Investing
If you've ever considered real estate as an investment vehicle now may be the time to become active in the market. With the current squeeze in the lending arena, rent amounts are on the rise and vacancy rates are falling. Many owners with single family homes that were for sale languishing on the market have found it easier to lease the home out.
Investors just getting into the market may begin by purchasing another home to rent out or, move into themselves and rent out their existing home. A far better decision in my opinion? Multi-family. Frequently a duplex (two units)can be acquired for a similar price as a single family home. The investor does not have to move out of their existing home and they have two rental income producing units under one roof in one location. And we haven't even begun to think about the tax benefits.(Please consult your tax professional to learn the benefits of real estate as an investment. If you need a referral please contact me.) Given the appreciation rates in the last decade or so you can see where I'm going with this.
Look at it this way. If you own a home have you benefited from it financially? Think how great it would be to have more than one!
If you're considering real estate as an investment, contact me I'd love to explore the possibilities with you.