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If you are like me, you want to get the most from your money. You worked hard to earn it and you want it to grow as much and as rapidly as it can. Fortunatly for the people who are looking to put their money into real estate, it is an amazing time to buy now. There is an abundance of good homes available, the prices have come way down, and the interest rates are at historic lows with rates under 5% available!!!
We all know that the economy is in trouble. We also know that the country we live in is strong and vibrant. We will come out of this bad economy and the ones who will make money are the ones who were looking forward when times were rough. Buy a house that is in decent shape and that can at least break even on the rent being paid, put a little money in to clean it up, and rent it out. Make sure you watch the tenants. My suggestion is to make an appointment with them to get the rent check on the first and walk through the house every month. Set up that expectation. They will take better care of the house, because they know they have to. Before long, we will be in a better place, you are providing a home for a family to live in and you have an asset that will grow over time.
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