Investing in rental properties

[infoseeker]

I am wondering about diversifying my investments… Currently most of my investments are in US and international stock/bond index funds. I am thinking of investing in a rental property that will be cash flow positive. I also plan to use a property management company since I dont have the time to find tenants and skills to take are of maintainence issues. Questions

1. Quick research shows that San Diego is not a place where I can get cash-flow positive properties. Am I right?

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? The reason I prefer a place that is drivable is the ease of logistics during purchase and once-a-year monitoring/visit

3. Can piggs recommend a firm or a person who are good at such transactions.

[briansd1]

[quote=infoseeker]

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? [/quote]

Your options are greatly expanded if you’re willing to do a 4-5 hours FLYING distance.

I would recommend a non-bubble area of the country where you may have a sibling, parents, or close friend. You can check on your property and visit your loved-one all in one trip.

[briansd1]

[quote=infoseeker]

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? [/quote]

Your options are greatly expanded if you’re willing to do a 4-5 hours FLYING distance.

I would recommend a non-bubble area of the country where you may have a sibling, parents, or close friend. You can check on your property and visit your loved-one all in one trip.

[briansd1]

[quote=infoseeker]

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? [/quote]

Your options are greatly expanded if you’re willing to do a 4-5 hours FLYING distance.

I would recommend a non-bubble area of the country where you may have a sibling, parents, or close friend. You can check on your property and visit your loved-one all in one trip.

[briansd1]

[quote=infoseeker]

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? [/quote]

Your options are greatly expanded if you’re willing to do a 4-5 hours FLYING distance.

I would recommend a non-bubble area of the country where you may have a sibling, parents, or close friend. You can check on your property and visit your loved-one all in one trip.

[briansd1]

[quote=infoseeker]

2. Are there any area within 4-5 hr driving distance where cash-flow positive properties are possible? [/quote]

Your options are greatly expanded if you’re willing to do a 4-5 hours FLYING distance.

I would recommend a non-bubble area of the country where you may have a sibling, parents, or close friend. You can check on your property and visit your loved-one all in one trip.

[sdrealtor]

and write the trip off!

[sdrealtor]

and write the trip off!

[sdrealtor]

and write the trip off!

[sdrealtor]

and write the trip off!

[sdrealtor]

and write the trip off!

[investor]

I mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?

[investor]

I mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?

[investor]

I mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?

[investor]

I mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?

[Author]

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