I know I've harped on this before, but the time is here to think about buying some income producing real estate.  Prices are at their lowest in quite some time, and so is rent!

In the Eugene/Springfield area there are many homes under $140,000 that are ready to move into.  Prices on stick built fixers go as low as $80K, and no matter what your past experience was as a rental property owner, there is "gold in them that hills"!

Let me give an example:

   There is a nice home out in Santa Clara priced at $129,000.  It is a short sale, so it may take a while to close, but once closed and with a 25% down payment, the payment would be $617.83 per month including tax and insurance.  This home should rent for $950 per month and this gives you a $332 per month profit.  Plus you get to take depreciation each year as well.

I'm not sure there has been a better time to buy investment property than right now.  Call your Realtor, and begin taking care of your retirement.  You may want to consider using some of your IRA money to buy real estate.

Colin Call, GRI, ALHS, BrokerMore Than Just the Red Glasses

(541) 579-1615

4710 Village Plaza Loop, Eugene OR

colincall@remax.net

 

 

0 Comments on IT'S TIME TO BECOME A LANDLORD
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
E_cc06bc Rainmaker_large

Colin Call, Principal Broker

Eugene, OR

More about me…

RE/MAX Integrity

Address: 4710 Village Plaza Lp., Suite 200, Eugene, OR, 97401

Office Phone: (541) 302-4882

Cell Phone: (541) 579-1615

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find OR real estate agents and Eugene real estate on ActiveRain.