- This topic has 265 replies, 17 voices, and was last updated 13 years, 11 months ago by
sdrealtor.
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January 4, 2011 at 9:31 AM #648855January 4, 2011 at 12:18 PM #647807
NotCranky
ParticipantIt looks like they have the option to pay cash or large downs to make them positive. As long as there is a fundamentally viable rental market I think the pure investment return numbers are not critical In this scenario.I am not saying go throw money down a hole of course. It’s diversification issue too. The small rental business, I would say start with two, is a type employment that is self created and will provide documented income. Maybe enough to pay his rent or his PITI on a modest owner occupied house or more too. Then maybe they build a little better nest egg, but even if they don’t they look pretty good and have a better safety net. What would Suze Orman say?
January 4, 2011 at 12:18 PM #647878ParticipantIt looks like they have the option to pay cash or large downs to make them positive. As long as there is a fundamentally viable rental market I think the pure investment return numbers are not critical In this scenario.I am not saying go throw money down a hole of course. It’s diversification issue too. The small rental business, I would say start with two, is a type employment that is self created and will provide documented income. Maybe enough to pay his rent or his PITI on a modest owner occupied house or more too. Then maybe they build a little better nest egg, but even if they don’t they look pretty good and have a better safety net. What would Suze Orman say?
January 4, 2011 at 12:18 PM #648464ParticipantIt looks like they have the option to pay cash or large downs to make them positive. As long as there is a fundamentally viable rental market I think the pure investment return numbers are not critical In this scenario.I am not saying go throw money down a hole of course. It’s diversification issue too. The small rental business, I would say start with two, is a type employment that is self created and will provide documented income. Maybe enough to pay his rent or his PITI on a modest owner occupied house or more too. Then maybe they build a little better nest egg, but even if they don’t they look pretty good and have a better safety net. What would Suze Orman say?
January 4, 2011 at 12:18 PM #648601ParticipantIt looks like they have the option to pay cash or large downs to make them positive. As long as there is a fundamentally viable rental market I think the pure investment return numbers are not critical In this scenario.I am not saying go throw money down a hole of course. It’s diversification issue too. The small rental business, I would say start with two, is a type employment that is self created and will provide documented income. Maybe enough to pay his rent or his PITI on a modest owner occupied house or more too. Then maybe they build a little better nest egg, but even if they don’t they look pretty good and have a better safety net. What would Suze Orman say?
January 4, 2011 at 12:18 PM #648925ParticipantIt looks like they have the option to pay cash or large downs to make them positive. As long as there is a fundamentally viable rental market I think the pure investment return numbers are not critical In this scenario.I am not saying go throw money down a hole of course. It’s diversification issue too. The small rental business, I would say start with two, is a type employment that is self created and will provide documented income. Maybe enough to pay his rent or his PITI on a modest owner occupied house or more too. Then maybe they build a little better nest egg, but even if they don’t they look pretty good and have a better safety net. What would Suze Orman say?
January 4, 2011 at 3:58 PM #647847Anonymous
Guest[quote=sdrealtor]How can that not cash flow?[/quote]
Um…maybe if the rent doesn’t cover the costs?
Based upon a quick survey of asking rents on Craigslist, one might conclude that that it would cash flow. But asking rates on Craigslist and actual reality can be quite different.
I think vacancy is big factor.
But if you can show me a sub $200K property in Temecula and convince me that it will cash flow, I would be genuinely interested.
January 4, 2011 at 3:58 PM #647918Guest[quote=sdrealtor]How can that not cash flow?[/quote]
Um…maybe if the rent doesn’t cover the costs?
Based upon a quick survey of asking rents on Craigslist, one might conclude that that it would cash flow. But asking rates on Craigslist and actual reality can be quite different.
I think vacancy is big factor.
But if you can show me a sub $200K property in Temecula and convince me that it will cash flow, I would be genuinely interested.
January 4, 2011 at 3:58 PM #648504Guest[quote=sdrealtor]How can that not cash flow?[/quote]
Um…maybe if the rent doesn’t cover the costs?
Based upon a quick survey of asking rents on Craigslist, one might conclude that that it would cash flow. But asking rates on Craigslist and actual reality can be quite different.
I think vacancy is big factor.
But if you can show me a sub $200K property in Temecula and convince me that it will cash flow, I would be genuinely interested.
January 4, 2011 at 3:58 PM #648641Guest[quote=sdrealtor]How can that not cash flow?[/quote]
Um…maybe if the rent doesn’t cover the costs?
Based upon a quick survey of asking rents on Craigslist, one might conclude that that it would cash flow. But asking rates on Craigslist and actual reality can be quite different.
I think vacancy is big factor.
But if you can show me a sub $200K property in Temecula and convince me that it will cash flow, I would be genuinely interested.
January 4, 2011 at 3:58 PM #648965Guest[quote=sdrealtor]How can that not cash flow?[/quote]
Um…maybe if the rent doesn’t cover the costs?
Based upon a quick survey of asking rents on Craigslist, one might conclude that that it would cash flow. But asking rates on Craigslist and actual reality can be quite different.
I think vacancy is big factor.
But if you can show me a sub $200K property in Temecula and convince me that it will cash flow, I would be genuinely interested.
January 4, 2011 at 4:51 PM #647857sdrealtor
ParticipantSorry I cant show it to you. Its already SOLD
January 4, 2011 at 4:51 PM #647928ParticipantSorry I cant show it to you. Its already SOLD
January 4, 2011 at 4:51 PM #648514ParticipantSorry I cant show it to you. Its already SOLD
January 4, 2011 at 4:51 PM #648651ParticipantSorry I cant show it to you. Its already SOLD
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