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Updated about 6 years ago on . Most recent reply

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Alex Ferry
  • Salem, OR
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West Salem Rental Home

Alex Ferry
  • Salem, OR
Posted
I am considering the purchase of a rental home in West Salem. I know there are a ton of rental homes in 97301, but I am not as familiar with 97304. Does anyone have experience with having units in West Salem and if the location is hot for renters? I am new to this whole real estate business so any advice or input is appreciated!

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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

@Bryan Atkinson I have one single family house remaining in Dallas and have had good success with those. I am getting $1350 for my 3 bedroom house, however I was getting $1550 for a similar one a block away. The current tenants I have are fantastic so I am hesitant to raise rents on them. I am actually thinking of selling that property as I now live in Indianapolis. Price point would be around $220K and it's completely renovated.

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