Everything You Need to Know About Purchasing Rental Property
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that there is a huge need for quality rental properties.
The amount of renters is continuing to grow.
A major reason for the large number of renters is because the prices or values of properties are increasing above a comfort level for first time buyers. The millennial generation has proven to be a little slower on moving from tenants to…