Now may be the best time to invest in the Seattle Washington real estate market! They say that there is a Chinese proverb where “problem” represents both opportunity as well as a bad situation.
- Are you a real estate investor who wants more rentals, in better neighborhoods with a better quality tenant?
- Have you been waiting on the sidelines while property values have gone up 18% per year more recently in the neighborhood of 8-9%.
- Why real estate? Those of you who own a home know the answer- appreciation on a much larger asset value than your limited down payment.
- Tenants actually pay you $24,000 to $30,000 for your property, while you make $30,000 per year appreciation! Don’t own a home? Make your first investment NOW! I will find another tenant. And you are in the game!
There is a real problem in the mortgage market, but not for you, if your credit score and debt to income ratio fall in line with what lenders are looking for in a borrower. That credit is there, for instance the 30 year fixed rate mortgage is sitting at 6.125% (available through my programs as described in realtyandamortgage.com) and the national average per Freddiemac.com is 6.4% (at .5% cost). Investors an expect to pay 1.5% - 2.0% as a risk premium, depending on the ultimate lender guidelines and your down payment.
Comments(0)