Home › Forums › Closed Forums › Buying and Selling RE › Need Investment property
- This topic has 31 replies, 13 voices, and was last updated 12 years, 7 months ago by Cube.
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March 15, 2012 at 1:26 PM #740037March 15, 2012 at 2:25 PM #740041anParticipant
[quote=flu]
Oh boy….If you have to ask, then you need to do more homework before you become a landlord imho.[/quote]
I totally agree with this. If you have to ask these kind of general questions, then you’re really not ready to be a landlord yet. Also, your original question is quite vague. We need more information than just the $ amount you have to invest. Which areas are you interested. Where do you live and how far away are you willing to look for investment properties. What kind of tenants do you prefer to have? Are you more interested in SFR or both SFR and condo? There are many more questions, but these are some of the starter you either have to ask yourself or reveal to us in order to get more useful information.March 15, 2012 at 2:32 PM #740042Wah-WahParticipant[quote=AN][quote=flu]
Oh boy….If you have to ask, then you need to do more homework before you become a landlord imho.[/quote]
I totally agree with this. If you have to ask these kind of general questions, then you’re really not ready to be a landlord yet. Also, your original question is quite vague. We need more information than just the $ amount you have to invest. Which areas are you interested. Where do you live and how far away are you willing to look for investment properties. What kind of tenants do you prefer to have? Are you more interested in SFR or both SFR and condo? There are many more questions, but these are some of the starter you either have to ask yourself or reveal to us in order to get more useful information.[/quote]I disagree… we need losers too. just kidding 🙂
March 15, 2012 at 2:40 PM #740043outtamojoParticipant[quote=sdrealtor]mojo
its gone already[/quote]Yeah, contingent today – actually surprised it took this long from what I’ve been seeing.. Must’ve been because these floorplans are among the worst imo in SEH and $255 HOA no pool.
March 15, 2012 at 2:42 PM #740044CoronitaParticipant…well with that said… Mohammad, feel free to ask away questions.. That’s what the purpose of this blog is suppose to do.
March 15, 2012 at 2:49 PM #740045anParticipant[quote=flu]…well with that said… Mohammad, feel free to ask away questions.. That’s what the purpose of this blog is suppose to do.[/quote]
Yep, feel free to ask away. But don’t forget to reveal more information if you want more specific answers. Or better yet, ask more specific questions instead of a very general question, which might cause some to raise their scam/bs flag.March 15, 2012 at 3:47 PM #740047sdrealtorParticipantmojo
Unbeleivable! I just checked SEH condo inventory and there are only 3 attached properties on the market all 300K+. What happened? For the last couple years there have been 10 to 20 on the active market sub 250K. Thats an astounding turnaround.March 15, 2012 at 7:34 PM #740060outtamojoParticipant[quote=sdrealtor]mojo
Unbeleivable! I just checked SEH condo inventory and there are only 3 attached properties on the market all 300K+. What happened? For the last couple years there have been 10 to 20 on the active market sub 250K. Thats an astounding turnaround.[/quote]Hard to tell from my pc who is doing the buying, but it is having a real ripple effect – the stuff over in condo wasteland around Cal State San Marcos is even starting to move.
March 15, 2012 at 7:43 PM #740061sdrealtorParticipantAll you had to do was ask. There have been 7 attached sales that closed this year in SEH that show up in tax records. Two were owner occupants with FHA/low down loans. The other 5 were all cash purchases by investors.
March 15, 2012 at 8:34 PM #740063temeculaguyParticipantmuhammad, I recommend you invest in an REIT (real estate investment trust) as opposed to taking on a single rental in another country. I don’t have any specific advice other than it is way to buy a portion of a large real estate portfolio that is managed by a professional. Please do not take offense but this is not the “no brainer” investment it was back in 2005. Regardless of area, you can lose and you can win, but the difference is knowledge and experience. It may be too much to learn remotely. Stocks are very easy to own remotely, an REIT is way of making real estate into something like a stock. They make them in all sizes, like ten people going in together to buy an apartment complex, splitting the cost, the profit an the risk, while paying someone else to manage it. here is an older thread that touches on it, it might be a better fit for you based on your distance and experience level.
March 16, 2012 at 6:16 AM #740068MohammadParticipantI’m from kuwait, and I live there, I lived in San Diego for 4 years back in the 90s ,graduated from sdsu … I own 2 property in Kuwait… I visit San Diego every summer with my family…
I’m thinking of purchasing a 2 bedroom apartment in a complex in utc or mission or fashion valley and renting it to college student (( I know lots of kuwaiti student in San diego now how are renting and paying 2000 $ for a 2 bedroom apartment ))..
Because I’m a Foreigner no bank will lend me , so I have to pay in cash , After a year or so I can approach any bank and I buy another apartment with lets say 20% down only ….
March 16, 2012 at 6:59 AM #740069sdrealtorParticipantBTW, sorry for smartass comment upfront. We get lots of spambot attacks here. When I saw your initial post from a user that signed up minutes before it smelled fishy. If you are sincerely looking for help there is a wealth of collective knowledge here we are more than willing to share.
March 16, 2012 at 7:05 AM #740070MohammadParticipantThanks sdrealtor
I’m sincerely looking to purchase an investment apportunity in San diego, hopefully my son can use it in few years when he goes to college in san DiegoMarch 16, 2012 at 9:05 AM #740080sdrealtorParticipantMay actually have something in mission valley coming up. 2br/2ba in mission valley newer complex around 200k. Currently rented to young doctor for $1650 (I think). It’s a short sale so it would take a few months for sale to get approved but should sell at low end of comparable units.
March 16, 2012 at 12:24 PM #740081akbarpunjabiParticipantDELETE
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