As you work through the market looking at homes for investment purchase are you looking at short-term or long-term? Let’s face it the recent years have brought so many more renters into the marketplace that you can not ignore the opportunity that is for you, the investment property owner.
For those of you that think getting the great investment deals is too difficult, too much paperwork, too hard to deal with HUD or BANKS in the process, think again. There are great deals on the market today that are not affiliated with either and these deals can be had if you work in conjunction with your REALTOR®.
Knowing the area you want to be in, the current rents that market can withstand and the amenities this pool of renters is seeking you can guarantee that the bargain property you find today- becomes a steady paycheck to you tomorrow.
These renters are no longer simply seeking rooms and a roof- they are more discriminating. These are often people who were in their own home for quite a while, they were building a good life and then something got in the way- be it job loss, adjustable rate increase, illness, divorce or a myriad of other complexities of life that in the end led to these recent homeowners now becoming part of the rental population.
These folks come with specific requirements, specific wants and needs, and they are willing to pay the right price for the right mix of wants and needs.
Work with your REALTOR® to be sure they know exactly what you are looking for and what your target income level is from the property as well as what you are willing to invest to get it to that level if it is a TLC property. Positioning yourself for this growth in renter population will be a win, if done properly!
Happy House Hunting in North Texas. If you need a REALTOR® to work with you on your next investment purchase in the North Texas region- Give Dawn a call/text 214-604-4561 at Avery Properties/Avery Realty Group-