Should You Consider A Real Estate Investment In Texas?
Many people should consider a real estate investment in Texas. Real estate is considered a hard asset, and as a result, it makes an excellent inflation hedge. In healthy housing markets, real estate tends to appreciate in value. In markets like the Austin area, real estate value can often skyrocket in appraised value. Texas is a great place for investors to target. Cities, like Austin and Dallas, have seen big gains across a variety of different real estate types. If buyers are careful and intelligent about investing in real estate in Texas, they will likely see exponential returns
PURCHASING A REAL ESTATE INVESTMENT PROPERTY
One of the most straightforward ways to begin investing in real estate is to purchase the property outright. Owners can “hack the housing market” by renting the property out to tenants to generate additional income, which will allow them acquire additional real estate investments in Texas.
Duplex properties for example can allow the buyer to live in one unit while renting out the other. This can help offset the current mortgage payment and potentially qualify for a higher purchase prices if they continue to buy more real estate.
LOWER INTEREST RATES FOR INVESTMENTS
Over the past few months, interest rates have been at historical lows. Rates have been trending down, but they have dropped even lower due to coronavirus concerns. JVM Lending has been seeing rates trend down for conventional 30-year fixed loans, making home buying more affordable for many buyers in Texas.
JVM Lending is seeing conventional low balance loans at rates in the low 3% range. Despite this current pandemic, buyers can purchase a $450,000 property in Austin at a rate of 3.0% at no points. Lower rates can reduce a homebuyer’s mortgage by the thousands, making monthly payments easier for a household to manage.
Get In Touch With JVM Lending
This blog covers the basics of why people should consider a real estate investment in Texas. If you’d like to learn more about investing in the Texas real estate, get in touch with JVM Lending today. The Mortgage Analysts at JVM Lending have a detailed knowledge of the various markets in Texas. Contact us by phone at (855) 855-4491 or by email at [email protected].
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