Author Topic: Where is the Next Emerging RE market in SoCal?  (Read 13437 times)

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Offline Panda

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Where is the Next Emerging RE market in SoCal?
« Reply #45 on: February 14, 2010, 10:08:00 AM »
This message was deleted by the original poster.
« Last Edit: February 14, 2010, 10:56:00 AM by Anonymous »
James Park, MBA
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Offline roundcorners

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Where is the Next Emerging RE market in SoCal?
« Reply #46 on: February 14, 2010, 08:55:00 PM »
Quote from: "Panda "
http://www.realtor.com/realestateandhomes-detail/12-Coral-Blue_Ladera-Ranch_CA_92694_1106019758

Have any of you invested in land/lots before? This one is a 14,600 Sq Ft Lot in Covenant Hills and I was wondering if you can just purchase and hold the lot and not build on it for 5 - 10 years?. Sorry if this is stupid question because i'm really a novice about land/lots purchase. I am assuming that you have to pay taxes on the land every year. Is this a good price for a 14,600 Sq Ft Lot?

Any information would be grealy appreciated!   :D    


First rule of investment properties... it needs to be cash flow positive... it's hard for a piece of land to be cash flow positive; well maybe if it is a parking lot!
Los Angeles...  Android...  Happy  ~RC

Offline Panda

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Where is the Next Emerging RE market in SoCal?
« Reply #47 on: February 14, 2010, 09:51:00 PM »
RC, i agree. but.. but.. even if that lot was selling for 1M in 2006?
James Park, MBA
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Offline freedomcm

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Where is the Next Emerging RE market in SoCal?
« Reply #48 on: February 14, 2010, 10:36:00 PM »
That lot is big enough to fit a double-wide!

Offline qwerty

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Where is the Next Emerging RE market in SoCal?
« Reply #49 on: February 15, 2010, 01:36:00 PM »
Quote from: "Panda "
RC, i agree. but.. but.. even if that lot was selling for 1M in 2006?


to me it would be somewhat irrelevant what something has sold in the past. remember that there were very lax lending standards that we may not see again that allowed the price to get that high to begin with.

Offline graceomalley

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Where is the Next Emerging RE market in SoCal?
« Reply #50 on: February 15, 2010, 02:39:00 PM »
Quote from: "roundcorners"
Quote from: "Panda "
http://www.realtor.com/realestateandhomes-detail/12-Coral-Blue_Ladera-Ranch_CA_92694_1106019758

Have any of you invested in land/lots before? This one is a 14,600 Sq Ft Lot in Covenant Hills and I was wondering if you can just purchase and hold the lot and not build on it for 5 - 10 years?. Sorry if this is stupid question because i'm really a novice about land/lots purchase. I am assuming that you have to pay taxes on the land every year. Is this a good price for a 14,600 Sq Ft Lot?

Any information would be grealy appreciated!   :D    

First rule of investment properties... it needs to be cash flow positive... it's hard for a piece of land to be cash flow positive; well maybe if it is a parking lot!


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