I have been active in the real estate industry since 1978. In that time, I’ve seen the value of homes increase in value at remarkable rates. My favorite benchmark is the Cordova LaFamilia floor plan in Mission Viejo. In 1978, Mission Viejo Company was selling the LaFamiia for about $80,000. The last 4 LaFamilia sales in 2020 averaged $750,000. That’s a 950% increase in value. That in itself would be an excellent reason to consider real estate as an investment.
However, there are two other very important reasons:
In our current market, rents are high and interest rates on mortgage loans is at historically low rates. As a result, this is an excellent time to buy an income property that will serve you for years to come and will probably ultimately become a valuable part of your investment portfolio.
As always, it’s important that you make the right investment decisions for you. We are available by phone 949-500-6365, email Frank@FrankDiLauro, or through our website, www.FrankDiLauro. Please feel free to contact us for all your Real Estate needs.