DURANGO RENTAL MARKET IS STRONG

With the recent upheaval in the mortgage market, we have found that more and more buyers are unable to qualify for loans. Many of these people are currently renters and would like to be buyers, but are being turned down by mortgage lenders. These people have good credit, they have decent income but they usually just don't have enough down payment to qualify for a loan. That has made the rental market in Durango very strong. I've seen rental properties go from $1,150 a month to $1,400 a month rental in just the last year. This certainly helps landlords and investors. At the same time, sellers who are unable to sell now have an alternative of keeping their property and getting very good rent for it.

I personally own rental properties and these have been very successful for me. I've also helped many clients learn the ins and outs of becoming a landlord. For the best return, I try to find homes in the low $300,000 or the high $200,000 price range. If you'd like more information on investing in single family residences, please send me an e-mail and I would be happy to mail you my 25 page white paper on Making Money Investing in Single Family Homes.