Have you been thinking about investing in Bend Oregon Real Estate to strengthen your investment portfolio? You’re not alone. Over the last 12 months many people in Bend have chosen Real Estate as their next “investment vehicle” because, low mortgage interest rates, rising home prices and high demand for homes make investing in Real Estate irresistible right now.
What to Look for First
If you plan on investing in Bend Oregon Real Estate in the coming months you should first look for Real Estate that will offer you good net rental income. You can determine the potential net rental income of a Bend Oregon home by finding out the age of the home, annual operating expenses and debt servicing costs (Example: management fees, taxes and mortgage).
What can you Rent It For?
After you know how much it will cost you each year to own a home in Bend, the next thing to do is a comparable analysis of what other homes in the same area are renting for. This analysis can be done by doing some simple research on Craigslist or via local property management websites which will show what homes the area are renting for.
Your Real Goal When Buying a Rental Home
As a Real Estate investor your goal is to purchase Bend Oregon Real Estate that will offer pay for over 100% of the operating expenses for your home along with the mortgage repayments and ultimately in the end provide you with a little cash flow at the end of each month that you could use for reinvesting back in the home or saving towards purchasing another home.
Choose the Right Location
Last of all, but most important, you should choose Bend Oregon Real Estate that is centrally located, and close to everything that Bend has to offer because, most renters want to purchase homes that are close to the city center, shopping and all other forms of recreation so it’s best to keep those reasons in mind before investing your hard earned money in a home that you ultimately plan on renting out.
To learn more about what to look for in Bend Oregon Real Estate and how to choose the perfect investment home contact me today by calling (541) 383-1426.