When is the best time to invest in real estate? People ask this all the time. The real estate market is no different than any other type of market. You buy when you can get a deal; and you can get a deal, when the supply is greater than demand. When is this perfect market going to come? Well, it is already here in many areas of Santa Clara County.
Granted, I am always the first to tell you to buy in the best area that you can possibly afford; this typically means the areas with the best school districts, in my opinion. However, your rental unit does not necessarily have to have the best school district in order to be in demand, nor be able to build equity as the tenants pay off large portions or most of your mortgage payments. It depends on the amount of money available for down payment to control the monthly payments. After all, it is all about holding onto the property without sinking too much money into it while gaining equity appreciation.
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