Investors - Twin Cities Real Estate
10 Ways to Increase Rental Revenue
Owning real estate can be a great way to build your wealth. Here are some ideas on how to make owning rental properties a bit easier on your pocket book.
Timing the Bottom of the Market
In just the past few weeks we have seen continued gyrations in the stock and bond markets. We’ve seen a Federal Reserve that continues to chase the snowball downhill and one that will continue to cut rates in the weeks and months ahead because it waited too long to act. We’ve seen mortgage rates on 30 year fixed rate loans reach 5.25% before spiking back to 5.75% within 24 hours. And we continue to see many real estate investors on the sidelines wondering what to do in this marketplace. “How low will she go?” they ponder.
Auction Euphoria
As real estate buying opportunities continue to flood the horizon, beware not to get caught up in the hoopla and hype that accompany auctions. A very successful auction was recently held in the Twin Cities where over 350 houses were auctioned off to an anxious crowd of bidding investors.
Second Home Sales Poised to Recover
Sales of vacation homes dropped nearly 31 percent last year, while investment-home sales fell just over 17 percent according to the 2009 National Association of Realtors Investment and Vacation Home Buyers Survey. While the market was down in all segments, these two categories fell by a greater amount than the sales of primary residences, which fell by just over 13 percent.
