If you are a handy man with some money to invest and lots of time on your hands right now it may be a good time to consider some of the great real estate bargains sitting all over the area. Yes, it’s true lots of these homes need work and are not for a “cosmetic fix up guy” but if you have the time, tools and talent you may well be able to make lemonade out of the lemons out there.
Consider that the supply of rental homes is dwindling and the cost of them is going higher by the day. This sad cycle of people loosing their homes to foreclosure has created a demand, especially for houses, as people who have had a home and have kids and pets have a difficult time living in apartments.
Just as in buying a home it is important to locate properties for rent in areas with safe neighborhoods, good schools and parks for kids to play.
Interest rates are at an all time low. Consider how much you are earning on that money sitting in a CD or savings account right now. With some work and an initial investment you can increase your future income and help folks who really need it.