It's an Investors Market in Charles County!
If you are an investor of residental properties in Charles County, the market couldn't be any better than it is now! There are plenty of bargains on the market for the taking, especially if you are not afraid of a fixer upper. And on the other hand, the rental inventory is at it's lowest in years, having recently dropped to less than 90 units in Charles County, and less than 50 in Waldorf. As a result rental prices are on the rise.
Investors are moving in and buying homes at unbelievably low interest rates, making some minor updates, paint, carpet and cosmetic repairs, and renting them within 30 days creating a positive cash flow for themselves of $200, $300, $500 and more a month!
Investors are either paying via mortgage loans or cash. We are also seeing investing groups (individuals, pooling their money together) who are making these kinds of purchases.
If you are in a position to buy two, three or four of these homes or townhomes, and turn around and rent them out, your monthly income could be as much you are currently making at a normal 9-5 job. There are tons of possibilities.
DeHanas Real Estate Services works with investors, helping them to reach their investment goals. Call today for more information, or to get started. 800-842-0190.