Many people are wondering if now is a good time to invest in real estate. After all, the economy is still bouncing back from the effects of the pandemic and many people are out of work or working from home. So, is now a good time to invest in real estate? We understand the hesitation with all the news out there but we are here to give you some info on if it’s a good time to invest.
The answer may surprise you. According to experts, now is actually a great time to invest in real estate! Here’s why:
- Interest rates are at historic lows. This means that you can get a loan for your investment property at a very low-interest rate. Low-interest rates mean that your monthly mortgage payments will be lower, which means more cash flow for you. However, due to the economy interest rates are on the rise and continue to trend up, it’s a great time to invest NOW and not wait.
- Home prices are still relatively low. Although they have been slowly rising over the past few years, home prices are still below pre-recession levels. This means that there are some great deals to be had on investment properties. There is a lot of available real estate in major markets due to the pandemic and hesitation to buy.
- Rents are rising. As the economy continues to improve, more people are moving out of their parent’s homes and into their own apartments or houses. This increased demand for rental units is driving up rents, which means more money in your pocket each month. Buying a property and renting it out for more is a great way to create cash flow if you have the assets to buy. Fixing and flipping a property could also provide a high payout if done correctly.
- There is less competition from other investors. During the recession, many investors pulled out of the market altogether. This left a lot of room for smaller investors like you to enter the market and make some great deals. You don’t have to be wealthy to get into real estate, the truth of the matter is, you don’t have to have money at all. There are several ways to invest in real estate while bringing little to the table. All it takes is the time and effort to educate yourself on the real estate market and get invested with your time.
Now is a great time to invest in real estate! Interest rates are at historic lows, home prices are still relatively low, and rents are rising. Plus, there is less competition from other investors than there was during the recession. So if you’ve been thinking about investing in real estate, now is the time to do it!
How You Can Invest With FlipCo
FlipCo Financial offers hard money loans for real estate investors who want to get into the game but don’t have the capital to do it themselves. We offer quick turnaround times, great interest rates and minimal paperwork to get approved. Our team loves helping people achieve financial freedom through successful real estate investing. Don’t keep putting off your investment. Contact us today and learn about how you can get started!