www.REIClub.com – Why Is a Real Estate Rental A Good Investment In A Down Market? Here’s Why Real Estate Rentals Are A Good Option For Real Estate Investors… Current Real Estate Rental Market Sources from Fannie Mae and Freddie Mac expect the total number of renters households to increase by another 4.4 million in the next few years, from the already 37million. With the current Unemployment rate being at an all time high, more families are turning to renting than buying because of a) affordability b) flexibility. Buying a home has more liability especially for someone who is unemployed, so renting is safer. Right now, the rental property market is one of the only areas of real estate investing that has increased in the past year. It is expected to grow even more until property values decide to stabilize. One of the main reasons to rent properties is to collect on the appreciation, AND you also get pretty good cash-flow. Why Not Sell in a Down Market – Right now is NOT the best time to sell – Buyers market – Miss out on appreciation – Unless you bought the house during a down market – you’re selling for a loss Pros to Rental Properties – Passive Monthly Income – Commercial Rentals have Exponential Growth – Appearance – does not have to be as nice as “for sale” property – Good Tenant – maintains home and pays rent on time – Security – more options if market changes than stock or bank institutions – Tax Perks – Depreciation – annual tax deduction for the loss in value of …
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Question by Sky I: my home insurance company is terminating my policy because I need a new roof?
My home insurance company sent me a letter saying they are going to terminate my policy in few weeks because the roof is worn and needs to be replaced, but I bought my house a year ago and it passed inspection and my inspection paper says i have 3 to 5 more years left on my roof so i don’t understand why or how my home insurance company can just terminate my policy. By the way the home insurance company is TRAVELERS if that helps.
Best answer:
Answer by Zarnev
If the insurance company thinks the roof is in poor shape and is a high risk of future claims there is nothing much you can do. They don’t have to listen to any inspection results. You need to contact your agent. Many times the agent can help get you a stay or at least a delay in the cancellation.
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