2012 Resolution: Invest in Rental Property. Is this the year you will make it happen?

Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home.

Rents are climbing, home prices are cheap and mortgage rates are low for even non-owner occupied properties. A $300,000 home with 20% down payment can easily have a positive monthly cash flow after paying all of the expenses.

There are lots of investment strategies that work but one that is easy to understand and execute is to stay with below average price range homes in predominantly owner-occupied neighborhoods. These properties will appeal to the broadest range of tenants while you hold them and buyers when you're ready to sell.

Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assess with tax advantages and reasonable control

Is this the year you will make progress on your resolution?  

Jan Baulsir has been helping people successfully buy and sell homes throughout Boulder County for many years. She has been a professional, full time agent with Wright Kingdom Real Estate for 12 years. For more information, please contact her at jbaulslir@wkre.com or call 720-564-6039.