Make 2017 Your Year For Real Estate Investment!
If it seems like the same goals are on your New Year’s resolution list year after year, 2017 is the year to cross one off the list:
Invest in a rental home!
Rents are solid, values are climbing, and mortgage rates are still low for non-owner occupied properties. A $150,000 home with a 20% down payment could easily generate monthly cash flow of $300 to $500 after paying all expenses.
Many strategies can be successful, but a tried and true formula is to invest in single family homes that are currently listed at below average price range, in predominantly owner-occupied neighborhoods and located within a desirable school district. These properties will appeal to the broadest range of tenants for rental and will also expand the market of ready and willing buyers when you’re ready to sell.
Finding a real estate broker with experience in both sales AND rental management is one of the most important steps towards success. Wise advice from the right broker can help you make the best real estate investment for your particular goals and financial situation. In many cases, single family homes are most likely to develop into appreciating assets with tax advantages, reasonable control and the opportunity to borrow high loan-to-value mortgages at fixed rates for long terms. 2017 is your year to make real progress on your resolutions and take the first step on the path to financial success.
Contact Sea Scape Properties today to learn about available rental investment homes in your area. We’ll take the time to explain the process and help you create a plan for your future in real estate investment.