Ever Thought About Real Estate Investing
With the economy still fighting to recover, investors are struggling to find profitable opportunities for their money. Even in the midst of foreclosures, would you believe that investing into real estate is a valuable option? That’s ok. Roll your eyes, but let’s take a moment to consider the facts.
Foreclosures are prominent. People are simply not making enough money to pay for their homes. They are being forced to move. Immediately buying a new home is out of the question. Moving out of town comes with high costs, both financially and emotionally, especially if the owner has a job and a family.
The only financially viable option for most victims of foreclosure is renting. As an investor, an important factor comes into mind. What counties have the most foreclosed homes? According to www.RealtyTrac.com, Benton County contains the most foreclosed homes in Arkansas with Washington County coming in at third. McNaughton Real Estate’s website, www.allNWAhomes.com, has accounted for over 1,000 foreclosed homes in Washington, Benton, and Madison County.
The availability of foreclosures are evident, but what about the demand? Having multiple, massive corporations such as Tyson, JB Hunt, and Wal-Mart stationed in Northwest Arkansas creates a significant inflow of rentals. In addition, Arkansas’s flagship university, the University of Arkansas, in Fayetteville continues to pull renters throughout the world with this year being a record-breaking enrollment count for the university.
If the demand isn’t enough incentive to invest, then consider the quick return a rental property can provide. With historically low interest rates, hovering around 4%, and low prices, NOW is the time to buy. The increase in demand has also provided a healthy increase in rental prices.
Inevitably, real estate investors gain a sense of pride in owning something tangible like land and/or a house compared to owning a small sliver of a corporation that stocks give. These investors also have greater control in managing the value of their assets with the option to enhance, add-on, and renovate their property. In addition, many real estate investors feel compassionate about offering an affordable home for families in need of shelter during this economic dip.
For everything that has a pro, there is always a con. Many investors find it difficult to make time to search for quality tenants, have access to a network of contractors for maintenance, and be available for major and minor emergencies. Fortunately, McNaughton Real Estate can alleviate the stress with their expertise in property management. With McNaughton Real Estate you can expect:
· A Property Management Team with 25+ years of experience whose primary focus is to protect your investment.
· A vast network of local contractors, which can help you find the most cost-effective bid.
· A quality tenant due to helpful insights with our credit and background checks.
· Inspections to ensure security in your investment.
· A 24/7 maintenance request line.
· Abundant leads with our strong presence on the Internet and with our 35 years worth of referrals.
We want to help maintain your focus on building your portfolio. Allow us to protect what is yours and to advise you on any new opportunities that hit the market. A professional Certified Investor Agent Specialist will be here to help you every step of the way.