The biggest hurdle WAS getting tenants
Investing in real estate is NOT for the weak. There are so many challenges with being a real estate investor. The biggest challenge is usually buying your first property. The biggest hurdle according to most of my friends and clients who have investment properties is getting qualified tenants. You should have no problems getting them rented according to these two stories from the Rocky Mountain News:
Demand for affordable rental housing in the state is being driven by record foreclosures and rising market-rate rents.
Read the full story: Affordable rental vacancies tighten
Statewide vacancies in affordable housing fell during the second quarter, dropping to 4.7 percent, from first quarter in the first quarter, according to a new state report.
Read the full story: Affordable apartment vacancies fall below 5 percent
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Tagged with: foreclosure • investing • property • rate • real estate • va
Filed under: real estate • rocky mountain news
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A recent interview with Lisa Moren Bromma, who sits on the board for the National Real Estate Investors Assn., offered some interesting advice. Have your friends thought of holding open houses for their rental properties? That’s what she does and gets great response. It really becomes a war of the highest bidder and most qualified renter. The link takes you to her interview.