Theres still alot of folks from Bakersfield looking towards Tehachapi and alot of them are opting to rent or lease instead of jumping into a purchase. As far as viability it depends on the home owners basis and what property he/she is holding. With properties available in the $90-150k range in BVS, it doesnt really justify paying top dollar for access to amenities that a premium rental would allow you.
If the property the owner is holding has a low enough payment and holding costs (maintenance,association) are not too cumbersome then there is an opportunity to break even or generate cash flow. If the property would be considered a luxury rental then perhaps it is worth liquidating and buying else where at a discount and not having to worry about a rental that has negative cash flow. Best of luck to you! Contact me for a CMA or for a refferal to a pro that can provide a rental market analysis for you.... more
Do not count on info about home values on Zillow. Connect with an experienced area Realtor, who not only has access to all the data, but also has shown, sold and seen a lot of the inside of homes, their updates etc. and
will give you much more valuable information.
Edith YourRealtor4Life & Chicago Connection
Working always in the very BEST interest of her clients
There are currently 19 Active foreclosures for sale and 4 under contract in escrow. Not many considering the amount of homes in Bear Valley Springs. As an active REO Broker I would ge happy to assist if needed. You can contact me directly toll free at 1(800) 257-3557 or log on to our web site at www.directorsrealty.com.... more