What about buying now as an income property? The rents are lower, but, so are the prices. Single family residential income properties are abundant in the market. Do you have some cash that is burning a hole in your pocket?
Most of the long term realty investors are looking. Purchasing the good deals that include: four plex, duplex, and triplex units now will make sense for some. Some are rented and some are not. What do you do in the time of Bank and REO listings and can investors still get lender money if they need it.
Granted the best way for today’s investment buyers to make money is to pay cash out right and set up your terms for good renters. Most of the clients that I have worked along side in the past have always thought that real estate is a long term investment. With the exception of the usual rotation of assets, the money investor today will consider the purchase as a great deal even in today’s market.
Purchasing the investment properties will probably take some time to begin seeing the big money of the past, but, vision ahead will make some buyers very comfortable in the future.
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