Jeannie Niles Real Estate Investment
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Interest Rates Going Down? UPDATE
Update 2-25-2009
I see interest rates staying low for the foreseeable future. Mortgage rates should stay in the range of 4.5% to 5.5% for residential income properties, one to four units. I have a duplex closing this week and the borrower got a 5.25% 30 year fixed rate loan, paying two points.
Problem with obtaining this loan is the new underwriting criteria. Check out my articles about the ten loan maximum requirement as well as the Fannie Mae Guidelines.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
