Home › Forums › Closed Forums › Buying and Selling RE › Owner occupied ratio in single family community
- This topic has 20 replies, 2 voices, and was last updated 13 years, 6 months ago by
Mooki.
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May 4, 2011 at 8:54 AM #18776May 4, 2011 at 5:06 PM #692347
sdrealtor
ParticipantSounds like Sea Cliffe. If so its just the nature of that one and shouldnt be a concern.
May 4, 2011 at 5:06 PM #693522ParticipantSounds like Sea Cliffe. If so its just the nature of that one and shouldnt be a concern.
May 4, 2011 at 5:06 PM #693170ParticipantSounds like Sea Cliffe. If so its just the nature of that one and shouldnt be a concern.
May 4, 2011 at 5:06 PM #693025ParticipantSounds like Sea Cliffe. If so its just the nature of that one and shouldnt be a concern.
May 4, 2011 at 5:06 PM #692424ParticipantSounds like Sea Cliffe. If so its just the nature of that one and shouldnt be a concern.
May 5, 2011 at 9:51 AM #692587Mooki
ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
May 5, 2011 at 9:51 AM #692511ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
May 5, 2011 at 9:51 AM #693188ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
May 5, 2011 at 9:51 AM #693337ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
May 5, 2011 at 9:51 AM #693687ParticipantIt is not Sea Cliff. It is Waters End. It is a single family detached homes community built in 2003 so people who bought since 2003 never bought in at a low enough price to make decent positive cash flow as rental. That’s why I was a bit surprised to see that 40% are renter occupied. I wonder if this is a red flag: Owners who are renting out at negative cash flow will eventually sell and put a lot of downward pressure on price in that neighborhood. Is 40% renter ratio a lot higher than similar priced neighborhood in Carlsbad? Would you avoid this community if you are a buyer?
May 5, 2011 at 12:52 PM #692655ParticipantI know it well. Many were bought as vacation homes. I also know alot of people that bought them as rentals with the goal of moving to the beach when their kids are grown. There is mild distress there but nothing monumental. If you like it there, get someone who knows the lay of the land to help you find a good one and you’ll be fine.
May 5, 2011 at 12:52 PM #692581ParticipantI know it well. Many were bought as vacation homes. I also know alot of people that bought them as rentals with the goal of moving to the beach when their kids are grown. There is mild distress there but nothing monumental. If you like it there, get someone who knows the lay of the land to help you find a good one and you’ll be fine.
May 5, 2011 at 12:52 PM #693258ParticipantI know it well. Many were bought as vacation homes. I also know alot of people that bought them as rentals with the goal of moving to the beach when their kids are grown. There is mild distress there but nothing monumental. If you like it there, get someone who knows the lay of the land to help you find a good one and you’ll be fine.
May 5, 2011 at 12:52 PM #693406ParticipantI know it well. Many were bought as vacation homes. I also know alot of people that bought them as rentals with the goal of moving to the beach when their kids are grown. There is mild distress there but nothing monumental. If you like it there, get someone who knows the lay of the land to help you find a good one and you’ll be fine.
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