength. How long this window will remain open is anyone’s guess, as my crystal ball hasn’t emerged from the repair shop since the ’70s. The message there is to move it or lose it if you’re thinkin’ of employing real estate as part of your retirement income. This ain’t gonna last forever.
The Rates
If you’re purchasing a SFR your rate, with a 20% down payment, will be 4.75%.
Prefer 2-4 units? At 25% down, you’ll be able to benefit from a 4.625% interest rate.
Let’s talk, OK? Gimme a call at 619 889-7100, and together we’ll make it happen. If you like email better, go up top and click on the Contact BawldGuy button. Have a great weekend.
If you have the down payment and reserves and can find well located quality properties with consistent income, and you want to hold them for 15 to 20 years, locking in these rates now is a no-brainer. Austin appeals to me because of the connection to the Silicon Valley wealth creation machines. Not as diversified as Dallas, but attractive to the tech folks. Sure wish the 4/10 loan limits would disappear….
You and me, AI, you and me.
You, me, and Al, BawldGuy. You, me and Al.
Thinkin’ 3 of us makes a trend.
+1
OK, Greg, now it’s gotta be a full blown trend. Welcome aboard.