Hi,

I think investing in this market especially in coastal areas is a great idea. A lot of smart investors are taking advantage of this market. You have lots of choices.

Rentals in San Clemente for two bedrooms start at $1450/m and for three bedrooms start at $1950/m depending on location and type of property. The good thing is that vacancies are low in San Clemente and Dana Point.

D.S. Sounds like you are a smart investor.
Are you Looking for an easy way to save time and money on your rental properties?
Try using the free web tools we provide for my clients: http://www.trexglobal.com/partner/harrison_k_long
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Harrison K. Long
Realtor & broker
Explore Group Properties, Coldwell Banker Previews
Irvine, California
949-854-7747 http://www.BuyersExploreHomes.com (The Best Web Site For Property Searching)
email: HKLong@cox.net http://www.ExploreOCHomes.com

D.S. Good question about possible investment situation in residential RE at South OC. Most good Realtor agents here in South OC will be able to help you with specific information about rentals in particular areas. We believe the best comps are solds and leased within the past 3 to 6 months, and hopefully within a tract or a narrow geographic area. If you have a specific area you like, such as south or east San Clemente, let us know, and we would get you the information.

Harrison K. Long
Realtor & broker
Explore Group Properties, Coldwell Banker Previews
Irvine, California
949-854-7747 http://www.BuyersExploreHomes.com (The Best Web Site For Property Searching)
email: HKLong@cox.net http://www.ExploreOCHomes.com

D.S. Did you find a property? I just came across a great multi unit property in Carlsbad if you are stil interested.....it would definitely be worth your time.

Rents in these areas start at about $1,800 - $1,900 for a two bedroom and move up depending on the area and condition of the property, condo, single family, etc... Vacancy rates and vacancy periods are also determined by specific areas within the cities and how desirable the area is. (Can you walk to the beach, is it further inland?)

I can give you more info if I have more info. Depending on your price range, you might not have to limit yourself to those areas. There are some pretty great deals to be had all around the OC.

Good morning D.S......sounds like you are looking for an SFR or condo vs. multi units. There is definitely a lot of inventory out there, however, there are also a lot of smart investors who are tracking the market and recognize a deal when it hits. The great thing about coastal property is the ability to maximum income by offering the property for weekly rentals. I have a web-based service I offer to my investors that enable them to track data through the mls, just like I do. Send me an email if you are interested and we can talk about getting you set up on the service.

Investors are actively snapping up properties in these communities NOW. There is a bank owned duplex in escrow in San Clemente that had 12 offers within 4 days of coming on the market at $699,000 the units had 3 bedrooms 2 baths an attached garage and off street parking a block from the beach. Another duplex in Dana Point just closed for $599,000 after only 4 days on market. While some properties remain priced too high for a breakeven ROI there are opportunities out there. You just need to be prepared to act fast. Work with a professional full time agent that recognizes the value in a property and monitors the market closely.

Bill Godwin
949-606-5669
Bill@Billmgodwin.com