SAN DIEGO, Nov. 10, 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. One of Loan Love's latest articles provides insight on investment property by describing how mortgage and rental property trends have changed in recent times. In this article, readers are given tips by the experts at Loan Love while providing answers to the question "Is a rental property a good investment?"
The article begins by saying the following: "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…"
What the article further proclaims is that now would be a great time for investors to invest in rental property. Studies from home marketing experts show that with housing prices being lowered, home and apartment purchases are now more affordable than ever for investors. To further benefit this, interest rates are also still at relative all time lows. "..it's possible to make a handsome profit on a rental even if you need to finance it with a mortgage" the Loan Love article points out.
Not only are rental properties more affordable, but the rental market is showing signs of healthy growth; Rental rates in many major metropolitan areas are showing signs of increase, allowing for more profits. Although with all the benefits associated with investing in a rental property, Loan Love alerts borrowers to a few characteristics that should not be skimmed over when settling to finance a rental property, the characteristics namely being:
- Renovation requirements
- Vacancy issues
Loan Love's article further elaborates on why each characteristic is important to look over before investing. With all being said, making an investment in a rental property can still be a huge leap for those seeking to purchase and will still need careful financial planning. The article clarifies this point by saying:
"Market conditions are excellent for investors, so if you have the capital available, this is the perfect time to make a move. However, if you have limited funds, or if you can't qualify for an affordable mortgage, investing in a rental may not be a wise choice. 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 for the full article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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