[recordsclerk]

If you have the cash, you might want to try Trustees auctions. You can easily save 10% on purchase price. The only closing cost is the transfer fee which is about $200 for $200,000 purchase. You need to do your homework before you jump in. The margins are not that good for flipping, but buy and hold is still a viable option. We bought a newer town home in Chula Vista (91914) that rents for 1800+ (3bd/2.5ba/2cargarage). We tried to relocate our tennants and it was a real challenge finding rentals in that area. Every new listing would get snatched up real fast. We had the same thing happen 6 months before when we were relocating other tennants on a smilar town home in Otay Ranch. In both cases units going for $1800 for 3bd/2.5ba were hard to find and would go real fast after being listed. These town homes retail for 230-255, but at trustees you can find one for around 180-210 if you have patience and time. The tax rates and HOA are high, but you have zero to no maintainance for newer contruction 2004-2007. ROI in not that great, but for someone looking for newer construction that pencils out, you might want to give Chula Vista a look.
My partner also has a Condo (3bd/2bat)in 92120. Units in the complex are selling for 130-160 for the 3 bed and 110-130 for 2 bed/2 bath. Rents for the 3 bed are about 1500 and 1300 for the 2 bed.
My aunt has a 2bd/2ba condo in north park near 30th that rents for $1400. It does have wash/dry and 1 car garage. She has no problem renting that place out. The condos in her complex go for about 140-150. There are only 8 units, so it’s real hard to comp since there have not been any sales in the last year. Also not every unit has wash/dry, garage. Of street parking is big in North Park. Having a wash/dry and garage can get at least $100 prem.
We are not big time investors. We are just normal people that have done our homework.

[recordsclerk]

If you have the cash, you might want to try Trustees auctions. You can easily save 10% on purchase price. The only closing cost is the transfer fee which is about $200 for $200,000 purchase. You need to do your homework before you jump in. The margins are not that good for flipping, but buy and hold is still a viable option. We bought a newer town home in Chula Vista (91914) that rents for 1800+ (3bd/2.5ba/2cargarage). We tried to relocate our tennants and it was a real challenge finding rentals in that area. Every new listing would get snatched up real fast. We had the same thing happen 6 months before when we were relocating other tennants on a smilar town home in Otay Ranch. In both cases units going for $1800 for 3bd/2.5ba were hard to find and would go real fast after being listed. These town homes retail for 230-255, but at trustees you can find one for around 180-210 if you have patience and time. The tax rates and HOA are high, but you have zero to no maintainance for newer contruction 2004-2007. ROI in not that great, but for someone looking for newer construction that pencils out, you might want to give Chula Vista a look.
My partner also has a Condo (3bd/2bat)in 92120. Units in the complex are selling for 130-160 for the 3 bed and 110-130 for 2 bed/2 bath. Rents for the 3 bed are about 1500 and 1300 for the 2 bed.
My aunt has a 2bd/2ba condo in north park near 30th that rents for $1400. It does have wash/dry and 1 car garage. She has no problem renting that place out. The condos in her complex go for about 140-150. There are only 8 units, so it’s real hard to comp since there have not been any sales in the last year. Also not every unit has wash/dry, garage. Of street parking is big in North Park. Having a wash/dry and garage can get at least $100 prem.
We are not big time investors. We are just normal people that have done our homework.

[recordsclerk]

Ricechex,

Is this a smaller home? My Somali tennants keep asking me if I have another rental for their friends. They are looking for 4+ beds and already section 8 clients. 4 beds can rent for $2000 if you can show comps.

[recordsclerk]

Ricechex,

Is this a smaller home? My Somali tennants keep asking me if I have another rental for their friends. They are looking for 4+ beds and already section 8 clients. 4 beds can rent for $2000 if you can show comps.

[recordsclerk]

Ricechex,

Is this a smaller home? My Somali tennants keep asking me if I have another rental for their friends. They are looking for 4+ beds and already section 8 clients. 4 beds can rent for $2000 if you can show comps.

[recordsclerk]

Ricechex,

Is this a smaller home? My Somali tennants keep asking me if I have another rental for their friends. They are looking for 4+ beds and already section 8 clients. 4 beds can rent for $2000 if you can show comps.

[recordsclerk]

Ricechex,

Is this a smaller home? My Somali tennants keep asking me if I have another rental for their friends. They are looking for 4+ beds and already section 8 clients. 4 beds can rent for $2000 if you can show comps.

