down payments: Time to buy rental property
- 12/20/08 07:12 AM
Unsure of how the real estate market will respond in the coming months and years to all the economic chaos? My advice to to my investor clients and those who are scared of the stock market is to buy investment rental property and hold it until the economy shows signs of a revival. As our real estate market returns to the traditional loan practices of requiring substantial down payments in order to buy a home, the need for rental properties will increase dramatically, not to mention the length of leases. The best purchases will be homes that can be leased out (3 comments)