When a first-time homebuyer decides to invest on a certain property, most of them choose previously-owned properties. However, such properties are not the only kind of houses that buyers could possibly buy; they have another option for they can also buy properties that were once rental homes. If you are a home buyer with a plan to make a better investment to profit from, you can take your chances not only on once owned properties, but also on previously rented houses. In fact, there is a lot more possibility for you to earn or profit more when you invest in this type of home because they are normally cheaper. If you are looking for a house to dwell in and live for good, a once rented home in Portland real estate might just be the right one for you, because it is a much more affordable choice.

However, purchasing a once rented home includes some additional steps in the typical home buying process usually done with those previously owned ones. Firstly, you have to select which rented property you are planning to buy. In case, you find out that some tenants are still occupying the said property, then don’t worry - if you don’t want to wait for the house to be completely vacant, you’d better approach the seller of the house immediately so you could make arrangements with him.

Previously rented homes need to undergo a more thorough inspection because most of these houses do not receive the maintenance and repair that most previously owned houses usually get. Homeowners tend to be more concerned about their own properties as compared to tenants who rent temporarily. This shows that a big part of making a successful purchase on these rental properties is to select those houses which require only minor repairs or renovations. You need to have a good eye that can detect major physical defects that usually gets overlooked; however, if you think that you do not trust your own ability to do these kinds of house inspections, then it would be better to ask for professional help. But you have to be wary of choosing the right home inspector because not all of them are reliable enough to provide you with a trustworthy inspection report. The best thing to do is to look for an inspector that is qualified and is well experienced to assure that you will get the most comprehensive home inspection report possible. However, you should not solely depend on the work of the inspector alone - your presence and personal scrutiny is of vital importance before you buy rental properties.

If you have chosen a once rented property that requires minimal home repairs after a thorough inspection, then you are in a very favorable condition. Most of these homes are sold at very low prices and sometimes, it is possible for the buyer to purchase these houses at even lower prices if they are good at making negotiations. These are just some of the reasons why it is possible to say that purchasing once rented homes are considered to be one of the best kinds of home buying choices that a buyer could make when planning to buy Portland homes for sale.