by Erin LaBuda

I know I've thought about it. 

With the number of "distressed" or "abondoned" properties and low interest rates (for investors too!), it seems to me that there is no better time than the present to start investing in real estate.  In fact, coupled with the above reasons, here are several other reasons why, if you have some disposable income and would like to build your OWN asset portfolio you should be buying investment property NOW:

1) Many individuals who would have qualified for their own loans a few years ago are no longer able to secure a loan to buy their own home. This means that the demand for rental properties is on the rise.

2) There can be tax benefits.  Make sure you talk to your accountant but in many circumstances, the rental property will help you when you are filing for your tax returns and/or help decrease your tax burden.

3) Did you know you can buy an investment property WITHOUT 20% down?  Well, you can.  There are properties available out there that qualify for a Homepath Renovation Mortgage where potential investors can take advantage of the lower down payment to start building their housing portfolio. You can check out more at www.fanniemae.com

4) The property you purchase in this "down" market has a strong chance of appreciating for future sale ensuring that at some point in the ownership process this home will be an income property.

There are other important things to consider when deciding whether or not you should get involved in real estate investments.  That is why it is critical that you work with an agent who not only has your best interests at heart but is aware of the costs and benefits of owning rental property.  Of course, no Realtor has a crystal ball but experience and honesty go a long way. 

If you have any questions that I can help answer regarding investment property, please feel free to give me a call...I am happy to help.