For those investors not interested in the fast pace and competitive nature of fix and flip, Buy & Hold investment is an ideal strategy in the current housing market.
Clovis, CA (PRWEB) August 13, 2013
In light of multiple new national housing surveys, ZINC Financial, a premier private money lender, has announced that the time to consider a Buy & Hold property investment strategy is now. New data on national opinions of renting versus buying show that Americans still have limited faith in the current housing market despite continuing surges in home prices. The expert financial advisors at ZINC Financial are encouraging property investors to consider Buy & Hold strategies which allow them to earn monthly income from renters over the course of three to five years before ultimately selling properties for maximum return on investment. In order to further help investors take advantage of current market conditions, ZINC is offering rates as low as 8.99% on all of its Buy & Hold programs.
The national How Housing Matters Survey conducted by Hart Research Associates and commissioned by the MacArthur Foundation found that nearly 8 out of 10 American adults believe we are still in the middle of the housing crisis or that the worst is yet to come. While owning a home used to be a central component of the American Dream, 3 out of 5 adults now believe that renters can be just as successful as homeowners, and nearly half of all homeowners say that they would consider renting in the future. A similar survey conducted by Fannie Mae found that only 11% of respondents think that it is a good time to sell a home, and most respondents expect home prices to decline over the next year. The Fannie Mae survey also found that ever-increasing numbers of Americans are planning to rent in the future even though they also anticipate that rental prices will increase over the next 12 months making now the ideal time for investors to consider buying and holding onto properties.
Rental prices have in fact gone up, but so have home prices across the country. California markets are doing particularly well, as Yahoo! News recently reported. The median price paid for a home in California during the month of June was $352,000. That marks a 28% increase from the same month last year, as well as the largest year-over-year increase on record since the late 1980s when record-keeping began. According to the article, rising prices can be attributed to lower numbers of foreclosures, low mortgage rates, and the improving economy. Yet despite these figures, the country at large remains hesitant.
"It's a very peculiar situation," commented Todd Pigott, president of ZINC Financial. "Even though the housing recovery is going well, Americans who were burned during the crisis still feel wary to invest in property. As a result, we're seeing a lot more renters, but that isn't bad news for property investors." Pigott went on to note that Buy & Hold investors can benefit from both the increase in renters and the improvement in housing prices by undertaking a buy and hold investment strategy right now while the circumstances are advantageous.
ZINC Financial is now offering Buy & Hold loans at the reduced rate of 8.99%. With a Buy & Hold loan from ZINC Financial, investors can purchase a property and rent it out for anywhere from 48 to 60 months. During this time, investors earn substantial income month-to-month from their renters while keeping an eye on the market for the ideal time to sell. Experts agree that housing prices should continue to rise in California, which means that buy and hold investors are profiting both from rising rent and rising home prices.
Current attitudes about renting are also changing the face of rental property investment in a way that is beneficial to Buy & Hold investors. It isn't just college students and young couples who are looking for apartments in the California housing market. At a growing rate, families with enough money to buy homes are instead choosing to rent houses out of distrust for the current housing market. This opens up a new sector of rental property investing opportunities with townhomes and single family properties.
"For those investors not interested in the fast pace and competitive nature of fix and flip, Buy & Hold investment is an ideal strategy in the current housing market," Pigott said. "Our country has never seen a situation like this before. It's an unheard-of opportunity for Buy & Hold investors."
In addition to providing Buy & Hold loans to investors, ZINC Financial also offers refinancing of Buy & Hold loans, which enable investors to save money by switching to better loan terms.
About ZINC Financial
ZINC Financial, Inc. is a premier private money lender with one of the best reputations in the industry. The team of financial advisors at ZINC offers residential rehab loans to savvy investors interested in house flipping as well as Buy & Hold strategies. With in-depth knowledge of the California housing market as well as expert advice regarding ideal investment strategies, ZINC Financial is able to provide investors with the loans that they need as well as unmatched support and guidance throughout the investment process. With private money loans granted within 7 to 10 business days and approval given within 48 hours, no other lender provides the speed and level of service found at ZINC Financial. Learn more by visiting ZINCFinancial.net or by calling (559) 326-2509.