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  • February 27, 2009 at 12:25 PM #356996
    scaredyclassic
    Participant

    i have been following the low end of temecula to lvie in, not to rent out. I really love the idea of having a tiny mortgage payment on a house that is around 1:1 with my income. i am seeing other100k type houses around temecula but theya re all much older houses, and small. in terms of generating future wealth, i think the possibilities ofliving a housing-spartan lifestyle ina small old house and saving the balance in a down 6k djia market outweigh the poential from riches being a landlord. if only i can talk my wife into it…

    February 27, 2009 at 1:14 PM #356439
    kewp
    Participant

    Isn’t there also a huge glut of inventory in Temecula due to over-building?

    February 27, 2009 at 1:14 PM #356744
    kewp
    Participant

    Isn’t there also a huge glut of inventory in Temecula due to over-building?

    February 27, 2009 at 1:14 PM #356883
    kewp
    Participant

    Isn’t there also a huge glut of inventory in Temecula due to over-building?

    February 27, 2009 at 1:14 PM #356909
    kewp
    Participant

    Isn’t there also a huge glut of inventory in Temecula due to over-building?

    February 27, 2009 at 1:14 PM #357021
    kewp
    Participant

    Isn’t there also a huge glut of inventory in Temecula due to over-building?

    February 27, 2009 at 1:20 PM #356449
    scaredyclassic
    Participant

    i suppose. if prices were halved, there probably wouldnt be a glut though. it’s only glutty because of the price.

    February 27, 2009 at 1:20 PM #356754
    scaredyclassic
    Participant

    i suppose. if prices were halved, there probably wouldnt be a glut though. it’s only glutty because of the price.

    February 27, 2009 at 1:20 PM #356893
    scaredyclassic
    Participant

    i suppose. if prices were halved, there probably wouldnt be a glut though. it’s only glutty because of the price.

    February 27, 2009 at 1:20 PM #356919
    scaredyclassic
    Participant

    i suppose. if prices were halved, there probably wouldnt be a glut though. it’s only glutty because of the price.

    February 27, 2009 at 1:20 PM #357031
    scaredyclassic
    Participant

    i suppose. if prices were halved, there probably wouldnt be a glut though. it’s only glutty because of the price.

    February 27, 2009 at 1:27 PM #356459
    Anonymous
    Guest

    TG. I’ve been doing the same sort of research in Temecula (I’m a Temecula guy also). I am intrigued by some of the numbers as well. I’m eager to get into the game and own a small income property or two, but I don’t want to be hasty either.

    One of my concerns is the rental market and vacancy rates. It is definitely a buyer’s market for renters since there are many new ~3000 sq ft houses renting for under $2K/month. So I don’t know if $1100-$1300 for an older 1300 sq. ft. property will be a sustainable rate in the long run. But budgets are tight and there are not as many smaller properties, so it may turn out that your example may hit the sweet spot for income investments.

    I’ve done quite a few spreadsheets of my own. If you’d like to compare notes, email me at: [email protected]

    February 27, 2009 at 1:27 PM #356764
    Anonymous
    Guest

    TG. I’ve been doing the same sort of research in Temecula (I’m a Temecula guy also). I am intrigued by some of the numbers as well. I’m eager to get into the game and own a small income property or two, but I don’t want to be hasty either.

    One of my concerns is the rental market and vacancy rates. It is definitely a buyer’s market for renters since there are many new ~3000 sq ft houses renting for under $2K/month. So I don’t know if $1100-$1300 for an older 1300 sq. ft. property will be a sustainable rate in the long run. But budgets are tight and there are not as many smaller properties, so it may turn out that your example may hit the sweet spot for income investments.

    I’ve done quite a few spreadsheets of my own. If you’d like to compare notes, email me at: [email protected]

    February 27, 2009 at 1:27 PM #356903
    Anonymous
    Guest

    TG. I’ve been doing the same sort of research in Temecula (I’m a Temecula guy also). I am intrigued by some of the numbers as well. I’m eager to get into the game and own a small income property or two, but I don’t want to be hasty either.

    One of my concerns is the rental market and vacancy rates. It is definitely a buyer’s market for renters since there are many new ~3000 sq ft houses renting for under $2K/month. So I don’t know if $1100-$1300 for an older 1300 sq. ft. property will be a sustainable rate in the long run. But budgets are tight and there are not as many smaller properties, so it may turn out that your example may hit the sweet spot for income investments.

    I’ve done quite a few spreadsheets of my own. If you’d like to compare notes, email me at: [email protected]

    February 27, 2009 at 1:27 PM #356929
    Anonymous
    Guest

    TG. I’ve been doing the same sort of research in Temecula (I’m a Temecula guy also). I am intrigued by some of the numbers as well. I’m eager to get into the game and own a small income property or two, but I don’t want to be hasty either.

    One of my concerns is the rental market and vacancy rates. It is definitely a buyer’s market for renters since there are many new ~3000 sq ft houses renting for under $2K/month. So I don’t know if $1100-$1300 for an older 1300 sq. ft. property will be a sustainable rate in the long run. But budgets are tight and there are not as many smaller properties, so it may turn out that your example may hit the sweet spot for income investments.

    I’ve done quite a few spreadsheets of my own. If you’d like to compare notes, email me at: [email protected]

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