Thursday, June 26, 2014 - Article by: Tim Carroll - CMG Financial NMLS#1820 -
Sonoma County Rental Property: Investment Idea Worth Pondering
When any investor first begins to mull over the idea of acquiring a rental property in Sonoma County, it's usually in competition with an array of other investment types--each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)--but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.
What is exciting about rental property is why it has always been recognized as a sound investment. When the income from a Rohnert Park rental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property's investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value.
And with the best Sonoma County rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream. Needless to say, choosing the right rental property in Santa Rosa is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense:
If you are thinking of looking at rental property in Sonoma County this summer, they're definitely out there. Call me today to discuss some of the many opportunities! (707) 695-4922.
www.facebook.com/homeloansrohnertpark.
Tim Carroll
Area Sales Manager
Affinity Lending Solutions
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