Thinking about buying a home for investment/rental. Seems like a good time, not as good as a few years ago but there are still advantages.
Home prices have rebounded, this is a good/bad thing.... good because there are fewer prospective buyers that can afford a home, bad because of possible market price decline in coming years.
But since interest rates are still incredibly low, it seems pretty easy to get a decent profit after the purchase on a $1200 - 1400 per month rental, as long as you can do 20% down on the house.
I already have one rental property thats been working out ok for me (different situation though, was a defacto investment property).
Thoughts?
Home prices have rebounded, this is a good/bad thing.... good because there are fewer prospective buyers that can afford a home, bad because of possible market price decline in coming years.
But since interest rates are still incredibly low, it seems pretty easy to get a decent profit after the purchase on a $1200 - 1400 per month rental, as long as you can do 20% down on the house.
I already have one rental property thats been working out ok for me (different situation though, was a defacto investment property).
Thoughts?