Now is a good time to buy an income property or any real estate. Four reasons:
Prices are beginning to increase. That’s the best time to buy because just before the increase began, the bottom of the real estate cycle was hit.
It is very unlikely that property values will decline for many years in California because there is still a critical shortage of homes for sale. In fact, 3-4 million homes need to be built to catch up with demand.
Landlords rule. The rental market is hot and will remain hot for many years. More than half the adults in California can’t buy any kind of home (not even a condo). One of the best hedges against inflation is buying a rental property. Because of the high demand, rent rates will keep going up.
I know how to find or create good deals. One thing that separates me (in a good way) from most other agents is that I have a proven way to present low offers that will be acceptable by sellers.
Let me know if I can send any real estate information, or answer any questions.
Flavia Brown, Realtor (16 years)