AV is good, and anything closer to or in theSF Valley is good too.
One other suggestion, is that it is probably a good idea to buy multiple properties at this time since rates and prices are way down, rather than multi-units. This way if you ever need to free up some cash you can always sell one off and still have some investments to rent. Best of luck your on the right track.
Born and raised in AV,
Tracy Van De Mark
Keller Williams Realty
(SRAR & GAVAR MLS)
That's a great question. The Antelope Valley rental marketplace is increasing tremendously. With the increase in REO and distressed properties, more homes are being bought by investors and rent out quickly. There truly isn't enough supply for the demand. Housing is still very affordable and interest rates are historically low. If ever there was a time to invest in real estate it's now! Your dollars will reep a greater return closer to the new development, hospitals and retailers which are attracting more residents in from surrounding cities throughout los angeles county. Location is key when choosing where to invest. It may be good advise for you research the neighborhoods and rentals in order to make an educated decision before you preview homes.
I'm a member of the Greater Antelope Valley Association of Realtors and the Southern Regional Association of Realtors which gives my clients the advantage of purchasing anywhere in southern california. Please let me know if I can be of service to you. Best wishes!
Katrina Roth, Realtor
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355
Antelope Valley is an excellent investment area right now - home prices are still down, and the rental market is strong. With a large foreclosure market - the homeowners aren't moving out of the Antelope Valley, they are becoming the new rental market.
If you'd like a list of properties currently available, please contact me or check out my website. I wish you the best of luck.
Tamara Stoebe, REALTOR, GRI, QSC, e-PRO, Notary
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006