Real Estate is a good investment--
Need to know what some of your thoughts are about buying a place..
1)- What price range are you looking in?
2)- What is your down payment or paying cash?
3) -I can check to see what the rents are like for your return on investment -(ROI)
4)- Its your return that you really want to know and of course what your buying that it would go up...
--Some areas will go up more than other areas... This is also can be an important factor
These are just some of the things that will need to be discussed and any other questions of concerns that come up in our conversation.. Maybe instead of one big property you would want say 2 smaller properties.... Talk to you soon ..
Ingrid Ski Realtor
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The best place to put your real estate money to work is somewhere close to home where you can make a positive cash flow each month. You can go farther, if you have a trusted real estate professional that is managing the unit for you.
You need to consider CASH or financing. In this market CASH is KING. You need to consider who you are asking for advice? Please speak with a realtor who has more than one property, who is in the business of helping investors, and who manages property for clients and himself.
If you need some professional assistance, let me know.
Joe Homs, Realtor/Investor
That is a good question. Of course it would depend on how much money you are thinking of investing that will pretty much determine where you can purchase the property. There is one other thing that you need to think about when buying a rental property and that is are you going to manage it yourself or have someone manage it for you. There is nothing like buying a property that is 50 miles away and having to deal with a broken toilet in the middle of the night. If you are wanting to manage the property yourself then stay closer to home with your investment. When picking an agent to work with, make sure that they know about rents and can give you rent comps for ones you are considering. Last, the market is red hot and properties are in short supply so be prepared to overbid on anything that you are interested in.
OC Homes Realty
At any rate this is my input. Feel free to call me and discuss.
Steve Alford, CEO
Orange County Real Estate Group
In short ... the best place for RE investments between LA to OC is near the higher education institutes like UCI, CSU. You can almost always get good quality and steady supply of tenants. If they are teachers they are well behaved and responsible. If you rent to students, the rent is paid by their "PARENTS" in most cases, so less possibility of conflicts. Once in a while they a party ... join them :)
All the best, here is my contact information I will be glad to work with you.
Realty ONE Group Irvine
Cell: 949 748-9834