Feds Cut Rate Again

The feds have cut the rates again this time by a 1/2 point in order to try to give the economy a boost.

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Prime has hit the lowest since the Spring of ‘05.

If you’re able to borrow money to buy houses, then realize the money is extremely cheap right now. But don’t solely rely on the banks to fund your deals because the bank can put a stop on your line of credit at any given moment for no apparent reason.

Ask me how I know that…

Instead, look for more creative real estate methods and private money to fund your deals.

With the rates dropping and the amount of deals increasing, focus on flipping your deals to other investors. Many long term real estate investors (landlords) see this turbulent time as an opportunity and you’ll see many of these guys scooping up as many deals as possible.