Now is the Perfect Time to Invest in Real Estate
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Is Now a Good Time to Invest in Real Estate?
A lot of my clients have been asking me this, and I think I have a few great reasons for you to invest in real estate.
- Low Home Prices & Low Interest Rates: Interest rates are lower than ever, and so are home prices. These two factors are almost never both so low. Usually you see high prices and low interest, or vice versa. This is why now may be the best time ever to become a real estate investor.
- The Economy is Turning Around: The economy is on the rise, so if you have the financial wherewithal to invest right now you will be glad that you did in 5 years’ time when home prices have shot back up. Also, it will be tougher to invest in the future when the market is saturated with heavyweight investors.
- Money is cheap to borrow: As I said before, interest rates are extremely low right now. With the combination of low home prices and low interest, it’s hard to tell you a reason not to invest in real estate.
My Advice for First Time Investors:
Really what I would tell anyone to do would be to find an experienced real estate agent and have them find you some promising properties. Find a relational broker that you can refer to again and again for more leads and more properties. Finding someone that you can align yourself with and also who knows what they’re doing in the investing arena can really take you pretty far in the business.
Once again, if you have any questions about this or any inquiries about Grand Rapids real estate, then feel free to contact me. You can call me at (616) 942-2449 or email me at kevin@yoderrealestate.com
It’s good to know how low the interest rates are in the present. This only means that I have a better chance of making a profit if I were to buy properties now. I’ll try to consult an expert in real estate and see if purchasing residential properties will be a good move now.