The rental market in El Paso is pretty strong right now. Almost every day we get calls from people that are looking to rent instead of buy for various reasons. Some of them want to rent first and then buy when they get a better feel for the city and some want to rent because they can not buy with the new lending requirements.
El Paso's real estate market is going to be a good one for investors now becasue of the lending changes. Investor loans are not that bad right now and some lenders have investor loans in the high 6% rate with 20% down.
There are alot of homes on the market that would make great rentals in El Paso and the rent rates are fairly good for investors.
Be sure to call a top real estate agent in El Paso for information on investing in El Paso, TX
Active Rain Real Estate Network
You can find great local El Paso, Texas real estate information on Localism.com Patti Olivas is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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