Its a Great Time to Buy Rental Property!

If you’ve ever considered investing in rental property, now is a great time to make plans! Low prices and low interest rates make conditions for investing in rental property the best we’ve had in 15 years.

Fundamental benefits of owning multifamily property include:

  • monthly cash-flow of spendable income;
  • equity growth by loan principal reduction;
  • price-value increase as an inflation hedge; and
  • tax benefits of passive income and profits.

And remember to consider:

  • Financing – Guidelines for financing multifamily property are different from guidelines for financing a single family home. How much do you qualify for and what down payment is required?
  • Property size – Bite off only what you can chew. Will you be managing it yourself or do you intend to hire a property manager?
  • Location – Look for property in familiar areas. Knowing the neighborhood or city you buy in makes it easier to rent and maintain the property for maximum benefit.
  • Management – Who will manage your property? Management is tough, and the law tends to favor the tenant. Therefore, choosing the right property manager for your property is key. Ask us about our property management services and how we can help maximize rents, stay legally compliant, and address repairs and tenant issues.
For a review on how to invest in multifamily property today, please contact us today!

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