Thinking of investing in Palm Beach real estate?
Now is the time according to Warren Buffett, CEO of Berkshire Hathaway, while speaking on CNBC’s “Squawk Box” in February. He stated that buying single-family homes is such a great investment right now, if it were practical, he’d buy a couple hundred thousand of them.
Don’t Wait Too Long To Take Advantage of Low Prices
Low home prices combined with a strong rental market means cash-flow prospects for investors have improved, and now is a great time to take advantage of this opportunity.
Buffett recommended that investors buying a single-family home with a 30-year mortgage. If interest rates go down, you can always refinance. If they go up, you’ve just made a great deal for 30 years.
He said. “It’s a leveraged way of owning a very cheap asset now and I think that’s probably as an attractive an investment as you can make now.”
If you’re not landlord material but still want to invest in rental property, consider hiring a property management company to look after repairs and rentals. Caring for your investment is important, and they will see that the property is well-maintained.
Find investment opportunities in Palm Beach County
We aren’t just property managers. We are investors ourselves, so we know what to look for when it comes to a good value in real estate for rental purposes. Our real estate agents at 624home.com can help you find property that’s going to give you a great return on your investment.