Rich Gribbon
Dec 1, 20101 min
As an investment, the combination of low sales prices, low rates, and increasing rents makes today a great time to buy!
A deep, well-priced inventory is available.
Rents locally have stayed strong. (more from the Daily Camera)
Interest rates are at 50+ year lows.
Cashflows can be positive from purchase (thanks to stable rents, lower rates).
In addition, the recent Fannie Mae change (effective Dec. 11) to allow 100% gift funds for down payments makes it even easier to qualify for the financing.