Calling all Investors

Have you ever considered investing in real estate? I don't mean the home you live in. I am talking about rental property. Here is an opportunity to give yourself a steady, monthly income and build equity for the long term. And now is a fantastic time to begin or to buy yourself another investment property. Why?

1. The price you will pay for an investment property are significantly lower than they were 3 - 4 years ago.

2. Because prices are lower your monthly income will be higher.

3. There are more renters so your apartments will be easier to rent.

4. Interest rates, even for investment properties, are at an all time low so your monthly mortgage payment will be low.

5. Your net income will be greater with a lower purchase price and a lower interest rate.

When you look for units to purchase, do the math. Look at all your anticipated expenses:

1. Mortgage

2. Property Taxes

3. Insurance

4. Utilities
5. Vacancy Rate
6. Maintenance
7. Property Management Expenses if you plan to hire a property manager
8. Advertising Expenses
9. Income Tax Expenses (Check with your accountant)

Figure your budgeted income, subtract the expenses and if you will have a positive cash flow you only have to decide if you want to enter the property management business. It is exciting, challenging and rewarding.

I have owned investment property for more than 20 years and love it. Contact me with questions. Let me know if you want to begin a search for that 'perfect' property.