SAN DIEGO, Nov. 25, 2013
/PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that
provides detailed insights into the mortgage industry in a fun and
entertaining way. The team at LoanLove.com is devoted to help empower
both first time and experienced homeowners with valuable resources,
first-class knowledge and connections to top-rated industry
professionals and has the mission of helping consumers and borrowers to
obtain the latest information on mortgage lending trends, the real
estate market and the U.S. financial landscape in order to help them
obtain a home loan that they will love. The loan advice website excels
at providing readers and loan borrowers with essential advice when
working with mortgage loans and refinancing through their many articles
and guide videos. In one of their newer articles takes an in-depth look
at rental property as an investment. Titled "Is Rental Property a Good Investment? (In TODAY'S Market)," Loan Love's
article answers the question in the title while helping future
investors unlock their investment potential with some helpful advice.
The
article begins by saying: "The goal of investing in rental property is
to earn a profit from the rent you charge to tenants. However, depending
on the characteristics of the property, the market conditions at the
time and the specifics of your situation, investing in rental property
may or may not be a lucrative choice. That being said, is rental property a good investment in TODAY's market ? Here are some factors to consider…"
As
the article points out, if there was ever a good time to invest in
rental property or housing, now would be the time. Market conditions are
shown to be more favorable to those looking to invest which Loan Love
further explains: "According to housing market experts, now is one of
the best times to invest in a rental property if you have the cash.
Housing prices have dropped, making home and apartment purchases much
more affordable for investors. In addition, mortgage interest rates are at an all-time low,
so it's possible to make a handsome profit on a rental even if you need
to finance it with a mortgage. The rental market is also ripe for
investors. Rental rates continue to increase in virtually every major
metropolitan area. Coupled with the affordable housing prices and the
low cost of borrowing, investors who purchase rental units now are
likely to have a healthy earning potential."
However, it also important to note that making an investment in rental property
may not be for everyone, as the article points out. For example,
properties in a low-income area may not draw in as much rent money as a
similar property located in a higher income area. Loan Love adds that before investing, there are a few characteristics future investors should look for, such as the following:
- Price
- Renovation required
- Maintenance
- Location
- Vacancy issues
The
article explains further on each individual characteristic and why they
are important enough to consider before making an investment. In
conclusion, the article advises: "Before you make a final decision, do
plenty of research. Sit down and look over your options carefully.
Estimate how much the investment will cost you and how much you are
likely to earn. If you believe the investment will bring in enough money
to make it worthwhile, go for it! On the other hand, if you think the
purchase is too expensive or the profit isn't high enough, look for some
other ways to invest your money."
To learn more on investing in rental property, please visit LoanLove.com.
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SOURCE LoanLove.com
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