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  • April 9, 2009 at 1:33 PM #379105
    cv2
    Participant

    In my complex, lots of LL are in NOD or later. That means that they have taken the rent but did not pay their expenses, such as Mortgage, HOA fees and property taxes. Of course they do not care who is renting as long as he can squeeze the last penny out of this “investment”. Actually I think they would prefer people with less perfect records because those people will unlikely come after them when the home got foreclosed.

    April 10, 2009 at 11:54 AM #378840
    Ren
    Participant

    Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. For example, check out the apartment conversions on Madison in Murrieta. Tons for sale at seemingly great prices (which will continue to drop, IMHO). Now do a search on the inland empire craigslist for “madison murrieta”. Watch that for several months, and you can see rents tanking.

    April 10, 2009 at 11:54 AM #379116
    Ren
    Participant

    Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. For example, check out the apartment conversions on Madison in Murrieta. Tons for sale at seemingly great prices (which will continue to drop, IMHO). Now do a search on the inland empire craigslist for “madison murrieta”. Watch that for several months, and you can see rents tanking.

    April 10, 2009 at 11:54 AM #379298
    Ren
    Participant

    Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. For example, check out the apartment conversions on Madison in Murrieta. Tons for sale at seemingly great prices (which will continue to drop, IMHO). Now do a search on the inland empire craigslist for “madison murrieta”. Watch that for several months, and you can see rents tanking.

    April 10, 2009 at 11:54 AM #379342
    Ren
    Participant

    Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. For example, check out the apartment conversions on Madison in Murrieta. Tons for sale at seemingly great prices (which will continue to drop, IMHO). Now do a search on the inland empire craigslist for “madison murrieta”. Watch that for several months, and you can see rents tanking.

    April 10, 2009 at 11:54 AM #379468
    Ren
    Participant

    Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. For example, check out the apartment conversions on Madison in Murrieta. Tons for sale at seemingly great prices (which will continue to drop, IMHO). Now do a search on the inland empire craigslist for “madison murrieta”. Watch that for several months, and you can see rents tanking.

    April 10, 2009 at 12:41 PM #378881
    barnaby33
    Participant

    Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.

    I haven’t spent much time looking at rentals, but I’d imagine the same thought process holds true.
    Josh

    April 10, 2009 at 12:41 PM #379156
    barnaby33
    Participant

    Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.

    I haven’t spent much time looking at rentals, but I’d imagine the same thought process holds true.
    Josh

    April 10, 2009 at 12:41 PM #379337
    barnaby33
    Participant

    Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.

    I haven’t spent much time looking at rentals, but I’d imagine the same thought process holds true.
    Josh

    April 10, 2009 at 12:41 PM #379381
    barnaby33
    Participant

    Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.

    I haven’t spent much time looking at rentals, but I’d imagine the same thought process holds true.
    Josh

    April 10, 2009 at 12:41 PM #379507
    barnaby33
    Participant

    Ren, do you really see rents tanking on CL? Part of my problem with CL for sale listings is that since its free, usually the most unrealistic listings are posted there. Why not? Maybe you’ll find that one sucker.

    I haven’t spent much time looking at rentals, but I’d imagine the same thought process holds true.
    Josh

    April 10, 2009 at 2:49 PM #378946
    cv2
    Participant

    Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?

    [quote=Ren]Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. [/quote]

    April 10, 2009 at 2:49 PM #379221
    cv2
    Participant

    Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?

    [quote=Ren]Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. [/quote]

    April 10, 2009 at 2:49 PM #379403
    cv2
    Participant

    Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?

    [quote=Ren]Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. [/quote]

    April 10, 2009 at 2:49 PM #379444
    cv2
    Participant

    Ren, is this perceived “very cash-flow-positive” or truely great opportunity? I am wondering, does the local economy have enough support for the rentals?

    [quote=Ren]Look to Murrieta/Temecula to see the future of San Diego. Properties there are very cash-flow-positive, they’re being bought up by investors, and the rental market is being flooded. [/quote]

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