Should You Buy an Investment Property in April 2020?

Dated: April 11 2020

Views: 328

The coronavirus pandemic is sweeping the nation - and it's hitting the U.S. housing market, too. Now might not seem like the best time to buy real estate, but you might be missing out.

Should You Buy an Investment Property in April 2020?

Rates are historically low. (We know you hear that a lot. All the time, in fact. But this time, it's actually true.) Low rates tend to give buyers more buying power, and some sellers really just want "out" right now. 

Here are a couple more reasons you might want to buy an investment property in Vero Beach during April 2020: 

  • Real estate has potential to appreciate. If you buy it low, there's a decent chance that your investment will grow over time.
  • Real estate can bring you cash flow. If you rent out a property or sell off parcels of land, you can bring in income when other people are looking for jobs.
  • Sometimes owners are eligible for tax write-offs that they wouldn't get if they didn't own property. You should talk to your tax adviser, though, before you make a decision based on tax-time savings.

How Much Money Do You Need to Buy an Investment Property in Vero Beach?

There are several opportunities for investors in Vero Beach, whether you'd prefer to buy a home or land. Ask yourself if you're cash-flow positive and whether you could buy something and last 6 months without recieving rent. If you can answer yes to both of those questions, it may be the perfect time for you to buy an investment property in Vero Beach. 

Ready to Find Your Dream Home in Vero Beach?

Search:

 

Blog author image

Chip Boyer

Chip is the IT Manager for Alex MacWilliam Real Estate. He handles the technology needs of the company as well as helping agents in their day to day problem solving.....

Latest Blog Posts

3 MORE Dangerous Flowering Weeds to Look Out For

A lot of times it’s easy to spot weeds in your yard. Some have imposing jagged-edged leaves, or furry foliage. Others have thorny stems. Many times they stand out simply because they tower

Read More

3 of the Most Dangerous Flowering Weeds. Could They Be in Your Yard?

Weeds tend to stand out. Sometimes they have off-putting hairy leaves. Sometimes they have thorns. Sometimes they have both. Most times, though, they’re just plain ugly. But sometimes weeds

Read More

3 Things Homebuyers Are Looking for Right Now

Homebuyers want luxury in today’s homes, and a residence that provides creature comforts and convenience. A place that makes them feel pampered. Before you put your home on the market,

Read More

2 More Ways to Stop Receiving Mail for the Previous Residents of Your Home

You receive more mail for the previous owners of your new dream home than you do for yourself. As you settle into your new residence there are a million things you have to take care of and it would

Read More