A new video on CNBC.com shows a recent interview with Warren Buffet where he states that, if he had a way to manage them, he’d buy a million single-family homes. Calling them a “very attractive asset class right now,” Mr. Buffet suggests that investing in a home with a 30-year mortgage is a very smart move given the low prices and great lending rates available.
He goes on to say:
“…if I knew where I was going to want to live the next five or 10 years I would buy a home and I’d finance it with a 30-year mortgage, and it’s a terrific deal. And if I— literally, if I was an investor that was a handy type, which I’m not, and I could buy a couple of them at distressed prices and find renters, I think that’s— and again take a 30-year mortgage, it’s a leveraged way of owning a very cheap asset now and I think that’s probably as an attractive an investment as you can make now.”
This sentiment echoes what we’ve been saying here at Epic Development. Now is a great time to take advantage of the real estate deals out there. To get started, give Jim LaVallee a call at 404-847-9080 or email JLaVallee@EpicDevelopment.com.