A variety of factors in the economy and real estate markets make this a great time to invest in a rental property. Historically low mortgage rates mean an increase in potential profitability for your rental income. Housing is also shifting towards a buyer’s market, which makes it easier to find a property at a fair market rate.
Also, with the possibility of a recession in the next few years, the stability of high-demand rentals makes property investments a safe and profitable investment.
A recent article at Forbes.com explains in more detail:
For the first time in years, the housing market is cooling. Odds are, you’ll be able to find a property in your area at a fair market rate, where you’ll at least be able to use the rental income to pay off your mortgage and still have some profits from the rent payments alone.Read more at Forbes.com »