Is Now The Right Time To Buy Rental Property?
The last year or so has seen the real estate market in general start to really heat up. The Chattanooga market recently saw year over year gains in the double digits-a big move for a market like this one. Rents are up. Vacancies are down. Days On Market (a metric measuring the average number of days it takes to sell a house) have been cut nearly in half. There are many other factors we could illustrate, but we think you get the point. So what does this mean for you as an investor? More than likely it means it's harder to find a good deal. It also means you most likely pay more for the deal you do find. The question then becomes should you make the purchase? The answer, [...]