Welcome to the Heartland Multifamily Show. In this episode, Trot and I discuss the current interest rates. We recorded this episode in late August 2023, when the interest rates are at their highest since 2001, with 30-year mortgages exceeding 7%. What’s more, I fully expect, given my years of experience, that interest rates will hit 10% in the near future.
Over the past few months, I’ve been asked about where these rates might be headed and how they might impact real estate investments. Trot and I delve deep into the topic, and I emphasize that regardless of where interest rates stand, there’s always an opportunity to buy real estate. It’s all about finding the right deals and ensuring the numbers make sense. Regardless of the interest rate environment, I’ve bought properties, and it’s all about the math and making informed decisions.