Question Details

Sean Chau,  in Los Angeles, CA

Invest in temecula?

Asked by Sean Chau, Los Angeles, CA Wed Jul 9, 2008

Thinking of buying rental property in temecula. How's the rental market? How's the job market in temecula? Seems like there are quite a few foreclosed homes and there are some pretty good prices. I'm looking at under $200k. If I were to put 20% down, will I be able to cashflow on a single family home? If so, please advice. Thanks.

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Sean, Wow you asked this awhile ago and no body answered.

I have a great tool for you...And I have a great investment property for you to purchase. Some of the Bank Owned homes that are listed as active are actually under contract but because escrows are taking longer they are actually not "active", they stay active until escrow is opened and "formal loan approval", is completed. Now, about my tool. Go to http://www.rentometer.com and play with this great tool. The area I have in mind for you has a zip code of 92563, the taxes are only 1.3% and guess what the homes are newer built in 2003-2005 and need very little work!!!

Positive Cash flow with 20% down is absolute. Your payment with Principal, Interest, Taxes and Insurance would only be about $1000.00 for a $200,000.00 home. Call me I have a house that I need a new buyer for because the buyer found another home because this short sale was taking too long and now is ready!
Web Reference: http://www.soreal.biz
0 votes Thank Flag Link Thu Apr 9, 2009
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