Kristine Dugan, ABR, BS, CRS, SFR
Your Resource for All Things Real Estate
Direct Phone: 702-332-7781 :: Email: info@HomeSearchVegasValley.com
Why There has Never Been a Better Time to be a Landlord
Posted on June 24, 2011
I found this amazing video with some awesome information as to why this is the best time in history to be a landlord. Greg Rand is the gentleman in the video and the video is an actual recording of his radio show in New York. Greg is my type of guy - he is all about helping others build wealth through real estate so I am an immediate fan!
One item that I believe Greg failed to point out when discussing the opportunity to buy now (for investors or for owner occupied homes), even if values do decrease over the course of the next year, interest rates are not going to decrease. Research shows that as the economy improves over the next year, interest rates will be on the rise. For each 1% in increase in interest rate a buyer would need a 10% decrease in the sales price to break even. Taking advantage of low interest rates will save you THOUSANDS OF DOLLARS in the long run rather than focusing on the purchase price of the home. To learn more about this check out a previous blog I wrote by clicking here.
Below are just a couple of points I got out of his ten minute video that I thought was worth reiterating:
- As the Market goes down, there will be a come back up as Real Estate will always correct it's self because Real Estate over time has an expected appreciation rate over the course of history
- 4 Million Rental House Holds have been created in this real estate market per a study Harvard University did
- Vacancies in Apartments are up so those people that were living in apartments are now renting homes
- Buy where you know, if you are not able to capitalize on the area you know, go find someone that knows an area you can make real estate and your money work for you
If you or a friend, family member or coworker are interested in making your money work for you to make a great return on investment in the Las Vegas Real Estate Market, contact me today at 702-332-7781 for a private consultation.
Below is additional information on Greg Rand:
Greg Rand is the CEO of OwnAmerica, a company dedicated to teaching real estate professionals and consumers how to build wealth in American housing. "Rand on Real Estate" is a weekly video series where Rand offers his expert insights into how to grow wealth in the current real estate market.
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