Now is a great time for an investment property!

With the real estate market starting to recover in the U.S. and interest rates so low, now is the perfect time for you to invest in an income property.  There's nothing quite like a property that provides recurring revenue. According to real estate Web site Zillow.com,  agent Jill Sjolin, with Windermere Real Estate in Woodinville, Wash.,  "When the money is cheap to borrow and the houses are cheap to buy, it's absolutely the best time to invest." Whether this is your first investment property, or one of many, there are a few important factors to think about before risking your money. One, if not the most important decision to make is who you will use as your agent. Make sure this is a professional with a proven record of success and someone with experience in income producing properties. Next you and your agent need to find what type of property is the best fit for you, this can range from rental apartments, to office buildings and storage complexes. Once you decide what direction you want to go in, you will need to do an in depth analysis of what is the right location for your venture. For example today I was in the Phoenixville area with clients looking at investment properties that we believe will result in cash-on-cash returns of 10% or more!