Not all that difficult, just need to be able to put down 30% or more for the lenders to take a chance.Im pretty sure it’s difficult to get a loan on a rental property these days unless you’re paying cash up front. If you have the cash I’d say there are better investments out there for sure.
The rates are what killing the sales right now. Make or break a profitable rental , meaning rent to cover the mortgage payment.I don’t know much of an investment that really is with that much down required (or more) and the rates given what they are. I haven’t looked into it either so maybe I’m wrong.
i'm surprised prices have been as resilient as they have. it's not like there haven't been rental properties in the past at these rates though, at the end of the day you just need to be cash flow positive. i only really looked at buying a property for investment once, and at the end of the day it was lake county taxes that put me off of it.I love when people say I’m thinking about buying a rental property. WTF at 8-10% second mortgage that’s a rental property is a higher rate. At the high prices and taxes going up you ain’t going to make shit in profit.
A pole barn AND a grizzly bear
This 3285 square feet Single Family home has 5 bedrooms and 3 bathrooms. It is located at 14150 Lemont Rd, Homer Glen, IL.www.zillow.com