If you look at the SOLDS for the period of 3/28/24 to 4/10/24 that I am posting, they look uneventful. But the market is hopping! There are 37 Under contract and 34 Pending! The Actives finally jumped over to the 17,000 mark last week, 17220, the time I checked, but they are back at 16,898 today!
Are the low interest rates keeping you stagnant? I know it is so hard to give up that inexpensive money, but is all that equity working for you? What would happen if you took that equity and purchased a couple of rental properties? Yes the rates are higher, but you can write off the interest anyway. And there is depreciation. I recommend you do a spreadsheet and chart out where you will be in 5 and 10 years if you keep your low interest rate and sit and if you sell and use your equity to purchase one or two investment properties. If you don’t like being a landlord, you can always purchase land. I don’t like vacant land as much because there isn’t an income but it certainly can be easier to manage. Call us to help analyze your Real Estate portfolio and how you can improve it. I am a CCIM, Certified for Commercial and Investment. My team also understands the dynamics of investing in Real Estate. Call us today to see how we can help you grow! We can also point you in the way of some financing options! Ryan 480-204-2619, Kendal 303-549-8224, Janet 602-980-7653
