Interest Rates and Buyers-The Two Shall Meet

When a single point climbing in the interest rate category, many investors would cringe at the thought of being squeezed for more monthly income, now the same investors are taking the nonchalant attitude of indifference.

What has changed is the economy, taking with it a he pool of available renters and would be tenants. As the economy falters, with jobs stalled and businesses closing the doors, investors are holding fire sales for empty buildings. Those that are still in business, have little need for loans and are keeping their capital under the mattress.

What about the ones who do have some money and want to continue to invest? Believe it or not, there are plenty of buyers out there, but they are squeamish. It’s been a while since I’ve had a buyer make an offer sight unseen and then worry about the financing after they were secure the deal was tied up. Somewhere they exist, but where?