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If you’ve run more than one BRRRR cycle, here’s the part nobody warns you about before your first one: the handoff between your rehab loan and your refinance loan is usually where things go wrong, not the renovation itself. Here’s what typically goes wrong at that handoff Most investors run their BRRRR deals with two
Last month, rates hit a 7-week low. Investors who were watching the headlines got a moment of optimism. Then the Fed stayed hawkish, the Iran conflict kept inflation elevated, and that window closed fast. As of late July, the 30-year fixed rate averaged 6.58% (Freddie Mac, July 23), up from the 6.43% low we saw
The summer market is giving investors two contradictory signals at once. Here’s how to read them — and where the opportunity lives. The 30-year fixed rate just hit its lowest level in seven weeks. Purchase demand is ticking up. Pending home sales have risen three months in a row. Then you read the other headlines: