Home › Forums › Closed Forums › Buying and Selling RE › Purchasing Rental Property
- This topic has 220 replies, 14 voices, and was last updated 13 years, 8 months ago by
Anonymous.
-
AuthorPosts
-
February 27, 2011 at 12:36 PM #672939February 28, 2011 at 8:29 AM #671977
ctr70
ParticipantHow much does the City Heights house rent for conservatively? How much fix costs to make rent ready?
February 28, 2011 at 8:29 AM #672039ParticipantHow much does the City Heights house rent for conservatively? How much fix costs to make rent ready?
February 28, 2011 at 8:29 AM #672648ParticipantHow much does the City Heights house rent for conservatively? How much fix costs to make rent ready?
February 28, 2011 at 8:29 AM #672787ParticipantHow much does the City Heights house rent for conservatively? How much fix costs to make rent ready?
February 28, 2011 at 8:29 AM #673134ParticipantHow much does the City Heights house rent for conservatively? How much fix costs to make rent ready?
February 28, 2011 at 8:57 AM #671987Jazzman
ParticipantI have spent quite a bit of time researching investment income properties and have started building a portfolio. The first thing to look at is the return on investment (ROI) sometimes expressed as the Capitalization (cap) Rate. After looking at many places in CA, it became clear that better opportunities exist elsewhere. The next major hurdle is property management, which is as important as the property itself. As a rule of thumb you will want a rent of $1,000 for a $100k home in order to cash flow, as you can expect to pay up to 50% of gross rent on costs. Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.
February 28, 2011 at 8:57 AM #672049ParticipantI have spent quite a bit of time researching investment income properties and have started building a portfolio. The first thing to look at is the return on investment (ROI) sometimes expressed as the Capitalization (cap) Rate. After looking at many places in CA, it became clear that better opportunities exist elsewhere. The next major hurdle is property management, which is as important as the property itself. As a rule of thumb you will want a rent of $1,000 for a $100k home in order to cash flow, as you can expect to pay up to 50% of gross rent on costs. Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.
February 28, 2011 at 8:57 AM #672658ParticipantI have spent quite a bit of time researching investment income properties and have started building a portfolio. The first thing to look at is the return on investment (ROI) sometimes expressed as the Capitalization (cap) Rate. After looking at many places in CA, it became clear that better opportunities exist elsewhere. The next major hurdle is property management, which is as important as the property itself. As a rule of thumb you will want a rent of $1,000 for a $100k home in order to cash flow, as you can expect to pay up to 50% of gross rent on costs. Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.
February 28, 2011 at 8:57 AM #672797ParticipantI have spent quite a bit of time researching investment income properties and have started building a portfolio. The first thing to look at is the return on investment (ROI) sometimes expressed as the Capitalization (cap) Rate. After looking at many places in CA, it became clear that better opportunities exist elsewhere. The next major hurdle is property management, which is as important as the property itself. As a rule of thumb you will want a rent of $1,000 for a $100k home in order to cash flow, as you can expect to pay up to 50% of gross rent on costs. Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.
February 28, 2011 at 8:57 AM #673144ParticipantI have spent quite a bit of time researching investment income properties and have started building a portfolio. The first thing to look at is the return on investment (ROI) sometimes expressed as the Capitalization (cap) Rate. After looking at many places in CA, it became clear that better opportunities exist elsewhere. The next major hurdle is property management, which is as important as the property itself. As a rule of thumb you will want a rent of $1,000 for a $100k home in order to cash flow, as you can expect to pay up to 50% of gross rent on costs. Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.
February 28, 2011 at 11:09 AM #672007bearishgurl
Participant[quote=Jazzman] . . . Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.[/quote]
jazzman, I know several post 59.5 year-old “boomers” (old enough to tap into IRA’s, 401K’s w/o penalty) who are doing just that, due to not having any “safe” investments to park money that are paying anything. They are looking in their own stomping grounds here in SD County, in ‘hoods they are intimately familiar with at SFR properties they can fix up and manage themselves and even rent to relatives (parents/children) if the need should arise. These older DIY’ers (some with roofer, plumber or electrician relatives, lol) are the kind that buy those Chula Vista (91910) cosmetic fixer investment SFR’s that the Piggs don’t seem to want to mess with. For the most part, these are very well-built properties on very good streets and we all KNOW that once they are all gone, we’ll never see these prices again.
Compare to the cosmetic and heavy fixer-buying frenzy of ’94-’97 in Pt Loma (92106). Now, try to find one. They’re very far and few between :=]
February 28, 2011 at 11:09 AM #672070Participant[quote=Jazzman] . . . Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.[/quote]
jazzman, I know several post 59.5 year-old “boomers” (old enough to tap into IRA’s, 401K’s w/o penalty) who are doing just that, due to not having any “safe” investments to park money that are paying anything. They are looking in their own stomping grounds here in SD County, in ‘hoods they are intimately familiar with at SFR properties they can fix up and manage themselves and even rent to relatives (parents/children) if the need should arise. These older DIY’ers (some with roofer, plumber or electrician relatives, lol) are the kind that buy those Chula Vista (91910) cosmetic fixer investment SFR’s that the Piggs don’t seem to want to mess with. For the most part, these are very well-built properties on very good streets and we all KNOW that once they are all gone, we’ll never see these prices again.
Compare to the cosmetic and heavy fixer-buying frenzy of ’94-’97 in Pt Loma (92106). Now, try to find one. They’re very far and few between :=]
February 28, 2011 at 11:09 AM #672678Participant[quote=Jazzman] . . . Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.[/quote]
jazzman, I know several post 59.5 year-old “boomers” (old enough to tap into IRA’s, 401K’s w/o penalty) who are doing just that, due to not having any “safe” investments to park money that are paying anything. They are looking in their own stomping grounds here in SD County, in ‘hoods they are intimately familiar with at SFR properties they can fix up and manage themselves and even rent to relatives (parents/children) if the need should arise. These older DIY’ers (some with roofer, plumber or electrician relatives, lol) are the kind that buy those Chula Vista (91910) cosmetic fixer investment SFR’s that the Piggs don’t seem to want to mess with. For the most part, these are very well-built properties on very good streets and we all KNOW that once they are all gone, we’ll never see these prices again.
Compare to the cosmetic and heavy fixer-buying frenzy of ’94-’97 in Pt Loma (92106). Now, try to find one. They’re very far and few between :=]
February 28, 2011 at 11:09 AM #672817Participant[quote=Jazzman] . . . Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.[/quote]
jazzman, I know several post 59.5 year-old “boomers” (old enough to tap into IRA’s, 401K’s w/o penalty) who are doing just that, due to not having any “safe” investments to park money that are paying anything. They are looking in their own stomping grounds here in SD County, in ‘hoods they are intimately familiar with at SFR properties they can fix up and manage themselves and even rent to relatives (parents/children) if the need should arise. These older DIY’ers (some with roofer, plumber or electrician relatives, lol) are the kind that buy those Chula Vista (91910) cosmetic fixer investment SFR’s that the Piggs don’t seem to want to mess with. For the most part, these are very well-built properties on very good streets and we all KNOW that once they are all gone, we’ll never see these prices again.
Compare to the cosmetic and heavy fixer-buying frenzy of ’94-’97 in Pt Loma (92106). Now, try to find one. They’re very far and few between :=]
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.