It seems like the same old things are always on New Year’s resolution lists – lose some weight, exercise more, spend more time with friends, and the list goes on. Well, 2012 is also the year to consider investing in a Denver rental property.
Why, you ask? Denver rents are among the highest in the country, Denver home prices are affordable and mortgage rates are low (even for non-owner occupied properties). A $125,000 home with 20% down payment can possibly produce a $300 to $500 monthly cash flow after expenses are paid.
There are many investment strategies, but one that is easiest to execute is to invest in below-average priced homes in predominantly owner-occupied neighborhoods. These properties appeal to the broadest range of tenants and perhaps the tenants will even become buyers when you are ready to sell. Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.
This year, make this resolution a reality. For more information on investing in Denver rental properties, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.
If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance