Are you planning on buying a Bend Oregon Home because you want to rent it out and have that home be an income property for your investment portfolio?
Before purchasing a home in Bend or anywhere in the United States you must first make sure that the home will offer you good net rental income.
What Is Net Rental Income And Why Is It Important?
Net rental income is the money that you will have left over at the end of each month after you’ve paid for your mortgage and other debt serving costs like taxes and management fees plus operating expenses to keep that home in great shape for the years to come.
What Can You Rent The Home For?
If you’re struggling with what you can potentially rent a home for you can easily find out the potential rental income that you can get from a home by doing a comparable analysis of other homes that are renting in the area and finding out what they are currently renting for online via websites like Craigslist or other property management websites.
Make Sure Your Rental Home Meets This Goal
As a Real Estate investor your goal is to make sure that the Bend Oregon Home that you purchase will cover over 100% of your expenses, mortgage repayments and other costs associated with the home for the years that you own it.
The great thing is that now is the perfect time to buy because, mortgage interest rates are still low and you can easily see an excellent return on your Real Estate Investment if you purchase a Bend Oregon home now and gradually make improvements to it over the years which will enable you to build equity n the home and sell it at a profit.
For more information on what to look for when purchasing a Bend Oregon Home for sale, or to view the latest homes in the area that have been listed, contact me today by calling (541) 383-1426.