Rental Income Dependant On Quality Repairs

EQUITY SCOUT has an excellent post on long term real estate investing and income.  Read the whole thing.  With fixed rate investment mortgages as low as they are likely to go,  it is time for investors to buy.

Over the long term, 7-10 years, mortgage interest will have more impact on net income than an even a 10% drop in value.  Now is the time to buy rentals to lock in low fixed rate mortgages over the long term.  Fixed rate 30 year mortgages are likely to rise above 7% as soon as the recession is over.

The smartest real estate investors have always bought counter cycle.  Buy low. This requires mental independence and believing income and expense calculations.   Investors don’t go broke making a profit.  This simple formula requires guts to follow when the market is down.

Subscribe to RealEstateBlocks.com by clicking that RSS feed icon!