She's learned not to let factors outside of her control, like interest rates, affect whether or not she buys property.
Real estate investor Brenda Stroud isn't one to sit on the sidelines during a high-interest rate environment.
"Okay, the interest rate is high now; get the property, hold onto it, and refinance when the rate drops," she advised.
Brenda Stroud, real estate investorStroud prefers a five-year ARM, she said: "At the end of five years, it automatically resets.
In late 2022, he financed a property with a 7.25% interest rate, he noted: "I've closed on some high-rate deals.
Persons:
Brenda Stroud, She's, Brenda Stroud isn't, Stroud, It's, I'm, that's, Dana Bull, Bull, Matt —, —
Organizations:
ARM, refinance
Locations:
Stroud, Real, Maryland, Georgia, Tuskegee , Alabama, Massachusetts, New England