More statistics are popping up supporting the idea that now is the right time to invest in properties. Since home ownership is down, and rental rates are up, it’s time to take advantage of the rental pool.

According to this ABC15 interview and article, property values have dropped a STAGGERING 56% since 2008. That’s correct, 56%.   All the home owners that at one time should only had been renters in the first place, because of their ability to gain a subprime loan, are back in the rental pool, because they lost their homes to the foreclosure proceedings.

As an investor in property rentals, you will want to make sure you take certain factors into the equation when making an educated financial decision, not emotional decision, regarding your purchase.  Potential lease costs, repairs, taxes, insurance, vacancy months, holding costs, etc. are all things to take in to the equation prior to making the right decision.  When you can find the right property that can fit in to your investment strategy, you’re setting yourself up for long-term success.

If you need assistance in seeking the right opportunity, there are plenty of properties on the market that are ready for you to take advantage of.  If you aren’t aware of those opportunities, our investment agents can help you seek them out. A long term investment strategy can be very rewarding, with the right opportunities in hand.  With the market conditions in the Phoenix Metro area being extremely advantageous to those that are interested in investing, the time is right

http://www.abc15.com/dpp/lifestyle/family/home-ownership-down-in-the-valley-rental-rates-up