It is asking for 1987’s price. Does anyone know if it has any problem such as broken HOA or plumbing issues (since it is a 70s building)? How do we check those?
In this area, can a 900 sqft 2 bedroom condo rent for $800? I guess after $250 HOA fee, property tax, and vacancy, $800 would be a number to break even or make some money?
If these homes have cash flow from day one, why investors are not jumping on and let them sit on market so long?
-NicMM
[quote=CA renter][quote=NicMM]Patb, these two pictures are accurate depiction.
Here is the challenge for you. If it’s you, what you would do with $50K?
-NicMM
[quote=patb]Don’t call it land investment call it Land Speculation.
To be an investment you need a cash flow and an exit strategy.
Here’s you.” i want to buy 2 acres for $50K and someday sell it”
Here’s an Investor” I am going to buy 10,000 Acres
get the state to build an offramp and the county to build 30 miles of section Road and the city to rezone it, while i rent it to cattle ranchers for cash”
Guess who makes money.?[/quote][/quote]
NicMM,
If your heart is set on real estate, $50K would be better spent buying a rental in Escondido or Oceanside (that has positive cashflow from day one) than speculating in desert land. You’ll have to manage and maintain it yourself, but you might make money over time.
My family has a history with both land and rentals/housing investments, and I can say for a fact that existing housing is far, far more profitable than land, with only a very few exceptions.[/quote]
