Attention Investors!! Rental Vacancy Rates Hovering Around 3%
It is an opportune time to be purchasing investment property. Rental vacancy rates are at historic lows with the current rental vacancy rate hovering just above 3%. Also, monthly rental rates have increased 10% within the last 3 months due to the supply and demand curve shifting to the landlord side. To add some more icing to the cake, home pricing and interest rates are at all time lows.
Do you have cash in a savings or retirement account Which is collecting returns of .75%-2%? If so, convert your money into a tangible asset (an investment property) and obtain nearly a 10% return on your money (not to mention the future appreciation of your asset).
Questions? Call me directly to discuss taking advantage of the current investment opportunities!
**Graph provided by Park Place Property Management