[temeculaguy]

I took the link and the exact hoa fee is $666, combine that with the fact that the first description from sdrealtor is that it felt like the morgue. That is just super creepy!!! If I lived there I’d break a few things in the common areas just so they would raise the hoa fees a dollar.

[temeculaguy]

I took the link and the exact hoa fee is $666, combine that with the fact that the first description from sdrealtor is that it felt like the morgue. That is just super creepy!!! If I lived there I’d break a few things in the common areas just so they would raise the hoa fees a dollar.

[temeculaguy]

I took the link and the exact hoa fee is $666, combine that with the fact that the first description from sdrealtor is that it felt like the morgue. That is just super creepy!!! If I lived there I’d break a few things in the common areas just so they would raise the hoa fees a dollar.

[temeculaguy]

I took the link and the exact hoa fee is $666, combine that with the fact that the first description from sdrealtor is that it felt like the morgue. That is just super creepy!!! If I lived there I’d break a few things in the common areas just so they would raise the hoa fees a dollar.

[temeculaguy]

bearishgirl, before a condo purchase and before assuming their expenses, you can just ask the association for their financial statement. They produce an annual report for all the owners, they will give you one, they aren’t allowed to make a profit and they let the owners know where the money goes. While there are many examples, it is not an absolute rule that sfr’s appreciate more than condos. I can cite examples where condos out appreciated sfr’s (and also crashed harder) because they tend to occupy the lower end of the demographic, where there are more people and in a crazy market like san diego, where the average family cannot afford a house, that end of the market gets more play. It’s also not true that sfr’s command more rent, in nominal terms, yes, but in rent to cost or rent multiplier, condos usually win, which is what you look at for rentals. Sfr’s also attract just as many problem tennants, sometimes more, because people with big dogs or lots of animals or people prefer those places, families sharing a place prefer them and people with lots of junk like them. They also require more money after a problem renter, there’s just more to fix including the grounds. I’m not saying one is better than the other, just that you cannot use absolute terms in comparing them. My family experience with rentals over the years has produced mixed results but always has come down to rent multiplier, the lower the number, the better it worked out, with one exception, the senior citizen community sfr has always been a winner. It rarely turns over, they usually stay until they pass on, turnover hits the bottom line with rentals, younger demographics are harder on property and there seems to be and endless supply of senior citizens. It doesn’t appreciate like the more hip condos but it stays rented, it was cheap and it’s been paid off for years, my dad has never uttered a complaint about that one. I thought about buying one but it lacks flexibility, if life serves up a curveball you can’t live in it unless you are old enough and you can’t allow a relative to stay in it unless they are. That has kept me from looking at them for my first solo rental investment.

[temeculaguy]

bearishgirl, before a condo purchase and before assuming their expenses, you can just ask the association for their financial statement. They produce an annual report for all the owners, they will give you one, they aren’t allowed to make a profit and they let the owners know where the money goes. While there are many examples, it is not an absolute rule that sfr’s appreciate more than condos. I can cite examples where condos out appreciated sfr’s (and also crashed harder) because they tend to occupy the lower end of the demographic, where there are more people and in a crazy market like san diego, where the average family cannot afford a house, that end of the market gets more play. It’s also not true that sfr’s command more rent, in nominal terms, yes, but in rent to cost or rent multiplier, condos usually win, which is what you look at for rentals. Sfr’s also attract just as many problem tennants, sometimes more, because people with big dogs or lots of animals or people prefer those places, families sharing a place prefer them and people with lots of junk like them. They also require more money after a problem renter, there’s just more to fix including the grounds. I’m not saying one is better than the other, just that you cannot use absolute terms in comparing them. My family experience with rentals over the years has produced mixed results but always has come down to rent multiplier, the lower the number, the better it worked out, with one exception, the senior citizen community sfr has always been a winner. It rarely turns over, they usually stay until they pass on, turnover hits the bottom line with rentals, younger demographics are harder on property and there seems to be and endless supply of senior citizens. It doesn’t appreciate like the more hip condos but it stays rented, it was cheap and it’s been paid off for years, my dad has never uttered a complaint about that one. I thought about buying one but it lacks flexibility, if life serves up a curveball you can’t live in it unless you are old enough and you can’t allow a relative to stay in it unless they are. That has kept me from looking at them for my first solo rental investment.

