Investing in today’s market

More buyers and investors see the value and opportunity of investing in today’s housing market.  With approximately 6.5% interest rate for a 30-year fixed mortgage and a healthy rental climate, most investors get positive cash flow after putting a 40-45% down payment.  That sounds like a lot of down payment. The good news is that with interest rate expected to drop, homeowners can refinance to reduce their monthly mortgage payment. The challenge right now is getting that property before it get snapped by another investor.  Investors shall get the pre-approval letter ready before house hunting.  They need to make a decision fast and get the contract in on time for consideration.