Three main questions you may have about investing in real estate are: Why invest, why invest now and why invest in Cleveland?
Due to current economic conditions throughout the US and the world, investors have watched their portfolio values dwindle. The economy is in a constant state of flux that has brought about adjustments and reversals in trends within all sectors of the market, but particularly so within housing. This has resulted in a number of changes in the real estate market in Cleveland. There is an increase in the number of renters and an increase in the number of affordable investment properties now available. Additionally, in this time of uncertainty, investors are looking more towards tangible assets.
So, why invest, why invest now and why invest in Cleveland?
Investment property ownership helps hedge against financial system collapse as people will always need a place to live.
Restricting credit markets are making home ownership less available to many; driving up demand for rentals and resulting in a positive change in rental rates.
There is a higher relative return on your investment when tax benefits and your rental income are combined. For example: A purchase of a $25,000 rental property with a net positive cash flow of $4,000 is a 16% return on your investment.
Investment property offers steady income from an asset which holds both short and long term value.
Cleveland offers good quality, affordable investment properties in a city that is investing heavily in revitalization.