With the lenders tightening their restrictions on loan applications there is going to be a huge need for rentals in the future.

All of the concerns of the SubPrime lending situation all over the country has had a ripple effect.

First, fewer and fewer young first time home buyers will be able to purchase a home, also the ones that recently went into foreclosure will also be in need of some place to live.

This does not only include first time home buyers. This is effecting all areas up to Jumbo Loans. However, this will be notice more in the lower priced homes in Toledo.

Unfortunately, their are alot of people out there with bad credit.  Many in this newest generation have not been taught the value of a dollar or how important it is to have good credit. 

In the past, if you had gone into foreclosure, some could get new loans on another house after a year.  Those days are gone.  Many banks are not doing any sub prime lending.

If you want to purchase a house you will need proof of employment, a down payment, and a good credit score from both parties purchasing a home. "Gee what a novel idea!"  People who can prove they are responisble buyers.

Now, back to the subject.  I predict, and this is just my opinion, is that there will be a shortage of rental properties in the area.  Also, I predict that rental prices will go up. "Supply and Demand".

With all this in mind, seems the logical thing to do is BUY RENTAL PROPERTY, not to flip but to rent.   If you buy to fix up and resell remember there is know one out there to buy.  But, many will need to rent.  If you are interested in buying investment properties, call us.

I would really like some comments on this, what do you think?

Feel free to go on my site and search for homes for sale. Or, please give us a call.

www.NancyLohman.com   website   Toledo Real Estate

Bob Lohman - 419-360-4437,  Nancy Lohman 419-360-4735, Brett Lohman 419-708-6612

The Lohman Team ReMax Preferred Associates