Buying Property for the college grad as an investment

Many buyers have been coming to me over these past few months looking to buy lower priced condos and homes around Puget Sound.  With today's low interest rates or line of equity cash purchases this is a great investment for you and a safe and friendly environment for your kids.

Many of the jobs for younger employees are near the urban hubs of Bellevue, Kirkland and Seattle.  Although there are plenty of apartments to choose from, they can costs thousands to rent.  I am sure you can find plenty of financial calculators like investment calculators on the iPhone and don't need my help understanding the numbers of buy vs rent.  What has been the bigger concern is the risk of "what happens if she moves" .  The key is to buy one of the chosen few in type and location.  It will make it easier for you to keep the property rented or retain better odds of selling success and that investment gain.
 

Posted on June 29, 2012 at 8:55 pm
Michael J. Link | Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *