Home Buying in Concord>Question Details

Ha, Home Buyer in Daly City, CA

I wish to purchase an investment home with me moving in 10 years from now for retirement.

Asked by Ha, Daly City, CA Tue May 6, 2008

I want to purchase a home in a nice family, oriented neighborhood in Concord, Pleasant Hill, or Clayton that can rent easily to nice families/couples/singles. At the same time, I plan on moving into this house when I retire in 10 years. I would want a house in a neighborhood that will hold its value as well. Are there any good areas to purchase this home for a budget of about $ 450,000 - $ 500,000? Any recommendations for buyers realtors who are familiar with the housing AND rental market in these areas?

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Yes, you can send inquirty directly to TShea@rockcliff.com. I can forward all the nice income property of Single Family Resident price 400K-550K . I can also provide you the current rental market comparables for your study. My areas cover Pleasant Hill /Concord/Clayton plus Bay Point. I am jsut a phone call away: 925-336-6377
0 votes Thank Flag Link Thu May 29, 2008
Hi My name is Pamela and there are some great investments in that price range and less. I work in Calaveras and Tuolumne Counties. Sonora and Murphys. It is a fantastic place to retire and invest. We have lakes, skiing, wineries,golf and we are about 1 hour from Yosemite Valley. Give me a call and I would love to email you some listings. 209-559-6463. http://www.pamelawheeler.com I grew up in Lafayette and San Francisco. Sonora is about 2 hours away and that is with traffic.
0 votes Thank Flag Link Tue May 6, 2008
As a realtor who owns rentals in Concord, I can say in terms of overall investment value that is the place to go, hands down. Amenities in Clayton and Pleasant Hill make them desireable from a home ownership perspective. Each of these areas have different kinds of risk associated with them as a consequence. Assuming some level of mortgage debt, the question to you becomes, does the property have to pay for itself (or cash flow positive) over the 10 year period or can I take a break even property (or slightly negative) if the appreciation exceeds the difference? The answer to that question will determine where you should look or buy once you do the homework on select properties in those different areas
Web Reference: http://www.bob2sell.com
0 votes Thank Flag Link Tue May 6, 2008
Grant is correct - there are many areas that meet your general criteria. In the next 6 to 12 months, you will find many good deals due to the amount of foreclosure activity in the Concord area. This is an excellent time to buy to meet your needs. You will have a much greater chance of getting near a positive cash flow by purchasing in this market. You can request in-depth market detail reports for all East Bay communities via the link below
0 votes Thank Flag Link Tue May 6, 2008
There are quite a few area's of Pleasant Hill specifically in which you would be able to purchase in that price range, and still obtain adequet rent over the 10 year period of investment. You'll be able to get more home for your money in Concord, however rents there typically don't match up to what they do in Pleasant Hill. I work extensively in the Pleasant Hill, Concord, Walnut Creek, and Clayton areas, and I'd be more than happy to get you additional information if you'd like to contact me and the website below.
0 votes Thank Flag Link Tue May 6, 2008
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