[temeculaguy]

bearishgirl, before a condo purchase and before assuming their expenses, you can just ask the association for their financial statement. They produce an annual report for all the owners, they will give you one, they aren’t allowed to make a profit and they let the owners know where the money goes. While there are many examples, it is not an absolute rule that sfr’s appreciate more than condos. I can cite examples where condos out appreciated sfr’s (and also crashed harder) because they tend to occupy the lower end of the demographic, where there are more people and in a crazy market like san diego, where the average family cannot afford a house, that end of the market gets more play. It’s also not true that sfr’s command more rent, in nominal terms, yes, but in rent to cost or rent multiplier, condos usually win, which is what you look at for rentals. Sfr’s also attract just as many problem tennants, sometimes more, because people with big dogs or lots of animals or people prefer those places, families sharing a place prefer them and people with lots of junk like them. They also require more money after a problem renter, there’s just more to fix including the grounds. I’m not saying one is better than the other, just that you cannot use absolute terms in comparing them. My family experience with rentals over the years has produced mixed results but always has come down to rent multiplier, the lower the number, the better it worked out, with one exception, the senior citizen community sfr has always been a winner. It rarely turns over, they usually stay until they pass on, turnover hits the bottom line with rentals, younger demographics are harder on property and there seems to be and endless supply of senior citizens. It doesn’t appreciate like the more hip condos but it stays rented, it was cheap and it’s been paid off for years, my dad has never uttered a complaint about that one. I thought about buying one but it lacks flexibility, if life serves up a curveball you can’t live in it unless you are old enough and you can’t allow a relative to stay in it unless they are. That has kept me from looking at them for my first solo rental investment.

[temeculaguy]

bearishgirl, before a condo purchase and before assuming their expenses, you can just ask the association for their financial statement. They produce an annual report for all the owners, they will give you one, they aren’t allowed to make a profit and they let the owners know where the money goes. While there are many examples, it is not an absolute rule that sfr’s appreciate more than condos. I can cite examples where condos out appreciated sfr’s (and also crashed harder) because they tend to occupy the lower end of the demographic, where there are more people and in a crazy market like san diego, where the average family cannot afford a house, that end of the market gets more play. It’s also not true that sfr’s command more rent, in nominal terms, yes, but in rent to cost or rent multiplier, condos usually win, which is what you look at for rentals. Sfr’s also attract just as many problem tennants, sometimes more, because people with big dogs or lots of animals or people prefer those places, families sharing a place prefer them and people with lots of junk like them. They also require more money after a problem renter, there’s just more to fix including the grounds. I’m not saying one is better than the other, just that you cannot use absolute terms in comparing them. My family experience with rentals over the years has produced mixed results but always has come down to rent multiplier, the lower the number, the better it worked out, with one exception, the senior citizen community sfr has always been a winner. It rarely turns over, they usually stay until they pass on, turnover hits the bottom line with rentals, younger demographics are harder on property and there seems to be and endless supply of senior citizens. It doesn’t appreciate like the more hip condos but it stays rented, it was cheap and it’s been paid off for years, my dad has never uttered a complaint about that one. I thought about buying one but it lacks flexibility, if life serves up a curveball you can’t live in it unless you are old enough and you can’t allow a relative to stay in it unless they are. That has kept me from looking at them for my first solo rental investment.

