WHY BUY RENTAL HOMES

By
Real Estate Agent with Realty Executives 01152912
Why buy rental homes in a bad market? This is the best time to purchase rental property. Prices are down and interest rates are low. If financially possible you should be purchasing as much Real Estate as possible right now. Rental Homes are a great source of income. If you have money in the Bank the Bank only gives you like 1 to 3% interest on your money right now. If you have that money in a rental home the return is so much greater. And not to mention the appreciation you will get in the future when the Market goes up. And what other investment can you make that somebody else will pay off for you. The tenant pays the mortgage off for you. Where most people make the mistake of buying high priced rental homes where the payment is high and they are in the red. And the home is big and very expensive to replace carpet and paint. That is the worst thing you can do. Remember you are not going to live in these homes. This should not be an emotional purchase this is for investment. To make you money in the future. Some tips on purchasing rental homes are: keep price low, stay in decent neighborhood, small square footage is best, no association if possible (this eats into your income from the home). Joyce Barnett Remax Partners 951-707-6150
Posted by

Re/Max Partners

390 N. McKinley St., Ste. 106,

Corona, CA 92879

Joyce Barnett

DRE Lic#01152912

951-707-6150

Comments (6)

Kevin A. Guttman-Author, ReverseMortgageSpecialist
NMLS #384936 - Colorado Springs, CO
877-251-9709

Real Estate is a BARGAIN right now! Plus, interest rates are at historic lows! Time to scoop up some investment real estate!

Feb 02, 2012 11:42 AM
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

I wish I hadn't bought my duplex in 2007 ... it would have been much cheaper today! Today is the day to buy investment property.

Feb 02, 2012 12:03 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

It is the buy low sell high mentallity and like stocks people will be too scared to take the risk and therefore only a few will make the money.

Feb 02, 2012 12:47 PM
Jason Geary
First American Title - Highland, CA

Truer words never spoken!  It's called "retirement"

Feb 03, 2012 02:58 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to Check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Feb 03, 2012 07:17 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

More of my Silicon Valley clients are considering purchasing rental homes this year.

Jul 15, 2014 04:43 PM