10 Things to Think About Before Buying Investment Property in Billings
Have you been thinking about buying a rental? I have.
To me, Billings seems like the perfect place. Between the oil workers and the college students, I think it's a no-brainer. As someone who has a rental and a real estate license. 10 features to a profitable rental is a great article. It will give you a ton to think about.
Buying the right rental is tricky.
You need to consider location, mortgage versus rent and is the house renter-ready? Then, there are a ton of questions to ask yourself. First, I would start with the right bank and a good real estate agent. Then, I would move on and ask questions about the following:
2. Property Taxes
5. Job Market
7. Building Permits and Future Development
9. Natural Disasters
10. Number of Listings and Vacancies