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How to Identify a Great Rental Property in Idaho Falls
Manage episode 151123767 series 1016958
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Buying an Idaho Falls home? Search all homes for sale
Today, Jared Duncan, a property manager with BMG Rental joins us to discuss rental properties here in town. In the past, we discussed rental properties and investment properties, so today we thought we would talk about HUD-owned homes and identifying great investment properties.Whenever you're looking for a solid investment property, the first thing to look at is the curb appeal. Large, mature trees, and vinyl siding are examples of things that make a home more appealing to potential buyers.
We took a look at a HUD-owned property here in Idaho Falls recently that was listed for $78,000. After some new carpet and flooring, Jared estimates that he could have the property ready for about $5,000-$7,000. In total, if you were to purchase this home, you would be in for about $85,000 and could rent out the property for $850 per month. The return on your investment would be 1% per month, which is a pretty nice return!
Now is a great time to try to scoop up a great, low-priced investment property. If you would like professional assistance, or if you have any real estate questions at all, give me a call or shoot me a quick email. I would love to hear from you!
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