Due to a few unusual factors in Shreveport and Bossier City, I believe this is one of the best times ever to purchase investment/rental properties in our area. First and foremost, the mortgage industry has made it more complex for people with marginal credit to purchase a home, so vacancy rates in the area are very low. With all the chatter of Barksdale Air Force Base beefing up and the possibilities of part of Cyber Command, housing on base will fill up quickly. Not all Airman are willing to purchase homes on what could be short assignments.
Thirdly, all the talk and excitement of the Haynesville Shale in Shreveport and Bossier City, if and when drilling for this massive gas find will bring in thousands of workers, and of course, they will all need places to either buy or rent!
Home values are stable, rental prices are high as ever, apartments are full and we are in somewhat of a buyers market.
If ever you were looking to purchase investment/rental properties, Shreveport and Bossier City are ripe for the picking. This is one of the areas that you can purchase property with as little as 10% down, and be very cash positive even after figuring in taxes, insurance and repairs.
We would love to help you explore the possibilities of purchasing investment property in our area. Our company, Friestad Realty, not only will help you stay abreast of the market, but we will help you find the right property, and then manage it for you! We are your one stop real estate shop. Check us out at www.friestadrealty.com or call Scott at 318-210-8216.