Investing in Real Estate

With home prices and values being at an all time low and interest rates being where they are, it makes for a great time to consider buying a investment property or rental home.

Most rental homes are the houses in the lower price range which are affordable to more buyers. Right now you can get a nice 3 or 4 bedroom home for under $180,000. When you calculate the down payment and house payment you can easily get a renter to cover the amount that you will be paying each month. As some investor’s say: the rent buys the house for you!

A few years from now, it will be these homes that will appreciate the most. You can enjoy rental income for a time and then sell down the road at a profit.

You would want to buy in the best schools districts and where there are few apartments as possible. Low maintenance exteriors and general good over all condition are other considerations when you are choosing the property to buy. Experts agree that the rental market will be extremely good for the next 5-7 years as there are a lot of people who have lost homes recently that will only be able to rent until they restore their credit.

-Sharon J. Coleman