With sub prime lender issues and the credit crunch, I think we all agree that this is a very difficult time for the average buyer to qualify for a loan. People still need a place to live, and if they cannot buy they must rent. In the near future a spike in the rental industry is expected, all those buyers who can't qualify must live somewhere. That is why I believe now is the perfect time to invest in residential income property. More renters will mean higher rents in the (near?) future providing an increase in profit for residential income property owners.
What do you think?
I have noticed many visitors to this blog site, but very few (in any) comments. I would like this to be a forum of ideas regarding the city of 29 Palms, the Hi Desert, Inland empire, or just Real Estate in general. We are currently experiencing a tough market, but there are still deals to be found, ask me how? Perhaps you are new to the desert and just have general questions, ask me. If I don't know I will find the answer to your questions.
Mike
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