I am interested in purchasing a home in Ventura County to rent out

Jherb
Home Buyer
Ventura County, CA

to my son who lives in Camarillo and is renting now. I only have approximately $45,000 to use as a down payment so I am looking for something in the $200,000 or less range. Are there single family detached homes available in that price range there? How difficult would financing be as it would not be an owner occupied home? I have a FICO score of 750 and about $110,000 yr income, my only debt being my own $900 month mortgage.

Answers (3)
Best answer: Cami Pinsak
First to answer: Barry Shapiro
Cami Pinsak
Agent
Camarillo, CA
BEST ANSWER

The first thing you are going to want to do is check with a reliable lender as to what the current requirements are for downpayments for an investment property. That will determine what price range you are able to afford. I would be happy to supply with a few different lender names to contact.

Mon Jun 29 2009, 00:33
Joe Nernberg
Home Inspector
Agoura Hills, CA

The house on Barry Street is missing GFCI electrical devices at the "new" bathroom and "brand new" kitchen. Also, an air gap is required for that dishwasher for sanitary drainage. A handrail is missing at the porch steps (safety concern). There should be a distinguishable hearth extension at the fireplace. Dual pane windows must be permitted as they must comply with current codes regarding egress.

There's my 10-minute inspection - no charge.

Sun Jun 28 2009, 21:15
Barry Shapiro
Agent
Camarillo, CA
FIRST ANSWER

Hello Jherb,
I have a listing that may be exactly what you are looking for. It's a 3+1 (1,064 sf) detached house in Camarillo, listed at $234,567. The property is completely renovated. Don't wait if you're interested, as we already have one offer on the house. You can also bid on the property directly through my website until 7:00pm tonight. I am available to show you the house today, as well. It happens to be the lowest priced 3-bedroom detached house in Camarillo right now.

Sun Jun 28 2009, 15:22

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