Why You Shouldn't Buy a Property Right Now

Mortgage rates are improving and it's just starting right now. So we think this investment is actually a tiny off plan deal. The yields on these properties are pretty good, which means that even with mortgage rates as high as 5.5% they still cash flow nicely. But we believe that's our worst case scenario and actually we'll do better by the time it completes. We won't put our mortgages in place today. And we feel that the mortgages will improve between now and the time that we come to get their mortgage, but we're not gamblers. It feels like the momentum to better mortgage rates has just begun. That competition will increase and mortgages will become attractive again.