Now is the right time to buy rental properties or get a new mortgage. The numbers make a lot of sense because everything changed in the last few years. The housing bubble burst, many people can no longer afford to buy and interest rates cannot be any lower. Is this a perfect storm? Rental property is all about the numbers and the numbers look really good. What are you going to do?
Do you have enough savings to make a down payment? Foreclosures and tight credit are keeping prices low. Could prices go lower? Maybe! If you are looking for real estate for rentals, now is the right time. The combination of low prices and interest rates creates a real opportunity. If you have good credit and the income to support the mortgage, you could be a landlord! You could use the buy to let mortgage calculator to find out if this would work for you. What do you think?
Okay, you aren’t interested in buying rental property! Now is still a good time to buy real estate. Wouldn’t you like to know what you mortgage payment would be? You can use the mortgage calculator to find out your monthly payments. Whether you are buying your first house or it is your twentieth house, you want to know your payment before you actually buy the house. What are you waiting for?
With prices and interest rates so low, it is the perfect time to buy real estate. Good credit and sufficient income is all that you need to get into rental property or a personal residence now. Being a landlord is not easy, but it is a great way to build assets. How often can you have someone else pay your bills (mortgage). Over time, it is a great way to build wealth! Prices are low on personal residences and it is a great time to buy. What are you going to do?
Photo by: Diana Parkhouse