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:
Chapin, SC is known as "The Capital of Lake Murray" and with good reason. The residents of Chapin enjoy a relaxed lifestyle with the convenience of the city. Columbia, SC is just a quick 20 minute drive and shopping is even closer.You are embarking on an exciting journey, be sure that you find agents that will take time and share your enthusiasm during this process.
EXIT Midlands Realty is a full service real estate firm dedicated to assisting our clients with the purchase and sale of real estate in the Greater Columbia Area. We were founded in 2005 and quickly grew into one of the most innovative and knowledgeable firms in and around Columbia. Our staff is made up of full time professional agents that are dedicated to the profession of listing and selling real estate.
Call one of our experienced agents to assist you with your real estate needs. It would be an honor to work with you.