Your question depends on several factors. But if you have time on your side, the Ventura Avenue might be worth a look for you. Its a rougher neighborhood, but the city has plans for revitalization. The proximity to the beach and Main St Ventura downtown can't be beat, and the prices are relatively low because it's the rougher side of town. If you get a fixer and are willing to put in a little sweat equity, you could have a good formula for appreciation. Also, some of the lots are zoned R2 with a second dwelling on the property, or you could potentially add for more cashflow which in turn will raise the value of the property. Good luck in your search.
Blanca Dover, REALTOR
Century21 Hometown Realty
For the best return on your investment, I would recommend an under-performing and added value commercial property (i.e. apartments, office building, retail strip center, mini storage, warehouse) that can be re-positioned/stabilized (i.e. cured of vacancies and expenses), and presented pack to the market at retail.
Or, if you want to do residential, you can buy a foreclosure at auction or from a wholesaler to fix and flip it.
Hope this helps,
Truth Realty & Investments, Inc.
There are many questions to ask to find your best way to invest. Are you wanting to use all your cash
or leverage it to your best advantage?
One way to invest for income which is a very overlooked or understood investment.
Vacation Rentals. Vacation rentals when proerly managed can be very good investment and return on your investment.
Vacation rentals also have the possiblility turning into Fractional Ownership.
You can also apply "Cost Segregation" to them as you would for a commercial property.
Cost segregation is a way to take advantage of taxes and depreciation on the property as well as
items related to the cost of doing business. A good tax accountant will know how to set this up properly.
I am a 25 year plus Real Estate Broker and Investor.
If you have questions please call.
B G REALTY
Your question is intriguing.
Most people don't want to buy for capital gain. Most people want to buy to defer capital gains.
I have to ask you some question first to understand your question and answer intelligently because I unlike most agents do a lot of business in both commercial & residential real estate.
You ask in your question, "buy in for capital gains?" Below are my questions to figure out your goal & real estate needs to give you the best answer.
1) Do you want to buy commercial income property or land for income? With conventional financing with $350K you can probably buy up to $1M commercial income property, and with creative financing maybe buy and leverage for a purchase price of $2M+.
2) Are you coming out of a commercial 1031 Starker tax deferred exchange or thinking about selling a property to buy the new upleg property?
3) Are you just looking for a home to live in?
4) Are you looking for a rental single family home, or multi residential?
Let me know and I can answer your question.
Albert Goldberg Broker
"Making Real Estate Fun"
There are fewer homes in Ventura selling for $350,000 as you have noticed. Make an appointment with me to look at homes available now. Then, we can focus on new inventory in the neighborhoods you like best. I'd also like to know the features you want to find in a home that are most important to you.
Feel free to call me at (805) 320-0113.
I have many years experience in the Ventura real estate market. My goal is to help you make a good decision.
Thanks & have a great weekend!
Well how long of a timeframe are you looking at and what kind of property are you looking for? Do you plan to get a fixer and knock the ugly out of it and rent it in the mean time. Do you want to flip it short term? Or are you going to live in it and you want it to be newer and move in ready? To many variables from North Oxnard to the Avenue to choose from.
Talk with a service oriented realtor that is going to understand your goals who together with you will find a good property in an area that fits those goals.
I always have time for you and your family and friends.
Rob van Haaren
Troop Real Estate - Ventura