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Home Buying in Hillcrest : Real Estate Advice

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Sun Feb 21, 2010
Max answered:
I have some good investments for you
Build a new home, 185K for Land, 235K new house, about 420K Total
420K - 225K down = 195K Loan at aprox $1100 per month, rent home for $2000 = $900 per month
Home after it is built is worth about 450K - 500K
http://www.realtor.com/realestateandhomes-detail/6252-Lake_San-Diego_CA_92119_1116213597

Duplex in Lemon Grove,
Purchase price 325K - 225K down = 100K loan at $550 per month
Actual Rental income $2400 - $550 = $1850 Income per month

I am not a RE agent, I do invest in RE,
Option 3, I could help you buy rental property at low prices for a consulting fee
In this current market, with 200K down, I could help you get $6600 - $7200 Gross Income
Down payment at 33% LTV, 400K in Loans, $2200 loan payments,
$4400 to $5000 Income per month
... more
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