Smart Move

There is quite a bit of evidence that some housing markets are cooling off. This may be true as we enter 2019. One segment of the market that continues to grow however is the investment real estate market. There was nearly a 35% increase in Columbia County of the number of multi-family properties that sold in 2018 as compared to the previous year. Why is that? First, there was a dramatic drop in available rental inventory, thus driving up the prices of existing rentals. Savvy buyers recognize that owning investment real estate properties helps increase wealth and helps to prepare individuals for financial security in later years. Owning Investment properties is not for everyone. A good start is to speak to folks who are currently landlords. Then connect with an experienced agent or broker who knows the market your interested in exploring. It can be both lucrative and rewarding. Certainly well worth exploring.