Could you profit from the "fastest-growing trend" in real estate?

It's the "build-to-rent" movement. Let me explain.

Friends and Clients — Do you know what the "fastest-growing trend" in real estate is at the moment? Well, according to an article that just came out on CNBC, it's the "build-to-rent" movement. Let me explain.  More and more home builders are now building new single-family homes—specifically so they can rent them out. Last year, about 43,000 single-family homes were built for rent, the largest number in nearly 40 years. This makes good sense for several reasons: 1. Rents are increasing nationwide. Home prices grew 2.7% this year. While this is a respectable number, it's also the weakest increase in seven years. On the other hand, rent is surging and grew 3.2% nationwide year over year. In other words, rents currently offer some of the best returns on investment in realestate.  2. Demand for single-family homes is growing like crazy. More and more renters may prefer to raise a family or live in a single-family home versus an apartment complex or community or building. The increase in both single-family home sales — as well as the growth in rent — is proof of this. 3. It's an investment that can pay for itself within seven to 10 years. The math for build-to-rent homes is simple: For investors who hold these properties even for just seven years, the residual cash flow could be worth more than the sale one time. These reasons explain why big builders and investors are so keen on "build to rent" right now. But is there a way you too could benefit from the same underlying market conditions? Well, one smart option is to invest in a single-family home yourself and then rent it out. This might make a lot of sense in the current market for two big reasons. First, mortgage rates are at a temporary dip right now and are near their all-time lows. In other words, it's simply more affordable to buy a home right now,because the interest payments at current rates would be so much lower than if you bought even six months ago. The other good reason is that several affordable and attractive single-family homes have recently come on the Phoenix area market. In my opinion, they would make an excellent choice as an investment property.  If you want to see the homes I have in mind, check out all of these Phoenix area listings: Click here for all available Phoenix area homes for sale And if you want to talk in a bit more detail about the kinds of single-family homes that might make the most sense as an investment — in terms of location, size, or price — give me a call at 602-413-8195. I have my finger on the pulse of the Phoenix area market, and I'm here to help. Have a great day, Monique Walker RE/MAX Excalibur If you have any friends or family who may be interested in Monique's listings, call her at (602) 413-8195 View All Our Current Listings Monique's Summer 2019 Active Listings! Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Tom Ross Bay Equity Home Loans (602) 791-5861 tross@bayeq.com Sincerely, Monique Walker RE/MAX Excalibur Phoenix, AZ Mobile: (602) 413-8195   Monique@MoniqueSells.com Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260 Manage your preferences | Unsubscribe View this email online.

7 reasons to keep your credit good after you’ve bought a house

It's important to keep your credit score up after you've purchased a home.

Friends and Clients, Today I wanted to give you some reasons why it's so important to keep your credit score up after you've purchased a home. I have 7 reasons for you below. To furnish your home: Now that you've got that new home, it's time to furnish it. If you qualified for a mortgage, there's a good chance you'll also be a good candidate for new store cards. This can be an easy way to spread a large expense over a period of time, but, beware the pitfalls. To save money: The best cards are typically reserved for those with the best credit. If you let your credit dip and you want a new credit card, you still might be able to get one—but you're not going to get the best rates. You may also be limited to cards that have a hefty annual fee, which will cost you more money. For the miles: Cards that offer miles, cash back, or some other perk aren't offered to just anyone. If you keep your credit score high enough to snag one, you'll love being able to rack up miles to use for travel or apply a cash back bonus to everyday expenses to keep costs down. For a job: Many employers run your credit as part of the hiring process. Let your credit drop and it could keep you from getting a new job. To take advantage of falling rates: You never know what's going to happen to interest rates. Maintain your good credit and you may be able to refinance if rates drop. To stay in your home: Defaulting on credit cards won't affect your ability to stay in your home, but if your credit problems extend to your ability to pay your mortgage, you could be looking at foreclosure. To buy another home: If you've already bought a home, you know that, in order to get the best loan and interest rate, you need to have a good credit score. You can qualify for some loans with a lower score, but it'll cost you. "According to FICO, a homebuyer with a credit score of 760 or higher could pay nearly $2,500 less per year on a $210,000, 30-year home loan than someone with a score of 620," said CreditCards.com. If you have any questions about keeping a good credit score, feel free to reach out to me at 602-413-8195. Have a great day, Monique Walker RE/MAX Excalibur If you have any friends or family who may be interested in Monique's listings, call her at (602) 413-8195 View All Our Current Listings Monique's Summer 2019 Active Listings! Monique's Summer 2019 Pending Listings! Monique's Summer 2019 Sold Listings! Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Tom Ross Bay Equity Home Loans (602) 791-5861 tross@bayeq.com Sincerely, Monique Walker RE/MAX Excalibur Phoenix, AZ Mobile: (602) 413-8195   Monique@MoniqueSells.com Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260 Manage your preferences | Unsubscribe View this email online.