007 - Fargo Condo Market Update, 5yr ARM Expirations with Trevor Schmitt, & Qapital Savings Tool
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007 - Fargo Condo Market Update, 5yr ARM Expirations with Trevor Schmitt, & Qapital Savings Tool
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Summary
In this episode of the Midwest Invest Report, Kyle Reedstrom discusses the benefits of condos over single-family homes in the Fargo Moorhead market. He explores the lower maintenance, amenities, affordability, location, community, and security that condos offer. Kyle then brings on guest Trevor Schmidt to discuss the impact of adjustable rate mortgages and interest rate changes on investors. They delve into the challenges investors may face when their mortgage rates expire and the potential need for more equity. Finally, Kyle shares a tool called Qapital, a savings app that helps users set and achieve their savings goals.
Link to Qapital: https://get.qapital.com/EOVDouFCGeb
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