Improve Your Bottom Line

Buying Investment property is one of the ways to improve your bottom line regarding your personal wealth. Numerous Americans are taking advantage of this historic Buyers market, and building their future wealth.

My 4-plex in Edmonds, WA, sold this week with numerous multiple offers, as a case in point. Buyers are recongnizing that this product is good and has value!  You can take a look at it here.  It reminds me of how great an investment these rental properties are. The rental market is strong and is expected to continue for some time. With lending practices tightening up the criteria for home mortgages, not just everyone can get a mortgage as they did in the more recent past, also precipitating the economic downturn that we have experienced. So, more people are needing rentals.

Couple of articles related to this:

1)  CNN Now It’s a Great Time to Invest!

2)  Seattle Times: Rent vs Own

The important aspects about investment property is to buy in the right location–close to amenities, bus lines, hospitals, shops, etc, as various renters are without cars and rely on bus connections. Real estate is often–almost always about location, location, location. The Loan to Value–amount to purchase and the amount of downpayment. The rent you charge should at least cover the mortgage payment and more if possible.

Homes and multiplexes are at an all time low, so if you are sitting on the fence, this might be the time to consider taking the plunge.

 

Posted on April 9, 2012 at 10:23 pm
Leigh Buchan Harvey | Category: Investment Property | Tagged , , , , , , , , ,

I’d Buy Up a Couple Hundred Thousand

Warren Buffett, in a recent interview with CNBC, said he’d buy up a couple hundred thousand single family homes if it were practical to do so. They are a very attractive investment right now, he continues. He has a very positive outlook for the recovery and for the investment climate in America right now.

Buffett on the Economy

Aside from the housing sector, Buffett says the U.S. economic recovery is healthy and won’t be derailed by rising oil prices.  He repeated what he’s been saying throughout the recession, that it’s always been a “terrible mistake” to be pessimistic on the U.S. over the long term.

This article among several other economic indicators should be an incentive to prospective home buyers that it’s a good bet to bet on real estate and if they are going to buy, get out and do so now.

In the Seattle area right now, we are experiencing a very strong market and a return to a seller’s market in many areas of Snohomish and King county. See maps from NWMLS just recently released.

Have Fun Out There–Buy a home!

 

Posted on April 3, 2012 at 11:58 pm
Leigh Buchan Harvey | Category: Uncategorized | Tagged , , , , , , ,