[quote=AN][quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.
(Still in search of positive cash flow properties)
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Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.[/quote]
I’m not looking wholeheartedly. Dealing with tenants are the last thing I’m thinking about right now…Though, eventually I will get off my lazy union arse. Folks mentioned Vista and Escondido have some opportunities.
The interesting thing that people mentioned before is, if you put down a big down, you’re foregoing interest/dividend on that downpayment…My question is…In this environment, WHAT INTEREST INCOE? 🙂 Oh that’s right, I didn’t even know about that 1.5-3% CD rate existed….Lol…
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You mean in 70-80 years, they’ll be filthy rich from their property investments?
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The ones with the financial means to hold out, you mean…I agree.Not all of them will. In my book, it’s all relative. Me thinks this is probably not a bad time to speculate (in general) IF you have the means to take your losses with a lump.
