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There’s More to Owning Rental Property Than Location

Date: July 27, 2011
If you’re thinking about purchasing rental property, physicians are well positioned to take advantage of this market, according to Alan Wynne, an attorney with EpsteinBeckerGreen.

“Physicians have a little bit more income in terms of making an investment, and their portfolio is going to be a little more sophisticated, so real estate is a way to diversify that investment portfolio,” Wynne says.

And given the current real estate market, it’s a good time to buy.

“If the real estate market were K-Mart, it would be a blue light special,” says Michael McCreary, CPM, MPM, president of McCreary Realty. “There are bargains galore to be had. You just have to pick and choose wisely.”