I have good news for you if you are a real estate investor; rents are going up across the nation. In Philadelphia, rents are up 15% compared to last year, Chicago saw median rents rise 8.6% in the past 12 months and Minneapolis was up 10%.  In San Francisco the rental market is on a tear with crowds of potential tenants lining up to pay 15% more to rent this year versus last. 

Rising rents mean more attractive returns which is leading more  investors to the real estate market. In both Northern and Southern CA, absentee buyers, investors and second home purchasers accounted for 28% of all home purchases last month.  The historical avearage is 19.2%. 

If you are a new real estate investor or a seasoned veteran, one thing for certain is that when it comes time to sell, you better have a firm understanding of how to protect your hard earned dollars from the tax man.  Call me and I can help you with 1031 exchange.