In the current Up and Down stock market when your stomach can no longer handle the roller coaster ride, is it time to consider rental properties as an investment opportunity for your portfolio? If you are in a position to buy one or more rental properties yes it is. The Upstate usually has on average 130 available homes for under $35,000 that can make great rentals. A recent report by Rick Newman of US News Money lists the following about rental rates in Greenville SC.
Greenville, S.C. Average rent: $677; annual increase: 5 percent; unemployment rate: 8 percent.
A low cost of living and a healthy concentration of companies like BMW, Michelin, IBM, Bank of America, and Bausch & Lomb have kept the economy humming in and around this "upcountry" city in northwestern South Carolina. Rents are cheap, so a fairly small hike is enough to land Greenville on the list of biggest percentage increases. That reflects an economy regaining strength throughout the south.
Now is the time while prices are down and interest rates are at all time lows to look at adding rental properties to your portfolio. Hope this information is helpful. Thanks for looking.
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