Forward thinking real estate investors are now taking advantage of the best residential real estate buys in more than a decade. Based on today’s low homes prices and interest rates it is now possible to buy single family homes and rent them out on a positive cash flow basis.
Consider this: due to the large number of short sales and foreclosure sales occurring now, a growing number of new renters enter the market every month. These are former homeowners who will be locked out of home ownership for at least the next five years due to their damaged credit. Many of these households will become comfortable with renting as a permanent arrangement over time and not re-enter the market as buyers.
Most are used to living in single family homes with yards, basements and garages. They will not migrate to apartments. Furthermore, the current credit crisis will have a significant influence on curbing the federal public policy that overly encouraged home ownership over the past twenty years. The bottom line is that there will be much more demand for single family rental properties in the future.
Smart investors now see this as a very real opportunity to diversify their portfolios. Real estate once again provides an attractive alternative to other financial investments.
To address the needs of both investors and renters, WMR offers both property management services and a Rental Lifestyle program. By matching renters with investors and the right properties, WMR creates a valuable long term relationship with both.
Monday, May 25, 2009
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