At the end of 2007, there were 128.6 million homes in the good ol' USA. 17.7 million of those homes were vacant, 75.2 million of those homes were homeowner occupied, and 35.7 million were occupied by renters.
Note that 35.7 million were occupied by "Renters". As I mentioned in earlier posts, people are being forced to rent as a result of losing their homes or having less than perfect credit making it difficult to buy a home. This is a factual overview that supports the notion that renting your investment property can be a great alternative to trying to sell it in this depressed market.
Rents are on the rise, and an investment in rental property now will not only allow you to capitalize on the cheap prices, but also allow you to make an 8% to 10% return annually from the rents you can now command.
Wednesday, April 16, 2008
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