AgentIndustry News

Capped ARMs a good financing alternative

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

It's been two years since the subprime mortgage market blew up, taking down the residential housing industry and eventually the economy. While everyone's hoping the end of the property blues will be reached this year, there are still some sectors, such as commercial real estate, that were late coming into the down cycle and still have a long way to fall. I bring this up because a lot of small investors -- after successfully dabbling in the residential markets, picking up forlorn properties cheap and either fixing to sell or holding as a rental units -- are realizing it might be time to move up the real estate food chain. Although the investment market for single-family homes is still vibrant due to all the foreclosures, there's a lot of competition out there and in many cases the payoff won't come for many years. Understanding that new dominoes are starting to fall, smart investors are already moving up, spreading their investment dollars to other forms of residential prope...