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SD Realtor
ParticipantYep Citibank owns it now and that was the trustee sale price you saw….
Last sale in 05 was 1.2M with about 1.16M financed.
SD Realtor
SD Realtor
ParticipantYep Citibank owns it now and that was the trustee sale price you saw….
Last sale in 05 was 1.2M with about 1.16M financed.
SD Realtor
SD Realtor
ParticipantYep Citibank owns it now and that was the trustee sale price you saw….
Last sale in 05 was 1.2M with about 1.16M financed.
SD Realtor
SD Realtor
ParticipantSurveyor –
Yours is an example of diligence and hard work to achieve (what looks like) a potentially sound investment in rental property. Your methods appear to be based on alot of legwork, study, and working with local realtors/property managers. Also the most important point seems to be that a substantial amount of time studying the demographics/employment/economic (growth potential) of the areas you invest in is performed.
It is a very sound approach and has produced, and will continue to produce great returns for you. What is clearly evident, (at least to me) is that there is more work involved then people think. Congrats on your finds and I am sure there will be more in the future.
SD Realtor
SD Realtor
ParticipantSurveyor –
Yours is an example of diligence and hard work to achieve (what looks like) a potentially sound investment in rental property. Your methods appear to be based on alot of legwork, study, and working with local realtors/property managers. Also the most important point seems to be that a substantial amount of time studying the demographics/employment/economic (growth potential) of the areas you invest in is performed.
It is a very sound approach and has produced, and will continue to produce great returns for you. What is clearly evident, (at least to me) is that there is more work involved then people think. Congrats on your finds and I am sure there will be more in the future.
SD Realtor
SD Realtor
ParticipantSurveyor –
Yours is an example of diligence and hard work to achieve (what looks like) a potentially sound investment in rental property. Your methods appear to be based on alot of legwork, study, and working with local realtors/property managers. Also the most important point seems to be that a substantial amount of time studying the demographics/employment/economic (growth potential) of the areas you invest in is performed.
It is a very sound approach and has produced, and will continue to produce great returns for you. What is clearly evident, (at least to me) is that there is more work involved then people think. Congrats on your finds and I am sure there will be more in the future.
SD Realtor
SD Realtor
ParticipantSurveyor –
Yours is an example of diligence and hard work to achieve (what looks like) a potentially sound investment in rental property. Your methods appear to be based on alot of legwork, study, and working with local realtors/property managers. Also the most important point seems to be that a substantial amount of time studying the demographics/employment/economic (growth potential) of the areas you invest in is performed.
It is a very sound approach and has produced, and will continue to produce great returns for you. What is clearly evident, (at least to me) is that there is more work involved then people think. Congrats on your finds and I am sure there will be more in the future.
SD Realtor
SD Realtor
ParticipantSurveyor –
Yours is an example of diligence and hard work to achieve (what looks like) a potentially sound investment in rental property. Your methods appear to be based on alot of legwork, study, and working with local realtors/property managers. Also the most important point seems to be that a substantial amount of time studying the demographics/employment/economic (growth potential) of the areas you invest in is performed.
It is a very sound approach and has produced, and will continue to produce great returns for you. What is clearly evident, (at least to me) is that there is more work involved then people think. Congrats on your finds and I am sure there will be more in the future.
SD Realtor
SD Realtor
ParticipantCyphire –
The local analysis is a good idea. As you indicated, getting information on credits for repairs, closing costs, etc is hard to do. However you can fudge a number in and keep it uniform for all of the properties you look at. Given the part of town you are in, MLS stuff would give you a pretty good swag as the number of non MLS sold homes tends to go down in higher median areas. You can ask any local realtor to dig for you and start sending you individual solds in your target area and you can start to compile ppsf numbers along with other statistics. You can even go to sdlookup and other sites to gather the information. I think other stats like market time, and whether each listing had previously been listed may be useful as well to get a measure of how motivated was the seller to price the home to sell.
SD Realtor
SD Realtor
ParticipantCyphire –
The local analysis is a good idea. As you indicated, getting information on credits for repairs, closing costs, etc is hard to do. However you can fudge a number in and keep it uniform for all of the properties you look at. Given the part of town you are in, MLS stuff would give you a pretty good swag as the number of non MLS sold homes tends to go down in higher median areas. You can ask any local realtor to dig for you and start sending you individual solds in your target area and you can start to compile ppsf numbers along with other statistics. You can even go to sdlookup and other sites to gather the information. I think other stats like market time, and whether each listing had previously been listed may be useful as well to get a measure of how motivated was the seller to price the home to sell.
SD Realtor
SD Realtor
ParticipantCyphire –
The local analysis is a good idea. As you indicated, getting information on credits for repairs, closing costs, etc is hard to do. However you can fudge a number in and keep it uniform for all of the properties you look at. Given the part of town you are in, MLS stuff would give you a pretty good swag as the number of non MLS sold homes tends to go down in higher median areas. You can ask any local realtor to dig for you and start sending you individual solds in your target area and you can start to compile ppsf numbers along with other statistics. You can even go to sdlookup and other sites to gather the information. I think other stats like market time, and whether each listing had previously been listed may be useful as well to get a measure of how motivated was the seller to price the home to sell.
SD Realtor
SD Realtor
ParticipantCyphire –
The local analysis is a good idea. As you indicated, getting information on credits for repairs, closing costs, etc is hard to do. However you can fudge a number in and keep it uniform for all of the properties you look at. Given the part of town you are in, MLS stuff would give you a pretty good swag as the number of non MLS sold homes tends to go down in higher median areas. You can ask any local realtor to dig for you and start sending you individual solds in your target area and you can start to compile ppsf numbers along with other statistics. You can even go to sdlookup and other sites to gather the information. I think other stats like market time, and whether each listing had previously been listed may be useful as well to get a measure of how motivated was the seller to price the home to sell.
SD Realtor
SD Realtor
ParticipantCyphire –
The local analysis is a good idea. As you indicated, getting information on credits for repairs, closing costs, etc is hard to do. However you can fudge a number in and keep it uniform for all of the properties you look at. Given the part of town you are in, MLS stuff would give you a pretty good swag as the number of non MLS sold homes tends to go down in higher median areas. You can ask any local realtor to dig for you and start sending you individual solds in your target area and you can start to compile ppsf numbers along with other statistics. You can even go to sdlookup and other sites to gather the information. I think other stats like market time, and whether each listing had previously been listed may be useful as well to get a measure of how motivated was the seller to price the home to sell.
SD Realtor
SD Realtor
Participantheheheheh –
We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.
Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.
These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.
They will find thier way down the slip n slide but it will be towards the back end of the cycle.
SD Realtor
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