SAN DIEGO, Nov. 9, 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. Loan borrowers and home buyers can be assured they are getting the most relevant news in the mortgage world with Loan Love's many detailed articles. In one their newly featured articles titled "Is Rental Property a Good Investment? (In TODAY'S Market)," Loan Love helps discern questions readers may have when purchasing rental property as an investment while at the same time providing expert advice on the subject.
The article first starts by explaining why many investors today may consider investing in a rental property may be a good idea: "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."
Despite these clear benefits however, the article advises readers to consider a few characteristics before blindly making an investment in rental property. The article points out the following:
"Even though the market is in a good place for investors, not every rental property offers the same earning potential. For example, properties located in low-income areas may not be able to bring in as much rent as a similar property located in an area with a higher average income." Loan Love suggests that potential investors consider the following property characteristics before committing to a purchase:
- Renovation required
- Vacancy issues"
The previous five characteristics are explained further in the article and why should definitely not glossed be glossed over. As a final reminder to those seeking to invest, Loan Love offers a few words of advice:
"In the end, whether you should purchase rental property depends on the specifics of your situation. 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."
For more information on rental property as an investment, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com