February 5th, 2014 9:31 PM by Eric Fang
Talked to one client today, she asked me to geta cash-out loan for purchase of rental properties.Actually the RE market is not that hot in mostof the areas. I have a few loans with lowervalues(than we expected, or the purchase price).
According to Robert Shiller for Shiller Home PriceIndices, the home price will be up single digits in most areas of USA. Some areas may go down. So you can take time to get the property you like.
Bill Gross of PIMCO sent Feb newsletter to his clients,and the key word is careful. There is lots of uncertaintyin the current market. It is better to be 'safe" on the investment.