10/30/2024
Have you ever considered investing in a rental property? It’s not for everyone and like all investments, carries risk.
When looking for a rental property, what matters most is the return that you can make on your investment. If your ROI is going to be negative or not a substantial enough gain to cover overhead expenses, chances are you should probably invest in something more affordable.
On the other hand, if you can pay for the investment up front or enough of it that you can still profit from the rental income, you’re good to go!
Now to get to my point; new home construction is the way to go if you want to buy a rental property. Specifically, new home builders geared towards affordability; such as D. R. Horton. With lower than average home prices, lender incentives and low interest rates, you get the tools you need to gain the edge when buying your investment property.
Why do rates come into this? Because the largest majority of people who can afford homes right now are not first time home buyers, but investors with capital. Interest rates are not expected to change much for the next 10-15 years; we might see 5% again. With home prices up and the cost of services needed to purchase these homes up as well, it’s rare to find a young first time homebuyer who can afford a 20% down payment of $80k while also having to a pay $2500/month mortgage not including utilities!
It’s much more appealing right now, and will be for the next 10-15 years to rent a house without wiping out your savings.
Thinking about buying a rental property now? You’re in luck, because I know just where to find them. https://www.linkedin.com/posts/ryan-orhelein-677704a3_have-you-ever-considered-investing-in-a-rental-activity-7257482259232911360-Jht_?utm_source=share&utm_medium=member_ios
