The 3% Mortgage Rate Strategy 99% of Rookies Don’t Know Exists

Episode #723 Did you know that *you could get a 3% mortgage rate on your next rental property?* With rates hovering around 6%-7%, this would *shave hundreds of dollars off your monthly mortgage payment* and *save you a few hundred thousand dollars in total interest.* That alone could *flip a deal with negative cash flow into a profitable one.* But rates don’t appear to be coming down any time soon. So, how is this possible? Welcome back to the _Real Estate Rookie_ podcast! Today, we’re talking about assumable mortgages—existing loans that have rates as low as 3%. These aren’t “goldilocks” properties that only the luckiest investors find. There are _millions_ of them all across the U.S., and *we’ll show you exactly how to find them.* Stay tuned to learn everything you need to know about these loans, like how to *cover the “equity gap” that many of these properties have,* a six-step process for taking over an existing mortgage, and the *biggest pitfalls to avoid along the way.* If you’re struggling to find properties that cash flow, _this_ investing strategy could be the answer you’ve been looking for! Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Grab the Book, _Wealth Without Cash_ : https://store.biggerpockets.com/products/wealth-without-cash?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders Assumable Mortgage: What Is It, How It Works, Pros & Cons: https://www.biggerpockets.com/glossary/assumable-mortgage?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:22 What Are Assumable Mortgages? 04:21 Types of Assumable Loans 08:57 Covering the “Equity Gap” 12:58 How It Works (6 Steps) 16:03 Common Drawbacks & Pitfalls 19:57 Your Next Steps!