Money Making Opportunities Abound in Renting Houses

With home prices at historic lows, serious money making opportunities exist in renting houses. Investors are urged to look at opportunities in their area to identify targets for purchase.

Houston, TX (prHWY.com) March 12, 2013 - With home prices at historic lows, serious money making opportunities exist in renting houses. Investors are urged to look at opportunities in their area to identify targets for purchase. Interest rates are prime for investment opportunities for those with the capital to buy now, renting to those with poor credit or to those without the ability to purchase for themselves.

The Federal Reserve has issued statements suggesting that interest rates will remain at historic lows through 2016, giving investors a chance to borrow money at historically low rates. This means that for those with the means to obtain credit to purchase homes have a prime opportunity to do so with little to no risk.

Because banks have kept credit tight since the economic downturn of 2008, buyers are finding it more difficult to obtain financing without significant money down. Due to this credit tightening, more families are looking into renting houses in order to find the space necessary to start families. This is creating a great demand for rentable houses that is currently not being met by the current supply.

Even those without the means to purchase a house are finding opportunities to make money. If you own a house and can afford to downsize without selling, you may find that opportunities exist to rent your house to those looking for a home. You can then move to a cheaper apartment and pocket the remaining money each month. In this way, people are finding that existing homes are turning into extra money making opportunities.

Those who are interested in this extra cash flow are urged to consult websites and renting agents to see if their existing homes could be a potential target for this rental. If so, it is suggested that these people look to find an affordable apartment as soon as possible in order to capitalize on this opportunity before it passes. Home prices are starting to rise, meaning that now is the best chance many investors will have to make money in this down market.

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Tag Words: renting houses, rent your house

Categories: Real Estate

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