How to Evaluate the When and Where of Buying Investment Properties

Rental properties continue to be one of the best investment opportunities available. According to Forbes, eighty-nine percent of investors have at least part of their portfolio in real estate. I have owned, and continue to buy, many homes in central Ohio.  I have used the money to fund my children’s education, as well as other causes that are dear to my heart.  This is why I buy rental properties in central Ohio:

1.      Economic Diversity: Obviously the economy is the largest factor effecting the value of real estate. I like investing in central Ohio because we are not dependent upon a single industry.  Unlike areas like Detroit, where their fate is tied heavily to manufacturing, the diversity of our industries shield us from economic trends that dramatically slow down our economy.
2.      Economic Stability: Also effecting our economy is the fact that two of our largest industries are the state capital and The Ohio State University.  They are rarely impacted by normal economic trends, and therefore create a stabilizing force in the economy.
3.      Migration: Central Ohio, for the reasons mentioned above, continues to grow.  This will continue to drive up both home values and rents.
4.      Home Ownership Trends: The trend among many people, especially the millennial generation, is to choose renting over buying.  This trend will continue to add to the demand on rental properties.
5.      Rising Prices:  Home prices are continuing to rise, which will cause more people to choose renting over buying. This also adds to the appreciation of the property, which you will ultimately be selling.
6.      Lending:  Lending ratios and credit scores, although they have loosened some, continue to be tight.  This also will force more people into renting.

If you are interested in a great long term investment, you should consider real estate.  Please feel free to contact us anytime to discuss your real estate goals.

About The Alfriend Group

Kyle Alfriend has been selling and marketing homes for over 20 years, successfully selling and buying homes in a variety of market conditions. He has sold over 1,200 homes, totaling over $250 million in homes sales. In Dublin, he has sold more homes that anyone ever. He has represented the areas largest builders, built his own homes, and owns and manages several investment properties. He has been awarded the "Top 10 M.A.M.E. Award (Major Achievements in Marketing Excellence) by the building and Realtor associations every year since 1993. He believes that everyone deserves the very best in knowledge, experience, and integrity when buying or selling their home. The Alfriend Group was started 5 years ago as a real estate team of professionals, specializing in buying/selling homes, property management, and real estate investments. For more information, call us today at (614) 395-1776.

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