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Should You Buy an Investment Property in April 2020?
Dated: April 11 2020
Views: 318
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.
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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.....
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