Home Buying in 92881>Question Details

Kristina, Home Buyer in Jasiewicz

I am starting my real estate investment career. I am looking at Corona. Is this a good area to invest in? I

Asked by Kristina, Jasiewicz Sun Feb 8, 2009

wanted to know how hard it is to rent out a place after it is purchased.

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10
Kristina, Use these sites for Rental trends and comparables....http://www.zilpy.com/
http://www.rentometer.com/

Use this site for Housing trends, crimes statistics, schools and more, all info from county records. Can break it down to nrighborhoods....http://www.bhgrealestate.com/Views/Look/Default.aspx

Trulias price map...http://www.trulia.com/home_prices/California/Corona-heat_map/

http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp ....This site will give you links to the Bank and Gov. Property for sale sites. ......http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Examples of Property for sale sites from the above link..
http://www.countrywide.com/purchase/f_reo.asp
http://www.homesteps.com/hm01_1featuresearch.htm
http://www.hud.gov/homes/index.cfm
http://bankofamerica.reo.com/search/

Research and do more research if you plan to invest money.
Good luck, Dunes
2 votes Thank Flag Link Mon Feb 9, 2009
Owning and operating a brokerage in Corona and being a Real Estate Investor myself, I know that there are many strategies that can be employed, some more profitably than others, as I'm sure you are learning.

I applaud you for recognizing real estate as one of the vehicles that creates long-term sustainable wealth. There are many golden opportunities in this market.

Feel free to contact me if you have any specific questions. There is a lot of knowledge available to assist you toward a successful real estate investing career.

By the way, if you'd like to see a list of the hottest new listings or access free reports on the most relevant real estate information in Southern California, such as what you should know before you buy a home, I strongly suggest you check out http://SoCalHomesNow.com

Good luck!
Web Reference: http://SUCCESSeREALTY.com
1 vote Thank Flag Link Wed Mar 18, 2009
Hi Kristina:

Corona is a great place to buy investment property. There are 1391 properties for sale in Corona so there is a lot to choose from. You want to pick a Realtor who can help you with what area's rent for what and you want to look at what the homes were being sold for at the top of their market to get an idea of what you might want to expect in appreciation. As state by Laura a lot depends on the money that you have to put down and the length of time that you are planning to keep them. Make sure that you don't over extend your self and that you have reserves to fix up some properties and to cover the rent if vacant. It usually isn't very hard to rent out most properties. Give me a call and we can discuss what your goals are and how I can help you achieve them.
Diana 909-945-5763
Web Reference: http://www.DianaM.com
1 vote Thank Flag Link Sun Feb 8, 2009
Corona is a wonderful place to buy property. Everything depends on what type of investing that you are planning to do, and how long you plan to own the property. There is a lot of rental property on the market, but if the rent is reasonable, you should be able to find tenants. You must also consider what type of tenants you will be renting to. If you are using Section 8 (guaranteed rent...paod via direct deposit to your account by the government), I would suggest Riverside or Moreno Valley. You will have a better profit margin there. If you are investing to hold & sell when the market turns, then I would suggest that the closer that you can get to Orange County, the better. If you have any questions about investing, 1031 tax exchanges or any other real estate questions, please feel free to call me or send me an email. I would be happy to answer all of your questions. I have worked with investors for more than 14 years, and I am an investor as well.

Laura Marshall - Realtor
Park Place GMAC
(951) 333-7197
laura_m@parkplacegmac
1 vote Thank Flag Link Sun Feb 8, 2009
There are great investments in just about any community. Some better than others, definitely. This is a great time to get started investing. Our office has taken on several new investors lately due to the drop in real estate values over the past 4 years.

Cheers,
Cameron Novak, Broker
The Homefinding Center
0 votes Thank Flag Link Mon Aug 29, 2011
Kristina,

Corona has and will be a very popular high demand area to buy because it is neighboring to OC and it is a great value compared to OC home prices. As for rentals there will always be a demand for rentals since the wave of short sales and foreclosures continues.
Did you ever end up buying a rental property in Corona?

Lydia Kray
Tarbell Realtors
http://www.LydiaKray.com
cell 951-733-1058
Web Reference: http://www.LydiaKray.com
0 votes Thank Flag Link Thu Jun 16, 2011
Yes! Kristina, Corona is an excellent area to invest in currently. What specific location are you considering? I've lived in Corona for 10 years now and can give you info on all areas depending on what your parameters are. I'm here if you'd like advise and assistance! jaime@sparksdreamhomes.com 714 206-0564
0 votes Thank Flag Link Fri Jun 5, 2009
Hi Kristina,

Having lived in Corona Norco for the past 30 years, I can tell you that there has never been a better time to purchase then today. Most investors will tell you that the best time to purchase is just before the absolute bottom of the market (we are there) and the best time to sell is just before the peak. These are the times when we have the least competition and the greatest opportunity to maximize our investment dollars. And, you should consider that even if the market does drop a little more if interest rates go up even marginally you will lose any benefit that you might have gained by waiting.
Happy Home Hunting
Frank Spencer
0 votes Thank Flag Link Tue Feb 17, 2009
Hi Kristina, I've got some good information that will help you. Email me at elizabethbhardy@aol.com
I'll email it back to you.
Warm Regards,
Elizabeth Hardy
951-768-0337
Web Reference: http://elizabethhardy.com
0 votes Thank Flag Link Thu Feb 12, 2009
Kristina, Thank-you very much for the kind e-mail. Let us know if there are more things you would like to know about and/or join us in the forum. A lot of good info can be found in the different questions & answers.

Best to you, Dunes
0 votes Thank Flag Link Tue Feb 10, 2009
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