Try to buy an investment property. How is the neighborhood Westwood St with cross street Mosswood st?

Asked by seller0101, San Jose, CA Mon Nov 15, 2010

I know it's not a desired neighborhood, but what do you think for investment properties? How is the rental market in that area?

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Rick Dillion’s answer
Rick Dillion, Agent, MARTINEZ, CA
Thu Feb 3, 2011
Hook up with a local agent. Do you plan to manage the investment property? Keep in mind the quality of the tenant. Its not only the area that is important. I tend to like the "woods" in East Vallejo for rental investment or for first time home buyers, especially for what they are selling for now. What was $400k is now less than 50% of that. Should be positive cash flow, too.
Web Reference:  http://rdillion.com
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Dianne Hicks, Agent, Rancho Bernardo, CA
Tue Nov 16, 2010
I say... analyze your bottom line and if it is sound then go for it. We have many investors that are purchasing in less desireable areas. The one thing I will say is usually when you have an area less desireable... expect the house to be maintained with less care than normal as well.

Run a spead sheet that will allow you to key in all your basic cost and your sales price to get your bottom line. That can help with the deciding factor!!!

Good Luck!!!

Kindest Regards
Dianne Hicks
HomeSmart Real Estate
Web Reference:  http://www.di4homes.com
0 votes
seller0101, Home Seller, San Jose, CA
Tue Nov 16, 2010
also, how is the rental market in Vallejo?
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