GREAT FIX & FLIP OPPORTUNITY IN BOOMING KLAMATH FALLS, OREGON.
House needs a full remodel, roof is only 9 years old, back bedroom has a crack in the wall, plumbing & electrical are in good working order, wall heaters work great. Needs some love and care and it is a perfect home for a fix & flip, if you decide to rent it out comps for 2 bedrooms are in the range of $750 - $900 depending on finish outs.
New housing shortage
Renters and property owners in Klamath Falls echo similar sentiments to Wall's. There's plenty of demand, but not enough supply.
Kim Elliot, president of the Klamath Rental Owners Association, estimates that current vacancy rates are at about 1 percent. The volunteer group represents more than 170 members across 3,500 rental units in the county.
"The problem is there's not that much choice to go to," Elliot said. "That's where the big problems are: again, lack of supply."
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