Question Details

Dave, Home Buyer in Los Angeles, CA

I want to buy owner occupied residential income property up to 4 units. Is it the right time to invest in?

Asked by Dave, Los Angeles, CA Sat May 31, 2008

income properties? Do you predict a year from now a lot of income propeties will be available on market with reduced prices?

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Dave,
Income properties are not in the same market as residential properties. Price is based in the income generated so for prices to decline rents have to go down. To try to evaluate the market before investing look at the area and find out if a major industry is going to shut down and the workforce move away then rents will fall. Rents fall when there is a glut of available housing. If there is allot of foreclosues and empty houses that can affect the fourplex because renters will move to the houses causing the fourplex to lower rents to get tenants.
0 votes Thank Flag Link Sun Jun 1, 2008
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
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