#ChickChat Episode 71- Buying an Investment Property
All right, so a lot of people say that the housing market is just so high right now, it's so hard to break into. But I want to tell you why right now is an amazing time to buy an investment property.
It all really comes down to the low mortgage rates. Now, if you buy a house, an investment property, and your mortgage is $1,000 a month and your current rent is $1,500 a month, you are looking at a cash flow of about $500 a month, depending on your taxes, all that stuff. Did you know that rent has never gone down? Rent always increases. Year after year, that rental price is going to go and go and go and that is going to give you a hedge against inflation, which is one of the biggest things that investors talk about. Real estate is how the rich get richer.
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