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:
- Renovation required
- 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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