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November 17, 2011 by changescapeweb Leave a Comment

Now is the Time to Cash in on Rental Propety

iStock_000009666520XSmallMost of the news you hear about real estate these days seems to be bad news.  Home prices have fallen, and there are still too many foreclosures occurring.  But the rental market remains hot!

Rental property investments present great opportunities.  There are a lot of people looking to rent in today’s market – partly because foreclosures have turned homeowners into renters, but also because a lot of people are reluctant to buy now because of falling housing prices or the security of their jobs.

Why You Should Buy Now

Among the reasons to invest in rental properties now:

· Low mortgage rates

· Rising demand for rentals

· Renters are paying more per month

It is important to realize that owning rental property is something that you plan on having for a while until housing prices come back up.  Plan on 10 years or so…

Other key considerations include:

· Buy local properties

· Know the Neighborhood

· Work with an experienced realtor who has experience with rentals

· Consider multifamily dwellings

· Have a plan in place to rind and manage tenants

The goal: to make sure your rental income will at least cover your loan payments, plus a 20% cushion to handle repairs, vacancies, and property management.

Call a top real estate professional to help you find the perfect rental properties in your market.  My team specializes in St. Charles County and St. Louis County.  If you are considering buying rental properties in St. Charles or St. Louis, please contact Sandra Meranda and I’ll get you moving!

Read the full article – https://money.cnn.com/2011/08/30/real_estate/rental_property_investing.moneymag/index.htm

Filed Under: Investment, Rental Property, Uncategorized

February 1, 2011 by smeranda Leave a Comment

10 REASONS TO BUY A HOME IN 2011

Here's a great article on why 2011 is a great year to become a homeowner.  For help finding your new home in St. Charles or St. Louis, call me at (314) 691-1320 and I'll Get You Moving!

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Is 2011 your year to become a homeowner? Most people who choose a New Year’s resolution typically pick a goal to achieve or habit to break, but 2011 may be the year that they resolve to buy their first home.

“The reasons for first-time home buyers to invest now just keep adding up,” said Jim Dohr, president of Coldwell Banker Gundaker. “Setting goals and adopting good habits, such as saving more, reducing debt and improving credit scores, will put first timers in a good position to get what they want in the New Year.”

Here are 10 reasons to invest in real estate in 2011:

  1. Purchasing a home is far more economical than renting. In fact, according to a Coldwell Banker Real Estate survey conducted in April 2010, 53 percent of single homeowners reported they purchased a home because it was more cost effective than renting in their area.
  2. Greater variety from which to choose: single-family homes, condominiums, town houses, new construction, and existing homes.
  3. Mortgage interest rates remain at historic lows.
  4. Opportunity to buy a home today for yesterday’s price.
  5. Updated programs from the Federal Housing Administration that help make buying a home more secure and accessible.
  6. High volumes of Real Estate Owner (REO) properties on the market make it possible to buy a bigger and better home at a lower price.
  7. New and improved research tools and technologies make finding the right home in the best location an easier and enjoyable task.
  8. A willingness on the part of sellers to negotiate with buyers on more than just price, such as home repairs and moving dates.
  9. Historically positive home appreciation rates decade to decade.
  10. More than simply a place to live, owning a home is a smart investment. The Federal Reserve’s Survey of Consumer Finances has consistently found that those who own a home amass greater wealth than those who rent.

Coldwell Banker Gundaker, the leading residential real estate brokerage company in St. Louis, operates 23 offices with nearly 2,000 sales associates serving metropolitan St. Louis and east-central Missouri. Coldwell Banker Gundaker is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices. For more information, please visit www.cbgundaker.com.

Filed Under: Home Ownership, Investment

Contact Sandra

Cell: 314-691-1320
Office: 636-946-2020
Email Sandra

Berkshire Hathaway HomeServices Alliance Real Estate, St. Charles
2171 Bluestone Dr.
St. Charles, MO 63303

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