Menu

Home › Forums › Closed Forums › Buying and Selling RE › Purchasing Rental Property

Viewing 15 posts - 106 through 120 (of 221 total)
1 2 3 … 7 8 9 … 13 14 15
  • Author
    Posts
  • February 25, 2011 at 11:11 AM #672295
    sdrealtor
    Participant

    Wujohn
    A new roof on a 40 to 50 year old house can easily exceed the cost of 10 to 20 years worth of HOA fee increases. Unless you are a retiree with the ability to do much of the fix up work yourself exercise great caution when buying older SFR’s. Additionally the advice for a cash flow investor to buy SFR’s on large lots could be the worst of all. They sell at a premium, tenants wont pay more for a bigger lot and wont take care of it properly. Smaller lots are better for cash flow investors.

    There are plenty of folks on this board with lots of experience as landlords who could give you great advice (formersandiegan comes to mind immediately) but the previous poster is not one of them.

    Please try to take advice from credible folks on this board. BG is not one of them. Follow the thread on this link and it will tell you all you need to know about her credibility.

    http://piggington.com/freeway_noise

    February 25, 2011 at 11:18 AM #671146
    SD Realtor
    Participant

    I would add that Surveyor is another if I am correct.

    I think his focus is on out of state stuff as well. I am pretty sure that we have other SD landlords. I still have my two rentals, one a condo and one a home and I lived in both of them. They are not really cash flowing but they are churning. I think that for SD there is more of an opportunity on condos then SFRs. The one rental I did buy as a rental was a 1/1 in Mission Valley that I had discussed in other threads.

    February 25, 2011 at 11:18 AM #671207
    SD Realtor
    Participant

    I would add that Surveyor is another if I am correct.

    I think his focus is on out of state stuff as well. I am pretty sure that we have other SD landlords. I still have my two rentals, one a condo and one a home and I lived in both of them. They are not really cash flowing but they are churning. I think that for SD there is more of an opportunity on condos then SFRs. The one rental I did buy as a rental was a 1/1 in Mission Valley that I had discussed in other threads.

    February 25, 2011 at 11:18 AM #671816
    SD Realtor
    Participant

    I would add that Surveyor is another if I am correct.

    I think his focus is on out of state stuff as well. I am pretty sure that we have other SD landlords. I still have my two rentals, one a condo and one a home and I lived in both of them. They are not really cash flowing but they are churning. I think that for SD there is more of an opportunity on condos then SFRs. The one rental I did buy as a rental was a 1/1 in Mission Valley that I had discussed in other threads.

    February 25, 2011 at 11:18 AM #671955
    SD Realtor
    Participant

    I would add that Surveyor is another if I am correct.

    I think his focus is on out of state stuff as well. I am pretty sure that we have other SD landlords. I still have my two rentals, one a condo and one a home and I lived in both of them. They are not really cash flowing but they are churning. I think that for SD there is more of an opportunity on condos then SFRs. The one rental I did buy as a rental was a 1/1 in Mission Valley that I had discussed in other threads.

    February 25, 2011 at 11:18 AM #672300
    SD Realtor
    Participant

    I would add that Surveyor is another if I am correct.

    I think his focus is on out of state stuff as well. I am pretty sure that we have other SD landlords. I still have my two rentals, one a condo and one a home and I lived in both of them. They are not really cash flowing but they are churning. I think that for SD there is more of an opportunity on condos then SFRs. The one rental I did buy as a rental was a 1/1 in Mission Valley that I had discussed in other threads.

    February 25, 2011 at 11:27 AM #671161
    an
    Participant

    [quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

    As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

    There is no such thing as a free lunch[/quote]
    I agree looking out of SD County is not a good option for everyone. Like another saying goes, high risk high return. Like all investments, one has to assess one’s circumstances and do all the due diligence before jumping in. I have connections in the Central Valley, which allow me to make such an investment. If I don’t have those connections, I wouldn’t have considered Central Valley, but I might consider Murrieta or Temecula, since I can drive there.

    February 25, 2011 at 11:27 AM #671222
    an
    Participant

    [quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

    As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

    There is no such thing as a free lunch[/quote]
    I agree looking out of SD County is not a good option for everyone. Like another saying goes, high risk high return. Like all investments, one has to assess one’s circumstances and do all the due diligence before jumping in. I have connections in the Central Valley, which allow me to make such an investment. If I don’t have those connections, I wouldn’t have considered Central Valley, but I might consider Murrieta or Temecula, since I can drive there.

    February 25, 2011 at 11:27 AM #671831
    an
    Participant

    [quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

    As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

    There is no such thing as a free lunch[/quote]
    I agree looking out of SD County is not a good option for everyone. Like another saying goes, high risk high return. Like all investments, one has to assess one’s circumstances and do all the due diligence before jumping in. I have connections in the Central Valley, which allow me to make such an investment. If I don’t have those connections, I wouldn’t have considered Central Valley, but I might consider Murrieta or Temecula, since I can drive there.

    February 25, 2011 at 11:27 AM #671970
    an
    Participant

    [quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

    As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

    There is no such thing as a free lunch[/quote]
    I agree looking out of SD County is not a good option for everyone. Like another saying goes, high risk high return. Like all investments, one has to assess one’s circumstances and do all the due diligence before jumping in. I have connections in the Central Valley, which allow me to make such an investment. If I don’t have those connections, I wouldn’t have considered Central Valley, but I might consider Murrieta or Temecula, since I can drive there.

    February 25, 2011 at 11:27 AM #672315
    an
    Participant

    [quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

    As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

    There is no such thing as a free lunch[/quote]
    I agree looking out of SD County is not a good option for everyone. Like another saying goes, high risk high return. Like all investments, one has to assess one’s circumstances and do all the due diligence before jumping in. I have connections in the Central Valley, which allow me to make such an investment. If I don’t have those connections, I wouldn’t have considered Central Valley, but I might consider Murrieta or Temecula, since I can drive there.

    February 25, 2011 at 11:30 AM #671166
    sdrealtor
    Participant

    Nice contributions guys. Its different for everyone and subject to individual circumstances though some rules do apply across the board like not paying a premium for a huge lot that a tenant wont pay for or properly care for when you are a cash flow investor.

    February 25, 2011 at 11:30 AM #671227
    sdrealtor
    Participant

    Nice contributions guys. Its different for everyone and subject to individual circumstances though some rules do apply across the board like not paying a premium for a huge lot that a tenant wont pay for or properly care for when you are a cash flow investor.

    February 25, 2011 at 11:30 AM #671836
    sdrealtor
    Participant

    Nice contributions guys. Its different for everyone and subject to individual circumstances though some rules do apply across the board like not paying a premium for a huge lot that a tenant wont pay for or properly care for when you are a cash flow investor.

    February 25, 2011 at 11:30 AM #671975
    sdrealtor
    Participant

    Nice contributions guys. Its different for everyone and subject to individual circumstances though some rules do apply across the board like not paying a premium for a huge lot that a tenant wont pay for or properly care for when you are a cash flow investor.

  • Author
    Posts
Viewing 15 posts - 106 through 120 (of 221 total)
1 2 3 … 7 8 9 … 13 14 15
  • The forum ‘Buying and Selling RE’ is closed to new topics and replies.