Nick Rhea

I'm a:	Real Estate Professional
Company:	Bombora Investments, Inc
Location:	San Diego County
Web sites:	My Web site
Phone:	(619) 886-2004

45 Answers
29 First Answers
8 Useful Answers

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About Me

From Kansas to California, founder and licensed California broker, Nick Rhea has been investing in rentals, remodeling properties, and working with real estate buyers and sellers for over ten years. All brokers search from the same pool of real estate listings. What sets Nick apart is his knowledge of the real estate markets, deep understanding of finance, familiarity of remodeling costs, constant evaluation of rental markets, and desire to educate clients. Supporting his experience is his undergraduate degree from the University of Kansas and Masters Degree in Business from San Diego State University.

As part of his ongoing commitment to serve and give back to the community, Nick volunteers as President of Outdoor Outreach, a local non-profit that empowers at-risk and underprivileged youth to make positive, lasting changes in their lives through challenging outdoor activities like rock climbing, surfing, mountain biking and snowboarding. http://www.outdooroutreach.org.

A couple of fun notables about Nick:
 Outdoor Outreach’s second volunteer
 Winner of Global Moot Corp, the world’s Super Bowl of business plan competitions
 Opened the NASDAQ Stock Market August 10th, 2007

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Nick Rhea's Questions (2)

Nick Rhea's Answers (45)

Hello, is this home for sale now? I'd like to buy it -- seriously. Please call Stella at (619) 297-2302. Tks

Asked Sun Nov 16 2008, 15:21 by Stella - San Diego - Home Buying - 3 answers

Nick Rhea answered:

Hi Stella,

San Diego has some good deals, but not this good. Some of the information from Trulia is misleading. The amount shown is a default amount. An indication the home will be foreclosed upon.

Nick - Sun Nov 16 2008, 15:47

I would like to see the property, to whom do I speak to? Thank you, Regine

Asked Sat Nov 15 2008, 14:18 by Regine - La Mesa - Home Buying - 1 answer

Nick Rhea answered:

Regine,

Do you know what the reserve price is for this property?

Nick - Sat Nov 15 2008, 15:29

We are looking at buying a house with 2 non permitted additions. What are the risks?

Asked Fri Nov 14 2008, 22:45 by Ritu - 92127 - Home Buying - 6 answers

Nick Rhea answered:

Hi Ritu,

You should purchase the property based on the value of the improvements without the unpermitted additions. Unpermitted additions are not included in appraisals or for financing.

Because you are asking a website this question, I assume you are not working with an agent. If you are, you should work with a better one or work with someone you trust.

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619.886.2004
nick@bomborainvestments.com - Fri Nov 14 2008, 23:01

Is now a good time for a Canadian investor to purchase real estate in San Diego?

Asked Sun Nov 9 2008, 16:05 by Dustin Tysick - San Diego - Home Buying - 7 answers

Nick Rhea answered:

Hello Dustin,

We have some great opportunites for purchasing rental properties in San Diego County. I work with a number of out of town investors and can find you positive cash flowing properties with 20% down. An example would be a condo for $130k that rents for $1300/month. This will cover your principal, interest, HOA, insurance, property taxes, and a little extra for you.

Reach out to me for more detailed information.

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619-886-2004
nick@bomborainvestments.com - Sun Nov 9 2008, 16:26

lst time buyer, $130,000 downpayment, 800 credit rating, best value in 92011?

Asked Thu Nov 6 2008, 13:14 by Nelle M. Fun… - Carlsbad - Home Buying - 4 answers

Nick Rhea answered:

Hello Nelle,

"Best Value" is realative to your needs. Are you looking for a place to live, to rent, to flip, to remodel, etc.

Nick Rhea, MBA,Broker
Bombora Investments, Inc.
619-886-2004
nick@bomborainvestments.com - Thu Nov 6 2008, 13:24

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