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Stop Waiting for Interest Rates to Fall (Signs to Sell NOW)
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Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy:
Waiting for interest rates to drop? Well, it could be a while. At the start of the year, many economists were confident that rates would drop from three to six times over 2024. Now, halfway through the year, we’ll be lucky to get even one rate cut. And those real estate investors who bought homes that only worked at a five percent mortgage rate are starting to see their losses pile up. Is it time to sell, or should you wait for rate cuts that are seemingly right around the corner?
Christian and David are back to go over the pros and cons of waiting for interest rates to fall, especially if you’re sitting on an investment property that’s losing money every month. You could cut your losses and sell before it worsens or ride it out until rates come down. But how long will you have to wait? Would it make MORE sense to sell for a loss but buy a winning property in exchange? The investing and mortgage experts are getting into it on this Mortgage Monday.
00:00 Waiting for Interest Rates to Fall?
01:01 Sponsor: Vacasa!
02:33 Date the Rate?
04:12 Are You Losing Money Right Now?
08:08 Sell Your Rental Property?
12:49 What if Rates Don't Fall?
17:05 Find Answers Here!
Join BiggerPockets for FREE 👇
Grab David’s Newest Book, “Pillars of Wealth”:
Find Investor-Friendly Lenders:
See Christian and David at BPCON2024 in Cancun!
Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy:
Waiting for interest rates to drop? Well, it could be a while. At the start of the year, many economists were confident that rates would drop from three to six times over 2024. Now, halfway through the year, we’ll be lucky to get even one rate cut. And those real estate investors who bought homes that only worked at a five percent mortgage rate are starting to see their losses pile up. Is it time to sell, or should you wait for rate cuts that are seemingly right around the corner?
Christian and David are back to go over the pros and cons of waiting for interest rates to fall, especially if you’re sitting on an investment property that’s losing money every month. You could cut your losses and sell before it worsens or ride it out until rates come down. But how long will you have to wait? Would it make MORE sense to sell for a loss but buy a winning property in exchange? The investing and mortgage experts are getting into it on this Mortgage Monday.
00:00 Waiting for Interest Rates to Fall?
01:01 Sponsor: Vacasa!
02:33 Date the Rate?
04:12 Are You Losing Money Right Now?
08:08 Sell Your Rental Property?
12:49 What if Rates Don't Fall?
17:05 Find Answers Here!
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