Home and Rent Prices Going Up!

With Home and Rent Prices going up. here are a few things to consider.

As you can see inflation typically causes interest rates to go up. Secure your loan ASAP to stabilize your budget.

If you are a renter,

you could find yourself being put out at the end of your lease.  Landlords are both selling rental properties and renovating to maximize what they can get for rent.  Leaving you with no choice but to pay $300 – $800 more in monthly rent. would you like it better if your payment was the same for 30 years.

If you are a homeowner,

And Pay less than $1700.00 per. Mo. to your mortgage company. Your home most likely would make a great rental.

Your now thinking where would you live. The first step would be to buy an upgraded home to live in. Don’t wait start before rates and prices go through the roof.

Why would you want to invest in another property?

You may have noticed the prices of everything have gone up considerably rent and home prices Included. Rental Property with positive cash flow both bridges the inflation gap and grows your retirement portfolio.

The #1 Question People Ask – Is This A Bubble?

The answer is no. We are now dealing with cost of building materials and other cost factors. 

In other words inflation is the cause, not bad loans.

Everything has gone up a lot and may come down a little. However the thing to watch is interest rate. A home may look more expensive. 2x4s and cabinets cost more. This means new or remodeled homes have to cost more. Lower interest rates increase buying power. Keep in mind the mortgage on the rental property is paid by the tenant.

It is like having two credit cards but someone else pays the bill on one of them, as well as a few hundred extra toward card or house two.

Arrange a meeting to discuss a plan of action that is best for you.

Home and Rent Prices Going Up!2022-04-22T13:52:11+00:00

Single Family Houses Make Good Rentals

Rentals Are Everywhere!

A Townhouse or Condo for rent is easy to find, a Single Family House not so much.

Many who rent today crave the features  home owners enjoy in single family  houses, a garage, yard and elbow room. They typically need single family rentals.

Sue Maclary with our team is a class trainer on purchasing houses, as well as assisting those not ready to purchase a house secure a rental in Virginia Beach. 

Do you want to rent a single family house in Virginia Beach contact Sue Maclary for assistance.

Is the reason you rent a place instead of purchasing a house of your own that you think you can’t afford one? 

More often than you might think it costs more to rent a like kind house then it costs to purchase it.  If you would like to learn more about Low or No Money Down Programs  click the link and request a spot in a class.

We also have trainers on staff who would be happy to meet one on one at a convenient time to explain the process to you.

Single Family Houses Make Good Rentals2019-02-10T22:07:05+00:00

Do You Pay $800 or More in Rent?

Anyone Who is Paying Rent Should Take A Minute And Read This!
Are you tired of living with the landlords rules?

More often than not people who rent rather than purchasing a house believe they have no other choice. Thinking they do not qualify due to income, credit or money for a down payment. In Many cases they are wrong.

In reality when you own a place of your own can be as simple as picking up your phone and asking how to get started.

People in general hate to be told no, and they never ask for help from a professional. A well known fact of life is that if you don’t ask you don’t get. Our team of Realtors offer a once a month FREE 6 hour class about the home buying process. There are several options available with low to no money down. The bottom line is it will cost you nothing but choosing one of our Team Members to spend a little time on the phone with and find out what options you may have that you are unaware of.

Some of our clients have gone from renting a room in someones home to purchasing a house and renting the empty rooms to others. Creating a lower cost of living as an owner instead of a renter. One of the most popular reasons people are thrilled to find themselves living where they can paint the walls whatever color they like. Pets by far in our experience is the biggest driving force to own instead of renting. When you pay rent look at it like you are contributing to the retirement fund of your landlord instead of yourself. Consider sitting in on one of our free home buyer classes.

Start investing in your future make home ownership your foundation.

The Moral of this story is Stop Paying Rent and Purchase a House of your own!

Calculate how much of a mortgage your rent payment equates to.

If credit an issue with a score under 600 as of now it is possible.  This option could change in the near future send a request for a call to find out if you qualify.

When you qualify we will  set you up with a lender referral.


Do You Pay $800 or More in Rent?2019-02-16T20:52:40+00:00
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