Now is a great time to get into investment properties, especially if you are thinking about doing rentals. Here are just a few reasons that the market is great for investors right now:
- There are a ton of good properties on market
- Home prices are really low
- It is harder than it has been in years for borrowers to qualify, which means there are more people looking to rent for a year or two
- Rates are GREAT (even for investment properties)
- It's become harder for investors to get loans, but this isn't necessarliy a bad thing because there is less competition when it comes to purchasing an investment property
There is a lot of money to be made in the investment property/rental business!!! If you would like more information please feel free to call me at (615) 972-8221.