In a recent interview with CNBC, Warren Buffett was asked his advice on whether a young individual investor should buy stocks or his first single-family home. Buffett recommended buying a single-family home with a 30-year mortgage, and if possible, buying a couple of them at distressed prices and finding renters.
Warren Buffett is known for his success in investing in assets he believes to be undervalued, so with the US residential real estate market at record lows, why not listen to Buffett’s advice and invest in rental real estate? The absence of big institutional investors in the US residential real estate market makes it less competitive than other investments including the stock market!
Rental real estate is a wonderful way to invest your money and grow wealth over time, but only if adequate property research is performed beforehand and an appropriate deal is made during the sale of the property. A good real estate investment will earn at least a 5% return on the rental figure each year. The good news is that home prices in Orlando are beginning to trend up and long-term mortgage rates are at record lows, so now is a good time to think about taking Warren Buffett’s advice and investing in a rental home in Orlando, Florida.
At Rental Home Management Services, our team of Orlando rental real estate professionals is dedicated to minimizing your stress while maximizing the return on your rental home investment. We help Orlando rental property owners by finding quality tenants, collecting rent payments, arranging for maintenance and repairs, and more! Give us a call today at 407-261-5610 to learn more about our Florida rental home management services!