Home Buying in 93004>Question Details

ilianka_82, Home Buyer in Ventura, CA

Buying an investment property in Ventura area

Asked by ilianka_82, Ventura, CA Tue Feb 12, 2013

I am thinking about buying an investment property in Ventura area, most probably that would be a single family home in the price range between $120-150K.
What are the renting options in the area? What would be the average monthly rent for that type of property?


Help the community by answering this question:


Barry Shapiro’s answer
You can possibly buy a fixer shack 2+1 or maybe 1+1 that won't qualify for financing -- therefore all cash only (maybe 203B FHA) - in the $100-150k price range either along The Avenue, Casitas Springs or out in La Conchita. Rent maybe 800-1000/month for a habitable condition property. Sorry to share the real facts. Mobile homes are a lot less but may not be good choices for viable rental/investment properties.
0 votes Thank Flag Link Tue Feb 12, 2013
Thank you, Barry. I am not considering financing as an option anyway, but I was hoping for slightly higher rent. 800-1000/month seems to not worth the whole effort. Thanks for the info.
Flag Tue Feb 12, 2013
With the housing prices going up it will be difficult to find a SFH in that price range but they do come up once in a while. You may want to expand your options to find a faster sale before you miss out on an opportunity. Give me a call to see what your options are.

Blanca Dover, REALTOR

Century21 Hometown Realty
Cell: 805-427-5646

Website: http://www.blancadover.com
Web Reference: http://www.blancadover.com
0 votes Thank Flag Link Tue May 7, 2013
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