We are seeing multiple offers on every decent listing, so sales are hot.
Rentals are even hotter! The landlords are able to raise rents significantly recently due to the number of people who MUST rent (due to their short sale or foreclosure affecting their credit).
There are very few affordable rentals - and landlords are having no trouble finding qualified renters to put in their units.
Choose a few favorite areas, and I will send you an MLS link to view all the Homes for Sale, (and you can even view the rental rates in that area too).
I just assisted two other families relocating from Las Vegas in the past few months - is this a trend?
Send me an email if you'd like that link,
Tiffany Boyd, Realtor
I do enjoy craft beer and have visited most of the breweries in the area. Vista currently has the largest number of craft breweries. Carlsbad has a couple smaller operations. On a bigger scale, San Marcos has Lost Abbey occupying the old Stone site, and Stone has their huge facility in Escondido.
Your net income on a rental property will be about the same between Oceanside, Vista, and San Marcos with a general statement that the less expensive properties produce better income. However, if you are going to live in it yourselves someday, it is better to find a place you like, and the income stream is a secondary matter. Realtor.com will give you accurate listing information. Many homes sit on the market for a long period of time when they are short sales.
Carlsbad is much more expensive, so your return generally wont be the same as Oceanside, but rents are a tad bit higher. Here a condo for $275,000 will rent for $1600 to $1800 depending on location.
Good idea to buy something now as prices are jumping wildly.
Michael J. Lambert, Coldwell Banker
CA DRE 01131476
858 774 6040
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