Rental property investment opportunities come up in the oddest times of our lives. Just inherited a small fortune from a relative? Have you been saving your money and now you’re looking for something to invest in? Do you want your money to work just as hard as you do? Putting that money into a rental property might be the investment opportunity you have been looking for. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.
Rental Property Investment
A single-family home can be used for a rental property. They also have distinct advantages over other types of investments. An investor can borrow up to eighty percent of the value at fixed interest rates thirty years. You can benefit from more than just the down payment of the home—leverage is made by the financing so that the investor can benefit from the increase in value of the home.
And don’t forget, homes appreciate in value. They also provide great tax advantages and practical control that you will not find in other investments like the stock market. For example, consider a $140,000 home purchased for cash that would rent for $1,400 a month. With $18,000 income and allowing for property taxes, insurance and maintenance, it is still reasonable to expect $10,000 net income. Now that’s an investment that is working hard for you!
If you are looking for a rental property investment, you are still going to need to find an agent. Even if you aren’t planning on living in the space, you are still going to be going through the same home buying process. Finding perfect agents can be difficult for this important step that you are taking and you are going to want to do it right.
