Don't Lose Heart - Real Estate Is As Hot As Ever
The housing revenues may be sliding down but if you are able to hang on to your property, it is possible to find an upturn too. This can turn your negative cash flow into positive. Presently, places like Los Angeles and Washington D.C. are experiencing tight situations. This is not only causing the rents to be driven up the profit ladder but also making the owners more choosy in terms of whom they rent the place to, observes Robert Bruss.
You can also look for a renter interested in a lease which provides the option to buy the property as well. This works well with people looking for a high quality tenant and also the chance to sell off their property. What happens here is that the renter seals on a price at which he can buy the property with an additional monthly payment or deposit. Here they treat the property like they have bought it from you and if they actually do it, after a couple of years or so, you end up saving yourself the hassle of putting it up on the market with a sales commission. So , see what suits your budget and your needs and go invest.
The housing revenues may be sliding down but if you are able to hang on to your property, it is possible to find an upturn too. This can turn your negative cash flow into positive. Presently, places like Los Angeles and Washington D.C. are experiencing tight situations. This is not only causing the rents to be driven up the profit ladder but also making the owners more choosy in terms of whom they rent the place to, observes Robert Bruss.
You can also look for a renter interested in a lease which provides the option to buy the property as well. This works well with people looking for a high quality tenant and also the chance to sell off their property. What happens here is that the renter seals on a price at which he can buy the property with an additional monthly payment or deposit. Here they treat the property like they have bought it from you and if they actually do it, after a couple of years or so, you end up saving yourself the hassle of putting it up on the market with a sales commission. So , see what suits your budget and your needs and go invest.
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