Buy A Rental Home
This is an amazing time to invest in real estate. If you are considering purchasing a rental home, now is the time. I remember back about 10 years ago, I was having dinner with an investor friend of mine, and we were talking about the real estate market, and how incredible it was that a person could buy a 3 bedroom rental home for a very reasonable price with a low interest rate, and then rent it out and have a positive monthly cash flow.
Well, those same conditions exist right now. There are low priced homes on the market (and coming on the market) that can net a positive monthly cash flow (which equals the rent you receive, less your mortgage & expenses). Some of these homes are REO properties, that is, real estate owned by a bank, and others are homes owned by people who are motivated to sell for a low price to get a quick sale.
The same basic investment rules apply today, just as they did then. It is best to purchase rental homes in neighborhoods you are comfortable with and that are convenient to you. And if you desire a positive cash flow, you will want to stay under a certain price range.
Having lived in Seattle my entire life, I am very familiar with most neighborhoods. Just let me know what neighborhood you would like to buy an investment home in, and as your realtor, I will focus on finding, and then negotiating you a nice price for a great deal. I have owned many rental homes myself, and I have many years of experience buying and owning rental homes. I will share my knowledge with you, as your realtor.
Now really is an amazing time to invest in real estate.
Brent Fosso