How To Navigate Purchasing A Rental Property With Higher Interest Rates
Many people are looking for ways to diversify their investment portfolios, and one option could be purchasing real estate. The Federal Reserve has been raising interest rates in 2022, and they could continue the hike in 2023. What does this mean for people who are interested in purchasing rental properties in the current environment? There are a few key points to keep in mind. Why Are Interest Rates Going Up? There are plenty of reasons why the Federal Reserve is raising interest rates, but the biggest factor comes down to inflation. Inflation is rising at the fastest rate seen in…