Home Buying in Palmdale>Question Details

Ashok, Home Buyer in Fremont, CA

Investment in Palmdale, CA

Asked by Ashok, Fremont, CA Mon Jun 27, 2011

I am planning to invest on Land/House/Commercial property in Palmdale, CA since the prices are pretty attractive. looking for a reliable local agent.

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9
Hello,

Buyer due diligence and patience can be a beautiful thing when investing in real estate. Keep in mind purchasing land, homes and commercial property are three different types of study and many agents do not work land or commercial.

Land is more speculative and is very suppressed now since home prices have declined, but at the right price, land is a very attractive buy and hold at this time. As home prices go up the demand for land will increase. As for commercial, you can see by driving around AV and other areas all the empty commercial properties available, but there are some plans to build commercial in certain areas.

I hope you are an all cash investor, as that is the best way to invest. Be weary of those who push leveraging too far, as debt is dangerous, increases risk, and can bankrupt a millionaire. I have one particular millionaire in mind, but there are many, and that is usually how they learned to operate debt free and re-build.

With investing, you may win some and lose some, but you will always learn something. May your hard work and wise decision making aid you in prospering in the future.

Best of luck with your investments,
TV-Tracy Van De Mark
Keller Williams Realty
(661) 310-4004
Web Reference: http://www.TVandemark.com
1 vote Thank Flag Link Mon Jun 27, 2011
Ashok,

Everyone will tell you that work in the Antelope Valley. As do we. And I am not going to try sell you on my services like the others before me have. The fact is that the prices in Antelope Valley are very attractive. As an appraiser, I cannot tell you the hundreds of homes we appraise on a yearly basis out there. But as a Realtor, our investor clients are gobbling up the deals and turning them into rentals for their Section 8 clients.

I recommend sitting down with someone and seeing how much they really know. You really want to work with someone in the area, so don't choose some outsider that lives in another area. You also want to work with someone that has experience in the REO and short sale market as that is what 9 out of every 10 listings are out there (if not more).

Let me know if I can be of any assistance. Best of luck.

Kindly,

Amir H. Kazemzadeh
President, Real Estate and Mortgage Broker
DRE License 01813512, NMLS 309986
REALTOR®, CDPE (Certified Distressed Property Expert), CHS (Certified HAFA Specialist), SFR (Short Sale and Foreclosure Resource Certification)
Residential Accredited Appraiser (RAA) and General Accredited Appraiser (GAA)
Certified General Real Estate Appraiser, OREA License AG029627
ASAP Real Estate Srvcs • an ASAP RES, Inc. Company • DRE License 01862782, NMLS 322735 • "SERVING ALL (APPRAISALS, LOANS, AND LISTINGS) OF YOUR REAL ESTATE NEEDS"
ASAPPRAISALS • an ASAP RES, Inc. Company • "YOUR REAL ESTATE VALUATION EXPERTS" - PROUDLY SERVING THE LOS ANGELES, ORANGE, AND VENTURA COUNTIES
26504 Bouquet Canyon Road, Suite 227
Santa Clarita, CA 91350-2353
661.735.ASAP
818.674.2043 Cell
661.999.3328 Fax
amir@asapres.com
http://www.asapres.com
0 votes Thank Flag Link Mon Jul 11, 2011
Mr. Ashok

I work with foreclosures, more specifically trustee sales. We find Palmdale property selling at 65 - 85% of fair market value. Only thing is we do require all cash at these sales. If you are interested I would be happy to give you more details.

-Arthur
0 votes Thank Flag Link Wed Jun 29, 2011
Mr. Ashok,

I'm very familiar with the Av. Palmdale area.
If you are not yet working with any agent. Feel free to call me.

I currently have a listing in the Anaverde/West Palmdale area. Here's the link.

http://www.zillow.com/homedetails/37205-Queen-Anne-Pl-Palmda…

Good luck with the purchase of your home.

Merlin Barrientos
Realtor Associate
Pinnacle Estate Properties Inc.
24501 Towncenter Drive #104
Valencia, CA 91355
Direct 661 713-8780
merlin1@inbox.com
dre01761948
Web Reference: http://www.pinprop.com
0 votes Thank Flag Link Tue Jun 28, 2011
You have come to the right place Ashok :)

Your post says you are in Fremont, is that correct? If so, you especially will need an agent who knows the areas in the Antelope Valley where you can get the best return out of your rental homes. One of my clients is actually a person who helps investors by researching investment homes, offering on them, fixing them up, renting them and managing them, all on your behalf. This may or may not be a situation that works for you, but this same person and I could be a valuable resource to you in deciding where to place your hard earned investment dollars when you are ready.

The Antelope Valley is a great place to make investments on rental homes and I hope to have the opportunity to interview for the job. Have a nice evening,

Edwin Momeny, Realty Executives, 661-860-1408, emomeny@gmail.com
0 votes Thank Flag Link Mon Jun 27, 2011
Look at the Palmdale market first before you jump into investing. The prices here are still going down. I'd wait at least 2-3 months before starting looking.

Ewa Reza
http://www.royalpacificRE.com
ewareza@gmail.com
0 votes Thank Flag Link Mon Jun 27, 2011
Hi Ashok,

Perfect timing I should say....There many opportunities here in Palmdale and the sorrunding areas....I help and work with several clients who have purchased investment properties in this area...I will be more than happy to guide through the process even if it means that you are just looking around...


Lets keep in touch

Alberto Galdamez
"Your Unbridled Real Estate Doctor"
(661) 209-7988
http://www.Agaldamez.com
Web Reference: http://www.Agaldamez.com
0 votes Thank Flag Link Mon Jun 27, 2011
Call me!
Barb Simmons, Broker
Palmdale, California
877-220-7796 Office
0 votes Thank Flag Link Mon Jun 27, 2011
You have come to the right place as there are plenty of very knowledgeable agents on these forums. Good luck.
Web Reference: http://www.merrittnoel.com
0 votes Thank Flag Link Mon Jun 27, 2011
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