[recordsclerk]

You need to ask for the rebate before you start with any realtor. It is their option to work with someone that wants a rebate. This is not something that every agent is willing to do. Please do not assume that they owe you anything. I have been a very difficult buyer and have and will continue to work with the same realtor because of he amount of time he has spent with me. Before you work with realtor make sure what split he/she gets from their broker. If they are an independent then they get the full comission otherwise it’s split between the brokerage and the agent. The spilt with the brokerage can very, so you need to ask your realtor what their cut is and what they are willing to share with you. Getting it in writing is the best way to go. Also as a buyer you want the rebate written into the offer so you don’t have to pay taxes on the commission. Either have it go towards the closing cost or down payment or negoiate a lower purchase price. If you want a rebate try doing some of the legwork yourself. Get to know what you want before involving your agent. It’s easy enough to do drive-bys before bringing your agent along to get in.

[recordsclerk]

You need to ask for the rebate before you start with any realtor. It is their option to work with someone that wants a rebate. This is not something that every agent is willing to do. Please do not assume that they owe you anything. I have been a very difficult buyer and have and will continue to work with the same realtor because of he amount of time he has spent with me. Before you work with realtor make sure what split he/she gets from their broker. If they are an independent then they get the full comission otherwise it’s split between the brokerage and the agent. The spilt with the brokerage can very, so you need to ask your realtor what their cut is and what they are willing to share with you. Getting it in writing is the best way to go. Also as a buyer you want the rebate written into the offer so you don’t have to pay taxes on the commission. Either have it go towards the closing cost or down payment or negoiate a lower purchase price. If you want a rebate try doing some of the legwork yourself. Get to know what you want before involving your agent. It’s easy enough to do drive-bys before bringing your agent along to get in.

[recordsclerk]

You need to ask for the rebate before you start with any realtor. It is their option to work with someone that wants a rebate. This is not something that every agent is willing to do. Please do not assume that they owe you anything. I have been a very difficult buyer and have and will continue to work with the same realtor because of he amount of time he has spent with me. Before you work with realtor make sure what split he/she gets from their broker. If they are an independent then they get the full comission otherwise it’s split between the brokerage and the agent. The spilt with the brokerage can very, so you need to ask your realtor what their cut is and what they are willing to share with you. Getting it in writing is the best way to go. Also as a buyer you want the rebate written into the offer so you don’t have to pay taxes on the commission. Either have it go towards the closing cost or down payment or negoiate a lower purchase price. If you want a rebate try doing some of the legwork yourself. Get to know what you want before involving your agent. It’s easy enough to do drive-bys before bringing your agent along to get in.

[recordsclerk]

You need to ask for the rebate before you start with any realtor. It is their option to work with someone that wants a rebate. This is not something that every agent is willing to do. Please do not assume that they owe you anything. I have been a very difficult buyer and have and will continue to work with the same realtor because of he amount of time he has spent with me. Before you work with realtor make sure what split he/she gets from their broker. If they are an independent then they get the full comission otherwise it’s split between the brokerage and the agent. The spilt with the brokerage can very, so you need to ask your realtor what their cut is and what they are willing to share with you. Getting it in writing is the best way to go. Also as a buyer you want the rebate written into the offer so you don’t have to pay taxes on the commission. Either have it go towards the closing cost or down payment or negoiate a lower purchase price. If you want a rebate try doing some of the legwork yourself. Get to know what you want before involving your agent. It’s easy enough to do drive-bys before bringing your agent along to get in.

[recordsclerk]

You need to ask for the rebate before you start with any realtor. It is their option to work with someone that wants a rebate. This is not something that every agent is willing to do. Please do not assume that they owe you anything. I have been a very difficult buyer and have and will continue to work with the same realtor because of he amount of time he has spent with me. Before you work with realtor make sure what split he/she gets from their broker. If they are an independent then they get the full comission otherwise it’s split between the brokerage and the agent. The spilt with the brokerage can very, so you need to ask your realtor what their cut is and what they are willing to share with you. Getting it in writing is the best way to go. Also as a buyer you want the rebate written into the offer so you don’t have to pay taxes on the commission. Either have it go towards the closing cost or down payment or negoiate a lower purchase price. If you want a rebate try doing some of the legwork yourself. Get to know what you want before involving your agent. It’s easy enough to do drive-bys before bringing your agent along to get in.

[recordsclerk]

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[recordsclerk]

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[recordsclerk]

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