Author Topic: Investment Property: Help  (Read 342 times)

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Offline the.irvine

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Investment Property: Help
« on: July 09, 2019, 08:44:46 PM »
Is this a good time to buy an investment property, I’m open go anywhere in California or elsewhere, would definitely prefer OC, SOCAL and/or NOCAL. Budget close to 600-700K

Basically, I need some help. If you guys can recommend any good realtor that would be awesome too.

Thank you.

Offline USCTrojanCPA

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Re: Investment Property: Help
« Reply #1 on: July 10, 2019, 01:23:18 AM »
Is this a good time to buy an investment property, I’m open go anywhere in California or elsewhere, would definitely prefer OC, SOCAL and/or NOCAL. Budget close to 600-700K

Basically, I need some help. If you guys can recommend any good realtor that would be awesome too.

Thank you.

If it is your first rental property then I would recommend buying something within a short drive so that way you do not have to pay a property manager to manage the property.  Also, I recommend buying a 3+ bedroom property near job centers and in B or higher rated school areas so that it is not competing against apartment units and is perfect for a move-up renter and a move-up buyer which will result in more stable rental and resale demand.  My step dad also give me some very good advise on selecting an investment property....never buy a rental property if you aren't willing to move into it if worse comes to worse.  I have several rentals so I'm happy to share any other information with you if you are curious to hear.
Martin Mania, CPA
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline momopi

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Re: Investment Property: Help
« Reply #2 on: July 11, 2019, 09:31:44 AM »
Is this a good time to buy an investment property, I’m open go anywhere in California or elsewhere, would definitely prefer OC, SOCAL and/or NOCAL. Budget close to 600-700K

Basically, I need some help. If you guys can recommend any good realtor that would be awesome too.

Thank you.


What are the reasons why you are looking to purchase the investment property now at your specified price range?

Offline OC_relocation

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Re: Investment Property: Help
« Reply #3 on: July 11, 2019, 01:40:28 PM »
because i have saved enough for down payment. lols

Offline OC_relocation

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Re: Investment Property: Help
« Reply #4 on: July 11, 2019, 01:41:44 PM »
I have already invested in equity market, so want to diversify. I dont know what are other options. Saving rates are around 2%, which are not enough.

Offline momopi

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Re: Investment Property: Help
« Reply #5 on: July 11, 2019, 04:47:22 PM »

Since it's an investment, you need a good reason to get in, and an exit plan.

 

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