Recommendation: Investment property in Temecula

[Ren]

[quote=temeculaguy]The upscale condos mostly have 40-60 year old without little kids, many living alone, the one I’m looking at is clean and the hoa is is finacially secure. I think ren already owns one, unfortunately none are listed right now that aren’t shorts with offers. If I say anymore, I’ll never get mine. I’m actually losing faith that I will because there the shadow inventory there already cam out of the shadows, almost all the ones bought between 2004 and 2007 have already been turned over. Alright, here’s the ones I like, who cares, it’s gonna be a while before I do anything, I might wait another year.

http://www.redfin.com/CA/Temecula/33618-Emerson-Way-92592/unit-A/home/12509138

http://www.redfin.com/CA/Temecula/41315-Ashton-Cir-92592/unit-C/home/12264525
[/quote]

Those are the ones I was most serious about, but didn’t end up buying one. I do think they would make great rentals. That’s where I’ll look first when it’s time to buy again.

Thanks for the info on the taxes, I had no idea condos got a break.

[paramount]

I fail to see how a condo in Temecula makes even a decent investment; most people move to Temecula to buy and live in a SFR. Condos make sense where land is truly at a premium, not in the hinterlands of Temecula.

That’s why there are very few condoes to begin with in Temecula.

[paramount]

I fail to see how a condo in Temecula makes even a decent investment; most people move to Temecula to buy and live in a SFR. Condos make sense where land is truly at a premium, not in the hinterlands of Temecula.

That’s why there are very few condoes to begin with in Temecula.

[paramount]

I fail to see how a condo in Temecula makes even a decent investment; most people move to Temecula to buy and live in a SFR. Condos make sense where land is truly at a premium, not in the hinterlands of Temecula.

That’s why there are very few condoes to begin with in Temecula.

[paramount]

I fail to see how a condo in Temecula makes even a decent investment; most people move to Temecula to buy and live in a SFR. Condos make sense where land is truly at a premium, not in the hinterlands of Temecula.

That’s why there are very few condoes to begin with in Temecula.

[paramount]

I fail to see how a condo in Temecula makes even a decent investment; most people move to Temecula to buy and live in a SFR. Condos make sense where land is truly at a premium, not in the hinterlands of Temecula.

That’s why there are very few condoes to begin with in Temecula.

[temeculaguy]

Then you are failing to see the math. It had a better rent multiplier and appreciated more during the bubble, it breaks from conventional wisdom but it’s true. It’s not about relocating here but needing to live here and wanting a particular type of housing that is in short supply in the immediate area. It’s also about looking to target a rental demographic, not a relocating purchasing demographic. When I rented in that development, most of my neighbors actually owned, most were young grandparents in their 50’s and 60’s who wanted to live by their kids and grandkids, there were also a chunk fo divorcees. I’m low 40’s so I felt a little young at cocktail parties, but they made great neighbors. With about 20k kids in the zip code and about 200 total housing units where you don’t have to do a lot of of landscape maintenence, it’s a niche that exists but is unfilled. About half had decent sized back yards, not too big, maybe 30×40 but certainly more than that a traditional condo courtyard, I rented one with a nice back lawn. The dog size restrictions of under 25 or 30 lbs made the ladies with their lap dogs happy, they could walk them within the gates adn not have to have leash wars with big dogs, in the early evening it was a lap dog parade.

And this might interest you paramount, far less criminal activity compared to small, older sfr tracts, so don’t hate cause it’s got the word “townhouse” in the name, trust the math, everything else is just opinion.

[temeculaguy]

Then you are failing to see the math. It had a better rent multiplier and appreciated more during the bubble, it breaks from conventional wisdom but it’s true. It’s not about relocating here but needing to live here and wanting a particular type of housing that is in short supply in the immediate area. It’s also about looking to target a rental demographic, not a relocating purchasing demographic. When I rented in that development, most of my neighbors actually owned, most were young grandparents in their 50’s and 60’s who wanted to live by their kids and grandkids, there were also a chunk fo divorcees. I’m low 40’s so I felt a little young at cocktail parties, but they made great neighbors. With about 20k kids in the zip code and about 200 total housing units where you don’t have to do a lot of of landscape maintenence, it’s a niche that exists but is unfilled. About half had decent sized back yards, not too big, maybe 30×40 but certainly more than that a traditional condo courtyard, I rented one with a nice back lawn. The dog size restrictions of under 25 or 30 lbs made the ladies with their lap dogs happy, they could walk them within the gates adn not have to have leash wars with big dogs, in the early evening it was a lap dog parade.

And this might interest you paramount, far less criminal activity compared to small, older sfr tracts, so don’t hate cause it’s got the word “townhouse” in the name, trust the math, everything else is just opinion.

