Is buying a house to rent still a good investment?

susan h: Is buying a house to rent still a good investment?
My husband is retiring next month and getting a lump sum of money. Would buying a modest house and renting it out be a good investment? We live in the Austin/Buda/Kyle/San Marcos, Texas area.

Answers and Views:

Answer by Realtoratheart
It depends on what the market is doing in that neighborhood

Answer by loanmasterone
Buying an investment property is normally a good investment. With the way the property values are at current as well as the low interest rates it is a pretty good time to purchase investment properties.

Make sure you select a good area. You might also consider joining the local real estate investment group. This group might be instrumental in the correct areas to invest in as well as mentor help.

To maximize your investment funds you might would want to look into the purchase of a 4 unit house. If you live there is would be considered an owner occupied property while you rent 3 of the four. Owner occupied homes such as these have a lower interest rate.

You might be required to reside in the property for a minimum of 2 years after which you might do the same thing again.

Also FHA and VA will finance these properties, thus you would have to pay little or no down payment on the properties.

You might also consider joining the American Housing Association, which is an association geared toward assisting landlords with rental forms, credit reports, eviction forms as well in some cases vanilla legal advice.

I hope this has been of some benefit to you, good luck.

“FIGHT ON”