Considering Leaving the Real Estate Business? Keep Your License and Become a Referral Agent
Statistically speaking, the majority of real estate agents don’t make it beyond a couple of years, so don’t feel bad if you’re thinking about giving
A lot of prospective buyers aren’t feeling like now is a great time to buy real estate and are either hoping for a major crash, or a huge price correction.
Only time will tell if either of those will happen to the extent some buyers are hoping for, but while they’re waiting it out, it might be the perfect time for real estate investors to get themselves a deal on a rental property.
It’s never a good time to buy real estate for everybody, and over the past few years it wasn’t ideal for investors. A seasoned real estate investor can typically find a deal, regardless of the current real estate market, but the extremely low mortgage rates caused a lot of buyer competition for the limited number of houses for sale, which made it virtually impossible for investors to buy a property at a profitable price. With rates rising and the market slowly shifting, investors will start to see more opportunities.
Here are a few reasons why it may shape up to be a great time to buy a rental property, beyond having less competition:
While there will likely be more opportunities to buy a rental property, they probably won’t be a no-brainer that just falls in your lap. Here are a few things to do and keep in mind if you want to capitalize on the shifting market:
The Takeaway:
It hasn’t been easy for real estate investors to find a decent deal over the past few years, let alone be able to buy a property at a profitable price due to competition from other buyers. But with many buyers sidelined because of the rising mortgage rates, and some property owners negatively impacted by the economy, 2023 looks like a promising year for investors to find a rental property where the numbers make sense.
(Shh, our secret)
Show your sphere your an expert. We have over 1000 articles covering every real estate topic your audience will love.
Position yourself as a real estate authority!
Real estate + topical events — the perfect match!
Become the bearer of good vibes!
Because hey, everyone loves to laugh!
Get our weekly email that makes communicating with your sphere on social actually enjoyable. Stay informed and entertained, for free.
Statistically speaking, the majority of real estate agents don’t make it beyond a couple of years, so don’t feel bad if you’re thinking about giving
Congratulations! You’ve selected a highly rewarding, super lucrative, and totally fun career in the oh-so-cool field of… real estate. If you’re brand new to this
Want a strong dose of reality? Are you sure? Because this is going to sting: In my opinion, the vast majority of agent Facebook pages
It hits you like a ton of bricks the first time you hear it could take months (or even years) for a real estate lead
As the saying goes, you shouldn’t judge a book by its cover. But when you’re hiring a real estate agent, it can be easy to
This reset password link has expired. Check the latest email sent to you.