Cash Flow In El Cajon

[Raybyrnes]

3/2 Single Family Homes in El Cajon are now advertised at 200K. If you could get these for 150 to 175 and throw 10 % down they start to look cash flow positive if they can be rented out.

[maybe]

So– after a further 10-25% price decline, a traditional investor w/ 10% down might think about buying such a house? This brings us back to re-entering the real estate market sometime in 2010.

[maybe]

So– after a further 10-25% price decline, a traditional investor w/ 10% down might think about buying such a house? This brings us back to re-entering the real estate market sometime in 2010.

[maybe]

So– after a further 10-25% price decline, a traditional investor w/ 10% down might think about buying such a house? This brings us back to re-entering the real estate market sometime in 2010.

[maybe]

So– after a further 10-25% price decline, a traditional investor w/ 10% down might think about buying such a house? This brings us back to re-entering the real estate market sometime in 2010.

[maybe]

So– after a further 10-25% price decline, a traditional investor w/ 10% down might think about buying such a house? This brings us back to re-entering the real estate market sometime in 2010.

[garysears]

There is some fine print those $200k homes listed. I don’t know if you actually own the land with all of them. At least one of them lists an HOA of $733 per month. The real bottom end of the El Cajon market (where you don’t have an HOA and actually own land) is $250k-$260k. I’m thinking around $200k might be reasonable in a few years, but I’m talking 1100-1300 sf houses, not 1800 sf.

[garysears]

There is some fine print those $200k homes listed. I don’t know if you actually own the land with all of them. At least one of them lists an HOA of $733 per month. The real bottom end of the El Cajon market (where you don’t have an HOA and actually own land) is $250k-$260k. I’m thinking around $200k might be reasonable in a few years, but I’m talking 1100-1300 sf houses, not 1800 sf.

[garysears]

There is some fine print those $200k homes listed. I don’t know if you actually own the land with all of them. At least one of them lists an HOA of $733 per month. The real bottom end of the El Cajon market (where you don’t have an HOA and actually own land) is $250k-$260k. I’m thinking around $200k might be reasonable in a few years, but I’m talking 1100-1300 sf houses, not 1800 sf.

[garysears]

There is some fine print those $200k homes listed. I don’t know if you actually own the land with all of them. At least one of them lists an HOA of $733 per month. The real bottom end of the El Cajon market (where you don’t have an HOA and actually own land) is $250k-$260k. I’m thinking around $200k might be reasonable in a few years, but I’m talking 1100-1300 sf houses, not 1800 sf.

[garysears]

There is some fine print those $200k homes listed. I don’t know if you actually own the land with all of them. At least one of them lists an HOA of $733 per month. The real bottom end of the El Cajon market (where you don’t have an HOA and actually own land) is $250k-$260k. I’m thinking around $200k might be reasonable in a few years, but I’m talking 1100-1300 sf houses, not 1800 sf.

[little lady]

I believe the houses you are describing are manufactured homes on land that you get a 99 year lease for. They are out in the Flynn Springs area and are by no means any kind of deal unless you HAVE had to rent. Now though, this shouldn’t be the case because of the current housing market tanking.

Houses in the El Cajon area are priced at approximately the same amounts found in Temecula……….though they tend to be alot older.

http://www.rondurrett.com/template1/nextpage.asp?lnv=4434436

[little lady]

I believe the houses you are describing are manufactured homes on land that you get a 99 year lease for. They are out in the Flynn Springs area and are by no means any kind of deal unless you HAVE had to rent. Now though, this shouldn’t be the case because of the current housing market tanking.

Houses in the El Cajon area are priced at approximately the same amounts found in Temecula……….though they tend to be alot older.

http://www.rondurrett.com/template1/nextpage.asp?lnv=4434436

[little lady]

I believe the houses you are describing are manufactured homes on land that you get a 99 year lease for. They are out in the Flynn Springs area and are by no means any kind of deal unless you HAVE had to rent. Now though, this shouldn’t be the case because of the current housing market tanking.

Houses in the El Cajon area are priced at approximately the same amounts found in Temecula……….though they tend to be alot older.

http://www.rondurrett.com/template1/nextpage.asp?lnv=4434436

[little lady]

I believe the houses you are describing are manufactured homes on land that you get a 99 year lease for. They are out in the Flynn Springs area and are by no means any kind of deal unless you HAVE had to rent. Now though, this shouldn’t be the case because of the current housing market tanking.

Houses in the El Cajon area are priced at approximately the same amounts found in Temecula……….though they tend to be alot older.

http://www.rondurrett.com/template1/nextpage.asp?lnv=4434436

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