You've been hearing it for months. Buy Now! The Time is Right! Properties are priced to sell and rates are at an all time low. But if you are buying seasonal rental property, it gets even better! The reason is this: you will get all this years rental income with a fraction of the cost! What do I mean? Lets say you find a great property and it goes under contract in March. If you close in April, then your first mortgage payment won't be due until June. So before you even make your first mortgage payment, you will start collecting rental income on the property! Here's an example. Lets say you buy a $500,000 property with 25% down. Rental income for the property is in the 35k range. Principal and interest on a $375k loan at today's rates would be around $1800. So for June - August, you would make 3 mortgage payments, totallying (P&I only) $5400 (taxes and insurance will need to be added). But you've collected the majority of your rental income during the prime summer months--so you will receive the majority of your rental income with only a fraction of the cost! Well, if you think that sounds like a pretty good opportunity, it is! But remember who gave you the tip. Give us a call so we can help you find the ideal property!