A Win Win Situation For Property Vultures Looking For An Investment And For The Community

There is always a silver lining in any situation. It’s just a matter of figuring out what it is. Property vultures are circling to pick the bones clean of deals as the US property clock has wound prices back to the same levels as they were in 2003, according to financial researchers Standard and Poors. There has been an influx of foreclosed properties in the US, especially Florida. Additionally, buyers are having more difficultly to qualify for a mortgage as well. These two facts have had a positive effect on the rental market. In general, the rental market is going strong in Florida. There have been thousands of people who have lost their homes and now need a place to live. The home prices in Florida have been so low that cash rich investors are moving in and grabbing the deals. Investors who have the cash to buy a home quick, make repairs, and rent it out are doing the community a service. It’s a win win situation. Investors are obviously after the best deal they can get, and inevitably they are going to want to know whether the home will rent out easily. The answer to that question is, yes, as long as you price the rent properly. Being unrealistic on the price will leave the home without a tenant.
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