Every year, it seems like the same things are on the list, but 2017 could be the year you really do invest in a rental home.
Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to $500 monthly cash flow after paying all of the expenses.
There are lots of strategies that can be successful but a tried and true formula is to invest in below average price range homes in predominantly owner-occupied neighborhoods. These properties will appeal to the broadest range of tenants and buyers when you’re ready to sell.
Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.
2017 can be the year to make some real progress on your resolutions. If real estate investment is one of them, take the first step and invest some time learning about rental properties by attending a FREE webinar on January 4th at 7:00 PM (Central Time) by national real estate speaker Pat Zaby. Click here to register. If you can’t attend live, still register and you’ll be sent the link to watch at your convenience.
If a new home or an additional home is on your horizon for next year, I’m here for you!