According to RealtyTrac, the nation’s largest database of current real estate data, the current decline of interest rates combined with the continued drop in real estate values has made 2011 a great year to consider investing in real estate if you can.
For those considering investing in real estate, the National Association of Realtors forecasts a decline from 5.8% to 4.9% of vacancy rates during the first quarter of 2012. These are positive numbers for anyone considering purchasing an investment property they might want to rent out.
If you have decided to jump into the real estate investing arena, you might want to consider making your investment property a corporate rental vs. a traditional rental. There is high demand for corporate furnished rentals in key markets like Atlanta, Denver and San Francisco. We know this to be true, as we are constantly getting requests for properties in key cities and the current supply isn’t enough to meet growing demand.
Check out our past blog post about some considerations to make BEFORE you purchase a property specifically for use as a corporate rental. Our tips still ring true today!