You know how they say that “Ninety percent of all millionaires become so through owning real estate.” Of course, as a real estate investor, you know this. You also understand how important it is to know and stick on to current trends. Now here’s a helpful list of three big trends that have dramatically crashed the real estate investment market over the last five years.
You Won’t Catch the Same Deal You Had 5 Years Ago:
A few years back, the real estate market was beaten with bank-owned properties and short sales. This directed to bargain-basement pricing for investors hoping to grab up a home for a steal of a price. Investors would then flip the property or rent the home out to make income.
Possibly, you were right there among the flippers and were easily unloading renovated properties. Sadly, that has changed in today’s market. Now, usual home buyers have the upper hand and investors are waiting for the market to change once again. Of course, as an investor, you can still make money; you just have to go about it in a different way.
Rental Property is All The Rage:
While home buying for the sole purpose of flipping has diminished to some extent over the last five years, renting as a figure of investment is on the rise. This means investors who presently own property are hanging on to their real estate and reaping the rewards, since they now can charge and obtain higher rent for their properties than before.
To some extent, Memphis is one of the fastest growing locations in the nation in regards to renting. This means, by owning rental property in Memphis, you can rake in a tidy profit. Speaking of demanding more rent…
It’s a Good Time to Cash Out If You’re Ready:
Suitable to the fact that investors can charge a high amount for rent, the demand for quality rental investment property is on the rise. Therefore, many investors are taking advantage of the break to sell their rental properties while the price is high.
There more sellers interested in cashing out, seeing this as the right time to sell their properties.” If you currently own rental property and are ready to sell, it looks like now might be the ideal time.
Of course, this list isn’t far-reaching enough, but it does dip a good picture of what’s going on in the market right now. The main thing to remember is to constantly educate yourself in order to get the most out of your real estate investments.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com