These days, there are a variety of property investments available. Option vary from investing in property overseas, to commercial property, from vacation homes to land. As you are looking for property investment opportunities, don’t overlook the buy-to-rent market.
The buy-to-rent market refers to property buyers who make a purchase with the sole intent of renting it out. Renting a property is a great way to make a primary or secondary income. By securing a low-rate mortgage it is possible to have the house paid for by tenants, and shortly start turning a profit on the property, while over time, the home gains a further value on its own.
A report released by Morgan Stanley indicates that the number of people who are buying homes with the intention of renting them is much lower than it could be—meaning there are many properties out there that are prime candidates for the rental market, but no one has yet scooped them up to take advantage of that housing need.
Experts with Morgan Stanley estimate that over the next several years the buy-to-rent market will grow more than fivefold—from an estimated $17 Billion as it stands today to well over $100 Billion. Experts expect to see a substantial amount of growth in this area in the next three years specifically.
There are many rent-to-buy opportunities in Jacksonville as well as Property Management services to reduce the stresses of managing a rental home. If you are interested in learning more about Buy-to-Rent, Property Management or how the professionals at Traditional Realty can assist you, contact us.