The Boise, Nampa metro real estate market has positioned itself to make investing in homes for rentals feasable again. For years that was difficult, if not impossible to accomplish. Investors relied on hopefully rapid appreciation for a future sale to offset the "feeding" of the property in the interim period. Many rentals will cash flow now with the rental market being strong and the selling values low.
All of the local area is in a better postion now for rental investors, with Nampa and Caldwell real estate being espically prime. Real estate investors are really starting to take note.
For example, today I was off to show my clients a bank-owned, fixer-upper house in northwest Boise. They will be using funds from a self-directed IRA to purchase and make repairs on the property.
The location is close to downtown and State Street, in an adorable neighborhood. The place needs some work but it has good "bones", it should be a good investment. It will have the ability to provide a better return on investment during the holding time for their retirement money and gaining value when the eventual appreciation resumes.
I valued another property today for a bank. It currently is being used as a duplex with rental income from current tenants of $1150 per month. The market value in today's market would be about $65,000. The place isn't pretty but the ROI is!
If these sound like something you may be interested in give me a call. 208/602-0055
Demogrphics of Miami dade foreclosure show a big drop from September to October it was more than 50 percent from 3,206 to 1,720 From there on it been going less and less .
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