[temeculaguy]

Then you are failing to see the math. It had a better rent multiplier and appreciated more during the bubble, it breaks from conventional wisdom but it’s true. It’s not about relocating here but needing to live here and wanting a particular type of housing that is in short supply in the immediate area. It’s also about looking to target a rental demographic, not a relocating purchasing demographic. When I rented in that development, most of my neighbors actually owned, most were young grandparents in their 50’s and 60’s who wanted to live by their kids and grandkids, there were also a chunk fo divorcees. I’m low 40’s so I felt a little young at cocktail parties, but they made great neighbors. With about 20k kids in the zip code and about 200 total housing units where you don’t have to do a lot of of landscape maintenence, it’s a niche that exists but is unfilled. About half had decent sized back yards, not too big, maybe 30×40 but certainly more than that a traditional condo courtyard, I rented one with a nice back lawn. The dog size restrictions of under 25 or 30 lbs made the ladies with their lap dogs happy, they could walk them within the gates adn not have to have leash wars with big dogs, in the early evening it was a lap dog parade.

And this might interest you paramount, far less criminal activity compared to small, older sfr tracts, so don’t hate cause it’s got the word “townhouse” in the name, trust the math, everything else is just opinion.

[temeculaguy]

Then you are failing to see the math. It had a better rent multiplier and appreciated more during the bubble, it breaks from conventional wisdom but it’s true. It’s not about relocating here but needing to live here and wanting a particular type of housing that is in short supply in the immediate area. It’s also about looking to target a rental demographic, not a relocating purchasing demographic. When I rented in that development, most of my neighbors actually owned, most were young grandparents in their 50’s and 60’s who wanted to live by their kids and grandkids, there were also a chunk fo divorcees. I’m low 40’s so I felt a little young at cocktail parties, but they made great neighbors. With about 20k kids in the zip code and about 200 total housing units where you don’t have to do a lot of of landscape maintenence, it’s a niche that exists but is unfilled. About half had decent sized back yards, not too big, maybe 30×40 but certainly more than that a traditional condo courtyard, I rented one with a nice back lawn. The dog size restrictions of under 25 or 30 lbs made the ladies with their lap dogs happy, they could walk them within the gates adn not have to have leash wars with big dogs, in the early evening it was a lap dog parade.

And this might interest you paramount, far less criminal activity compared to small, older sfr tracts, so don’t hate cause it’s got the word “townhouse” in the name, trust the math, everything else is just opinion.

[temeculaguy]

Then you are failing to see the math. It had a better rent multiplier and appreciated more during the bubble, it breaks from conventional wisdom but it’s true. It’s not about relocating here but needing to live here and wanting a particular type of housing that is in short supply in the immediate area. It’s also about looking to target a rental demographic, not a relocating purchasing demographic. When I rented in that development, most of my neighbors actually owned, most were young grandparents in their 50’s and 60’s who wanted to live by their kids and grandkids, there were also a chunk fo divorcees. I’m low 40’s so I felt a little young at cocktail parties, but they made great neighbors. With about 20k kids in the zip code and about 200 total housing units where you don’t have to do a lot of of landscape maintenence, it’s a niche that exists but is unfilled. About half had decent sized back yards, not too big, maybe 30×40 but certainly more than that a traditional condo courtyard, I rented one with a nice back lawn. The dog size restrictions of under 25 or 30 lbs made the ladies with their lap dogs happy, they could walk them within the gates adn not have to have leash wars with big dogs, in the early evening it was a lap dog parade.

And this might interest you paramount, far less criminal activity compared to small, older sfr tracts, so don’t hate cause it’s got the word “townhouse” in the name, trust the math, everything else is just opinion.

[paramount]

TG: I moved from a 800 sq ft condo prior to moving into my current house, which seemed huge @ 1500 sq ft compared to my condo.

I have nothing against condo’s or townhouses at all.

I don’t have anything against Yugo’s either, but I’m not about to stock up on those either just because they represent a niche market. There’s a reason they are in a niche market.

[paramount]

TG: I moved from a 800 sq ft condo prior to moving into my current house, which seemed huge @ 1500 sq ft compared to my condo.

I have nothing against condo’s or townhouses at all.

I don’t have anything against Yugo’s either, but I’m not about to stock up on those either just because they represent a niche market. There’s a reason they are in a niche market.

[paramount]

TG: I moved from a 800 sq ft condo prior to moving into my current house, which seemed huge @ 1500 sq ft compared to my condo.

I have nothing against condo’s or townhouses at all.

I don’t have anything against Yugo’s either, but I’m not about to stock up on those either just because they represent a niche market. There’s a reason they are in a niche market.

[paramount]

TG: I moved from a 800 sq ft condo prior to moving into my current house, which seemed huge @ 1500 sq ft compared to my condo.

I have nothing against condo’s or townhouses at all.

I don’t have anything against Yugo’s either, but I’m not about to stock up on those either just because they represent a niche market. There’s a reason they are in a niche market.

[Author]

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