If you put down 20% on a $300k home, you can cashflow approximately $400/mo. Last month we closed 4 deals using this equation for investors...we were able to market the propertys for tenants while the home was in escrow...Cashflow is the key to investing, and not so much playing the equity game right now.

this area has some of the best weather in in the country. No air needed here. With SOARS keeping development to a min. PH will be sought after property once all the forclosures have been bought up. By 2010 you should see 30% increase in value

Hi Jeff,

Hopefully you are still looking for input regarding buying investment real estate in Port Hueneme. The best part of buying an investment property in Port Hueneme is we have such a large military base in the city and as always, it is necessary for some service members and their families to find housing off base. There are always sailors looking for a place off base. (My last duty station was Port Hueneme and it was always a topic of conversation...)

As the city grows and progresses we will see an increase in the curb appeal of many of the older homes. Port Hueneme is offering many programs to get current homeowners to rehabilitate their property. See the following link. http://www.ci.port-hueneme.ca.us/neighpres/affordable_housin…

Hope this helps! I'm always available to answer any future questions at http://www.TammyKeil.com.

Tammy Keil
Realtor
RE/MAX Gold Coast Realtors
(805) 797-2068

Hi Jeff,

There is a great deal of foreclosure activity and short pays going on in the Port Hueneme area right now with no known end in sight. I would recommend that you continue in a "watch" position until the Port Hueneme area begins to settle down a bit.

aaahhh, yes, the good 'ole' days of the bubble
get the 2000 price on the property
use that as a basis
if you can't get it for about 2000 prices
it may be risky

anyways

good luck

Long Term you will be okay, If you look at beach property south to San Diego all those areas are pretty well developed, it's only a matter of time were LA county residents look to Ventura County for second homes near the beach.........well that is already happening. Also consider that Santa Barbara is pushing people south and you can see why places near CIH have been going up in value over the course of the last 15 years.

Ask youself......do you follow the herd or are you a contrarian?

Last make sure you find a Realtor that actually owns investment property. It's better to work with people who actually have skin in the game.

If you would like to chat send an email or give me a call.