[temeculaguy]

bearishgirl, before a condo purchase and before assuming their expenses, you can just ask the association for their financial statement. They produce an annual report for all the owners, they will give you one, they aren’t allowed to make a profit and they let the owners know where the money goes. While there are many examples, it is not an absolute rule that sfr’s appreciate more than condos. I can cite examples where condos out appreciated sfr’s (and also crashed harder) because they tend to occupy the lower end of the demographic, where there are more people and in a crazy market like san diego, where the average family cannot afford a house, that end of the market gets more play. It’s also not true that sfr’s command more rent, in nominal terms, yes, but in rent to cost or rent multiplier, condos usually win, which is what you look at for rentals. Sfr’s also attract just as many problem tennants, sometimes more, because people with big dogs or lots of animals or people prefer those places, families sharing a place prefer them and people with lots of junk like them. They also require more money after a problem renter, there’s just more to fix including the grounds. I’m not saying one is better than the other, just that you cannot use absolute terms in comparing them. My family experience with rentals over the years has produced mixed results but always has come down to rent multiplier, the lower the number, the better it worked out, with one exception, the senior citizen community sfr has always been a winner. It rarely turns over, they usually stay until they pass on, turnover hits the bottom line with rentals, younger demographics are harder on property and there seems to be and endless supply of senior citizens. It doesn’t appreciate like the more hip condos but it stays rented, it was cheap and it’s been paid off for years, my dad has never uttered a complaint about that one. I thought about buying one but it lacks flexibility, if life serves up a curveball you can’t live in it unless you are old enough and you can’t allow a relative to stay in it unless they are. That has kept me from looking at them for my first solo rental investment.

[temeculaguy]

I like your numbers, close to 100x rent multiplier. People trash talk condos as investments but that hoa takes care of some crap you would have to pay for if it was an sfh. trash, exterior water, landscaping, fire insurance, etc. it comes out in the wash, if your rent numbers are right and can get it for that price, you are close to rent nuetral from the start, a good sign. In ten years, it’s a flowing cash cow, if you put in the work and have the reserves for bad months and problem tennants.

I think the best way to evaluate a potential investment rental is by running the numbers and assuming it will never go up in value. Too many people factor a few years of survival and a windfall from appreciation, if that appreciation never comes, what then? Your scenario looks good, make sure the loan is fixed so in a decade or two, you’ve actually paid down the loan, never refi, never take cash out, once it rents for more than it costs, bank the difference, but don’t spend it. When that builds up, at the next downturn, buy another, lather, rinse, repeat, in 30 years you own a few of them outright, by using the cash flow from the oldest to pay down the newest. I stole this little strategy from my parents, they are retiring and are pretty happy with how things went, it wasn’t easy and it wasn’t quick, but it works.

[temeculaguy]

I like your numbers, close to 100x rent multiplier. People trash talk condos as investments but that hoa takes care of some crap you would have to pay for if it was an sfh. trash, exterior water, landscaping, fire insurance, etc. it comes out in the wash, if your rent numbers are right and can get it for that price, you are close to rent nuetral from the start, a good sign. In ten years, it’s a flowing cash cow, if you put in the work and have the reserves for bad months and problem tennants.

I think the best way to evaluate a potential investment rental is by running the numbers and assuming it will never go up in value. Too many people factor a few years of survival and a windfall from appreciation, if that appreciation never comes, what then? Your scenario looks good, make sure the loan is fixed so in a decade or two, you’ve actually paid down the loan, never refi, never take cash out, once it rents for more than it costs, bank the difference, but don’t spend it. When that builds up, at the next downturn, buy another, lather, rinse, repeat, in 30 years you own a few of them outright, by using the cash flow from the oldest to pay down the newest. I stole this little strategy from my parents, they are retiring and are pretty happy with how things went, it wasn’t easy and it wasn’t quick, but it works.

[temeculaguy]

I like your numbers, close to 100x rent multiplier. People trash talk condos as investments but that hoa takes care of some crap you would have to pay for if it was an sfh. trash, exterior water, landscaping, fire insurance, etc. it comes out in the wash, if your rent numbers are right and can get it for that price, you are close to rent nuetral from the start, a good sign. In ten years, it’s a flowing cash cow, if you put in the work and have the reserves for bad months and problem tennants.

