By Brady Erickson, Realtor As the Twin Cities continue to surge with high-income renters and demand for rental homes, owning rental property has become an increasingly lucrative endeavor. But even with the tremendous upside of owning real estate, there are many pitfalls to an oversimplified approach. Property investment is multifaceted and should be approached with…
Most experts would agree that waiting until November and December are the best times to buy a house, with it being the off-season and a lot less buyers looking during the winter months and holidays. But for those of us who can’t or don’t want to wait until then, August is a unique month because it wraps up the “on-season” of real estate, but precedes the new buyers starting their search in the fall.
There are many other benefits of owning an investment property outside of just consistent cash flow, including appreciation, depreciation and amortization.