Who here has taken advantage of low interest rates?
 

The rate for 30-year fixed is around 3.5%.

Inflation historically is 2.5%. That means a real interest rate of only 1%. With interest rates in savings accounts at 0.5%, there is no point in holding on to money (other than for emergency funds).

I've gotten two 3-bedroom homes in Northern Virginia and refi'd twice. One is on a 15-year loan.

It's also easy to find renters now that no one is buying and the renter's market is flooded. I've had no vacancies for 2 years.

I should be. But am not.

I should be looking at a house rental purchase if I were smart.

We just did a refi last November. One of the smarter decisions that we've made. We shaved over 3% off of our rate.

Get a rental with at least three rooms if you want to profit. More rooms the better because you can spread your fixed costs thin.

Small rooms are in the hottest demand because the foreclosures sapped people's income and their ability to pay high rent.

http://www.economics.uci.edu/files/e...obmktpaper.pdf