Hello V,

It astounds me that a local Realtor hasn't given you information as of yet. Our local market is very unique! I have been a resident of the Antelope Valley for 20 years as well as full-time Realtor for 6 years. I would not assume to know what is happening in any other market that I do not live in, because you need someone who has been here driving the streets and "in the trenches" on a daily basis to be able to navigate the process successfully. There are many areas that local Realtors know have special aspects that need to be addressed. For example, we actually have a 4 page disclosure specifically for homes in our area with important information for Buyers.

The general market conditions have changed dramatically in recent months. There has been a large influx of investors buying homes and renting them and the balance has been affected. There are certain areas of the town that are extremely hot for rentals, while others not so much. Of course I would be able to discuss it further at no obligation with if you would like to email or call me at the numbers below. If you are working with a Realtor, please consult them.

I would suggest you get as much information as possible before you invest.

Best wishes,

Cindi Wolf, REALTOR, CMS
661-609-9392 cell
CA Lic#01437139
cindiwolf@msn.com http://www.cindiwolf.com

Hello V
Use the link below as an estimate tool. I have used it with my investors and they are pretty happy with it as well. It's just an estimating tool, you will get better stats if you talk to a property management company in Palmdale.
(And, fellow agents feel free to check it out as well.)
http://www.rentometer.com

Jes Sierra, B.Sc., Realtor® http://www.hellomynameisjes.com

I will be perfectly honest with you. I work the San Fernando, Santa Clarita and Palmdale, Lancaster (Antelope Valley) areas. I live in the Palmdale area, have for years, have sold real estate here and have seen the market changes.

Okay, here is the truth...there are a lot of rentals in the area available for rent. However, there are a lot of people looking to rent as well. It really depends on the home itself, the location and the price. For example, I am working on renting out a 3 bedroom 1 bath home in East Palmdale for 1300. It comes with a pool, gardener and some water paid. The phone doesn't stop ringing.

However, be aware, many renters today are being put out of their homes for various reasons and therefore may have credit issues. HOwever, as some of my colleagues and I say, many people today have credit challenges. If you choose the right home, that makes the right sense for you, you should be fine.

Please let me know if I can answer any other questions for you. I will not solicit, but if you want help, I'm here.

Good luck.

Marina Penrose, Realtor
661.547.5538
http://marina.penrose.dilbeck.com http://www.marinapenrose.listingbook.com-browse the mls like a realtor! http://www.gmacrealestate.com/marinapenrose
marinapenrose@yahoo.com

Dear Mr. V Ho,

The opportunities are endlless, when it comes to finding tenants. My list is endless of people who need a rental home.
I am extremely familiar with Palmdale area. In addition I have leased many homes in Palmdale, Lancaster. Meaning that if you decide to purchase another home for investment. .
Feel free to give me a call or email me, so we can better disscuss.
Good Luck!
Merlin Barrientos
Keller Williams Realty VIP
direct 661-713-8780 or email me at merlin1@inbox.com
merlin1@kw.com

Another good thing to do is go to http://www.yellowpages.com and search for property managers in the exact area you want to buy. Call 5 or 6 of them and tell them you are possibly going to buy a rental house and looking for a property manager. Then tell them exactly where and what you plan to buy. And then ask them what the rental market is like there currently, the range of rents and how long on average it takes to lease up a house. They will no b/c that is what they are doing all day long.

Maybe this will help for comparables ect..
http://www.zilpy.com/US/California/Los_Angeles_County/Palmda…

For Rent price comparables... http://www.rentometer.com/

Some market info for comparables to other sources.. http://www.dqnews.com/Charts/Monthly-Charts/LA-Times-Charts/…

Good luck, Dunes