I think the best way to evaluate a potential investment rental is by running the numbers and assuming it will never go up in value. Too many people factor a few years of survival and a windfall from appreciation, if that appreciation never comes, what then? Your scenario looks good, make sure the loan is fixed so in a decade or two, you’ve actually paid down the loan, never refi, never take cash out, once it rents for more than it costs, bank the difference, but don’t spend it. When that builds up, at the next downturn, buy another, lather, rinse, repeat, in 30 years you own a few of them outright, by using the cash flow from the oldest to pay down the newest. I stole this little strategy from my parents, they are retiring and are pretty happy with how things went, it wasn’t easy and it wasn’t quick, but it works.

[temeculaguy]

I like your numbers, close to 100x rent multiplier. People trash talk condos as investments but that hoa takes care of some crap you would have to pay for if it was an sfh. trash, exterior water, landscaping, fire insurance, etc. it comes out in the wash, if your rent numbers are right and can get it for that price, you are close to rent nuetral from the start, a good sign. In ten years, it’s a flowing cash cow, if you put in the work and have the reserves for bad months and problem tennants.

I think the best way to evaluate a potential investment rental is by running the numbers and assuming it will never go up in value. Too many people factor a few years of survival and a windfall from appreciation, if that appreciation never comes, what then? Your scenario looks good, make sure the loan is fixed so in a decade or two, you’ve actually paid down the loan, never refi, never take cash out, once it rents for more than it costs, bank the difference, but don’t spend it. When that builds up, at the next downturn, buy another, lather, rinse, repeat, in 30 years you own a few of them outright, by using the cash flow from the oldest to pay down the newest. I stole this little strategy from my parents, they are retiring and are pretty happy with how things went, it wasn’t easy and it wasn’t quick, but it works.

[temeculaguy]

I like your numbers, close to 100x rent multiplier. People trash talk condos as investments but that hoa takes care of some crap you would have to pay for if it was an sfh. trash, exterior water, landscaping, fire insurance, etc. it comes out in the wash, if your rent numbers are right and can get it for that price, you are close to rent nuetral from the start, a good sign. In ten years, it’s a flowing cash cow, if you put in the work and have the reserves for bad months and problem tennants.

I think the best way to evaluate a potential investment rental is by running the numbers and assuming it will never go up in value. Too many people factor a few years of survival and a windfall from appreciation, if that appreciation never comes, what then? Your scenario looks good, make sure the loan is fixed so in a decade or two, you’ve actually paid down the loan, never refi, never take cash out, once it rents for more than it costs, bank the difference, but don’t spend it. When that builds up, at the next downturn, buy another, lather, rinse, repeat, in 30 years you own a few of them outright, by using the cash flow from the oldest to pay down the newest. I stole this little strategy from my parents, they are retiring and are pretty happy with how things went, it wasn’t easy and it wasn’t quick, but it works.

[temeculaguy]

I hate them, go conventional especially if you have kids or pets. They all break, maybe not the first few years but they will break and the manufacturers come and go so it makes getting parts difficult. The screen material is exponentially more expensive if it needs replacement. I found them more expensive than other screen doors, I think i paid $300 for the front door which was standard sized or maybe a little tall. The wife at the time had to have it because all her friends had one. Within a few years, all those friends had removed them and thrown them out. While they were made by different companies and installed by different companies, not one was in existence 5 years later, so the lifetime warranty doesn’t mean squat. I’m trying to remember how many people it happened to so this doesn’t sound too anectdotal, I’m going to guess 8, but more importantly, I know not a single person who has one that still works and who has had it for more than a few years.

I took the clearview link, the contactor states they have been in business since 2002, so at 8 years it is longer than most, but i wonder how long they have been selling that brand of screen. The slowing down technology sounds promising, mine closed too fast and that’s where the problems seem to begin. One buddy of mine used a company that changed names after a few years and changed manufacturers of their screen to avoid all the warranty claims. He had them come fix it about 5 times in the first few years, then once they stopped honoring the warranty, he had it removed. He had a bunch of little kids and a big dog, a screen like that had about a 90 day lifespan at his place, you place might be a lot different and the screens may have gotten better, but just be cautious, the old school screen doors have stood the test of time, these haven’t.

[Author]

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