Interest rates are near historic lows creating excellent opportunities to buy or to refinance current properties. We are seeing 6% or less Loan Rates with 5 to 10 yr. balloons and 25 yr. amortizations. If you don’t refinance, we suggest you ask yourself a couple of questions.
1-Am I earning a market rate of return on my equity? If you have owned your property for a long time, you may have lots of equity but earning a low rate of return on that equity. If so, you might want to consider a 1031 Exchange as a way to increase your return.
2-If I could get an equal or better return on my investment without management and without paying taxes on a sale, would I be interested? If yes, call us and we can explain.
Call us for a no-obligation review of your options.