Mortgage rates continue to rise as the hope of fast economic growth with high inflation is anticipated. According to the Mortgage Brokers Association, as of 2.17.21 “the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020.” With already low supply and high demand for homes, it’s become harder for potential homeowners to purchase a home. What this doesn’t mean is that the demand for more space at an affordable level is dropping. The trend of people and businesses leaving areas like California and heading to Texas is all the proof we need when it comes to affordable housing. That’s why now is the time to invest in stable markets with affordable pricing for renters.
Forbearance Rates
Approximately 2.6 million homeowners are in forbearance and homeowners can continue to defer payments through June 2021. As the outlook on mortgages looks dim for homeowners, this is a great time for rentals. For those looking for more space right now, rental properties offer the luxury of what they want without the 30-year commitment that comes with it.
Renting, Rehabbed, Ready
Our team has decades of experience working in the area and is vastly knowledgeable about the places that will yield the highest returns for their investors. Stop betting on the stock market and invest your money in real estate that’s consistent. The northeast Wisconsin market is stable with opportunities for high returns. When you work with us, you can expect a seamless process, already rented properties, and no stress. Sit back and let us manage your property and tenants while you enjoy the benefits of passive income.
The northeast Wisconsin area is rich in jobs that provide stability and security for many families. We handle all of our investors’ properties so you don’t have to communicate with tenants, collect rent, or deal with maintenance issues. Schedule a 30-minute consultation with us today to learn more about our team and help us get an idea of what your best investment options are.
