Rental Homes-Should we buy them?? What are the perks and drawbacks?

Lately I’ve been noticing that clients are getting ready to take the plunge into buying a secondary home whether that’s for rental income or vacation home. I know there’s a lot of trepidation with the new interest rates but I think with the prices going down, interested buyers are getting ready to pounce on the good deals. We’ve been hearing a lot about new rates and what that means. I encourage people to talk to a lender to see what they might discover. It can be daunting but it’s also very exciting.

I came across this article which I think clearly points out what might be good and bad about purchasing a secondary home. It points out the drawbacks and the perks, which I appreciate, leaving the buyer to make the decision. Even if you’re not ready to buy your second home, this could still be something helpful to read and keep in mind for when you are.

One of the biggest challenges of renting a property is knowing which type of properties are available for rent in the first place. Fortunately, we found an article that breaks it all down: https://bit.ly/3MGiVgg. https://bit.ly/3MGiVgg