Note: This article is courtesy of Iris.xyz
By George Guerin
Real estate is red hot right now. Unlike post-2008 when it was a buyer’s market (to put it mildly!), today it’s not uncommon for sellers in “hot” areas to get multiple offers on a property and end up getting as much as 20% over the offering price.
Prices are skyrocketing again and, even better (at least for the property owners), rental rates are on the upswing as well. For anyone with the assets to invest in rental property, the environment begs the question: is now the time to jump on the real estate bandwagon?
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[related_stories]The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.