Greenville SC Homes – Great Rental Properties
While the news media has made a feeble attempt to share positive news about the housing market, there is still a bright rainbow amisdt the continuing storm that the media still stirs up.
As the resale market is slow, foreclosures continue to appear on the market, inventories remain high and loans continue to be challenging, there is one bright spot: the rental market. Because resales are slow, the Greenville rental market is in more demand than ever causing rental rates to increase. That’s because those foreclosures have turned former homeowners into renters, but also because other perspective homeowners, worried about the flat market and also jobs, are relcutant to make their purchase.
Investing in real estate has some similarties as investing in stocks – buy low / sell high. There are some great steals out there right now on Greenville SC homes that would make excellent rental prices. Interest rates are at a 40 year low, and some homes in the Greenville area that would make great rentals are very cheap. Meanwhile demand for rentals in Greenville has risen.
That increase in demand opens great opportunities for those who have the resources or cash to jump into the rental market. Even more encouragement to jump into the rental market is the fact that Greenville continues to attract more jobs and jobs bring people. More people equals more housing needs.
While the stock market is also sitting flat, purchasing rental properties in Greenville may give you that extra cash flow that you need. Properly purchased and managed, a rental property can bring you positive cash every month. A buy and hold position may be your best bet right now. Real estate has always survived recessions and history has taught us that those who own property are the real winners when the market takes a turn for the better.
Just take a look at what has happened to real estate prices during your life time, and if you are not old enough to remember look at what has happened since your parents were old enough to purchase property. We have all made the comment that we wish we would have purchased property years ago when the prices were so low. Chances are you will be saying that again in 10 years.
While there is no way I can predict the market, nor will I try, I can confidently say that I believe the housing market will swing back. When it does you want to be the one holding the property in Greenville.
A few short years from now you will either say ” I sure am glad I bought some properties while the market was low” or you are going to say what most people have said over the years “Sure wish I had bought that property years ago when the price was low”.
Need help in learning about investing in Greenville South Carolina homes? Give me a call. I have been investing in Greenville for several years, own several properties myself and also handle property management. I would love to share ideas with you and should you decide to invest in rental properties I can make the process simple from the selection of the property to full property management.
Give me a call – Let’s talk. Jim Girard (864) 414-4675
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About Jim Girard
I have been actively assisting people in the Greenville South Carolina real estate market since 1998. During that time I have assisted Buyers, Sellers and Investors in hundreds of real estate transactions around Greenville South Carolina. My personal experiences in purchasing, selling and investing in real estate in South Carolina has placed me in the center of my clients needs, whereas I can relate to most of their challenges and keep the transaction smooth. Providing full property management services has given my investment clients piece of mind knowing their investment is fully serviced. So, if you are interested in buying, selling, or renting Greenville South Carolina homes, or perhaps want me to help you manage one you already own, OR you would like to get into the business of doing any of that, visit my web site at Greenville South Carolina Home, give me a call at 864.862.1400 or email me at jim@jimgirard.com.
