So, we know you love the Outer Banks. Have you considered purchasing an Outer Banks rental home? In spite of the recent "doom and gloom" housing market news, real estate is known to be a wise long-term investment strategy. The name of the game has always been maximizing cash flow. Market prices are holding steady at 2003 levels and mortgage rates under 5%. Most lenders on the Outer Banks are requiring 10% to 15% down for loans under $420,000 and up to 20% down for larger loan amounts.
