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Jazzman.
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June 1, 2011 at 12:42 PM #701619June 2, 2011 at 7:34 AM #700611
Jazzman
ParticipantI found making numbers work in most of CA a bit of a challenge. Home prices are simply too high. So I invested in DFW, Charlotte (NC), and Las Vegas where rent ratios are +1. Texas prices were the least bubble prone, rents are strong and the economy OK. Downside is property tax and insurance. Las Vegas over-corrected and finding a home was not difficult. Finding a tenant was a little harder as vacancy rates were higher. Charlotte is somewhere between the two but is a nice little earner. For out of state, the key is the property manager, which you need to find first. Condos are non-starters. SFHs, 3/2, +/-$100k seems to be a formula that offers solid returns IMO.
June 2, 2011 at 7:34 AM #700709ParticipantI found making numbers work in most of CA a bit of a challenge. Home prices are simply too high. So I invested in DFW, Charlotte (NC), and Las Vegas where rent ratios are +1. Texas prices were the least bubble prone, rents are strong and the economy OK. Downside is property tax and insurance. Las Vegas over-corrected and finding a home was not difficult. Finding a tenant was a little harder as vacancy rates were higher. Charlotte is somewhere between the two but is a nice little earner. For out of state, the key is the property manager, which you need to find first. Condos are non-starters. SFHs, 3/2, +/-$100k seems to be a formula that offers solid returns IMO.
June 2, 2011 at 7:34 AM #701301ParticipantI found making numbers work in most of CA a bit of a challenge. Home prices are simply too high. So I invested in DFW, Charlotte (NC), and Las Vegas where rent ratios are +1. Texas prices were the least bubble prone, rents are strong and the economy OK. Downside is property tax and insurance. Las Vegas over-corrected and finding a home was not difficult. Finding a tenant was a little harder as vacancy rates were higher. Charlotte is somewhere between the two but is a nice little earner. For out of state, the key is the property manager, which you need to find first. Condos are non-starters. SFHs, 3/2, +/-$100k seems to be a formula that offers solid returns IMO.
June 2, 2011 at 7:34 AM #701450ParticipantI found making numbers work in most of CA a bit of a challenge. Home prices are simply too high. So I invested in DFW, Charlotte (NC), and Las Vegas where rent ratios are +1. Texas prices were the least bubble prone, rents are strong and the economy OK. Downside is property tax and insurance. Las Vegas over-corrected and finding a home was not difficult. Finding a tenant was a little harder as vacancy rates were higher. Charlotte is somewhere between the two but is a nice little earner. For out of state, the key is the property manager, which you need to find first. Condos are non-starters. SFHs, 3/2, +/-$100k seems to be a formula that offers solid returns IMO.
June 2, 2011 at 7:34 AM #701809ParticipantI found making numbers work in most of CA a bit of a challenge. Home prices are simply too high. So I invested in DFW, Charlotte (NC), and Las Vegas where rent ratios are +1. Texas prices were the least bubble prone, rents are strong and the economy OK. Downside is property tax and insurance. Las Vegas over-corrected and finding a home was not difficult. Finding a tenant was a little harder as vacancy rates were higher. Charlotte is somewhere between the two but is a nice little earner. For out of state, the key is the property manager, which you need to find first. Condos are non-starters. SFHs, 3/2, +/-$100k seems to be a formula that offers solid returns IMO.
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