As interest rates continue to rise, it is becoming “more expensive” to borrow the same amount of money. Today (October 5, 2022), the average interest rate for a 30-year fixed mortgage on a primary residence is 6.83%, with the average for a 5/1 ARM (adjustable rate mortgage) standing at more than 5.3%.

But rates for investment property typically tend to be higher. With that in mind, rather than dealing with banks or other traditional types of lenders, there may be some other options available to you, such as:

  • Pulling equity from other properties to pay for some or all of a new investment
  • Using cash from a self-directed IRA (Individual Retirement Account)
  • Borrowing via a personal loan through a colleague or family member (and puting the transaction in writing)

All potential alternatives can have advantages and drawbacks, depending on your particular situation. Therefore, similar to making other high-ticket purchases, before you move forward you should compare the short- and long-term effects of all your potential options – and, if borrowing is still the best alternative, running a comparison of different lenders’ rates could end up saving you thousands of dollars (or more) in the long run.

With an expanding portfolio of residential rental properties, it can become more difficult to manage and maintain them all. So, if you would like to alleviate some of the pressure, working with a property manager can help.

At Central Florida Property Management, we’ve been helping real estate investors take back some of their time through the variety of services we offer, including rent collection, tenant management (and eviction, if necessary), day-to-day property maintenance, and emergency response. We also provide financial reporting, so you have an up-to-date picture of your incoming and outgoing cash flow.

If you own residential rental property(ies) in the Central Florida locale and you would like to learn more how we can assist you, contact us at (407) 429-4834, or you can send us a message with any questions that you may have by going to We look forward to talking with you.


Today’s mortgage & refinance rates, October 5, 2022: Rates still low. Bankrate.