It’s a great time
To own income property!
If you’ve ever considered investing in rental property, now is a great time to make plans! Lower prices and a current buyer’s market make conditions for investing in rental property the best we’ve had in years.
What are the benefits?
Fundamental benefits of owning income property include:
Monthly cash-flow of spendable income
Equity growth by loan principal reduction
Price-value increase as an inflation hedge
Tax benefits of passive income and profits
The Window of Opportunity is open!
It’ll be too late to act after the public gets wise and drives prices up. For a review on how to invest in income producing property today, please contact us!
And Remember to Consider
Factor into your budget the costs of water, cable and internet, heating, air conditioning, electricity and other services.
Financing – Guidelines for financing income property are different from guidelines for financing a primary residence. How much do you qualify for and what down payment is required?
Property size – Bite off only what you can chew. Will you be managing it yourself or do you intend to hire a Property Manager?
Location – Look for property in familiar areas. Knowing the neighborhood or city you buy in makes it easier to rent and maintain the property for maximum benefit.