[Wujohn]

[quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

There is no such thing as a free lunch[/quote]

Makes sense and once I googled your acronynm I knew what you meant. Simple risk/reward calulation.

[Wujohn]

[quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

There is no such thing as a free lunch[/quote]

Makes sense and once I googled your acronynm I knew what you meant. Simple risk/reward calulation.

[Wujohn]

[quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

There is no such thing as a free lunch[/quote]

Makes sense and once I googled your acronynm I knew what you meant. Simple risk/reward calulation.

[Wujohn]

[quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

There is no such thing as a free lunch[/quote]

Makes sense and once I googled your acronynm I knew what you meant. Simple risk/reward calulation.

[Wujohn]

[quote=sdrealtor]Just so you know what I meant. You need to balance the lower costs in other areas with higher risks. Specifically, in a place like the Central Valley (AN recommended) unemployment is much higher, finding quality tenants tougher and the risk of extended vacancies greater. Throw in 6 to 10% for a property manager and the inability to make minor repairs yourself and what looks very appealing can change. Not to say there arent good opportunites there or any other place, its just important to do thorough due diligence and have your eyes wide open in whatever you decide.

As for me, I will take a lower return to have the comfort of being able to self manage and keep a close eye on my rentals. Its different for everyone.

There is no such thing as a free lunch[/quote]

Makes sense and once I googled your acronynm I knew what you meant. Simple risk/reward calulation.

[Wujohn]

Had to google TINSTAAFL. Seriously, what did we do before Google?

Good info. I am now expanding my search and continuing my education :-).

[Wujohn]

Had to google TINSTAAFL. Seriously, what did we do before Google?

Good info. I am now expanding my search and continuing my education :-).

[Wujohn]

Had to google TINSTAAFL. Seriously, what did we do before Google?

Good info. I am now expanding my search and continuing my education :-).

[Wujohn]

Had to google TINSTAAFL. Seriously, what did we do before Google?

Good info. I am now expanding my search and continuing my education :-).

[Wujohn]

Had to google TINSTAAFL. Seriously, what did we do before Google?

Good info. I am now expanding my search and continuing my education :-).

[Wujohn]

Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

[Wujohn]

Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

[Wujohn]

Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

[Wujohn]

Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

[Wujohn]

Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

[Author]

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