Real Estate
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.Conversation starters
Most popular
Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Solid rents make investment homes a 'sweet spot'
February 8, 2013 @ 8:29 am
Low mortgage rates coupled with solid rents have made investing in a rental property pay off for investors.
Many investors have eyed foreclosures, snagging them at rock-bottom prices, and turning them into rentals. Some homeowners have also used the downturn in housing to purchase second homes and then rent out properties, the Associated Press reported.
Demand for rental housing remains strong. "In this market, at this point, it's a sweet spot," says Chris Princis, a senior executive at financial advisory firm Brook-Hollow Financial. "You're getting the market where it's just starting to rebound, but still at the bottom, with what's looking to be a great recovery."
The best investments for rentals typically prove to be in areas with a strong history of rental demand, such as neighborhoods near universities or homes in residential areas that are near schools to attract families.
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.