[quote=bobby]see above post. I don’t think 3% of purchase price is affordable by my potential tenant. also, property tax is 1.2% so now my “investment” is less than 1.8%. then add other expenses. Pretty much goes down to 1.5%. Stick money in high dividend stock is a better choice no?
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My bad. I meant 3%-4% after most major expenses include property taxes. Because I haven’t found places 3-4% up there, which is why I was surprised if you were able to find any.
My favorite gem was going to milpitas as few weeks back and seeing 1800sqft selling for $800ish.. In milpitas… Then again, I know the moment I say home prices have peaked in bay area, it will go up more.
