Recent economic strife has led to many homeowners losing their homes to foreclosure or being forced to short sale their homes. It has also contributed to fewer people being able o qualify for mortgage approval and being unable to buy homes. This has caused a higher demand for single family rental homes. As with all cases of supply and demand this has led to an increase in the amount of monthly rent payments.
This scenario does, however, create an excellent opportunity for experienced investors or strong buyers who are looking to expand their wealth and collateral. Who wouldn't want to be in a situation where your tenant is paying off the mortgage on your investment property for you? This is a great way to create financial security for your future.
With it's close proximity to shopping and dining , Irmo is a great place to consider investing in rental homes. Excellent schools, easy interstate access, and a quick commute to Columbia all contribute to Irmo being a prime investment location.
Here are a few foreclosures for sale in the Irmo area that would make great potential investment properties:
2225 Hertford Dr. $59,900
100 Weston Watch Rd. $62,900
204 Chippewa Dr. $64,500
124 River Song Rd. $67,000
137 Chadford Rd. $68,000
206 Minehead Rd. $69,500
118 Saint Albans Court $69,900
303 Avery Place Dr. $74,900
Or feel free to browse the entire MLS at www.gready.scexit.com
Gready Frazier
Broker Agent
Exit Midlands Realty
803-924-5785
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