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Many strawman arguments here.  I am not making any claims about future prices or rents.  Without doubt these will increase as they always do in the long term.  I am also not claiming rentals in one area are better than others.  My point was very simple and straight forward.  Buying homes in...

Are you really advertising this as a cash flow investment property?  When you advertise this as a 300 a month cash flow property, you should place a big asterisk next to it and write all the disclaimers in small print at the bottom of the page.  The disclaimers being  1.  you have to take a 7...

Like I said before, most people think they can cash flow because they dont consider significant costs that affect their NOI.  It appears you are in that camp.  Your own numbers have shown that the cost of owning this house barely covers just the PITI and yet you are still trying to convince...

using all your numbers you are negative $6483 a year, -4.71% cash on cash and 1.17% total ROI.  I would however caution not calculating cap ex and maintenance since warranty does not cover maintenance costs and also the warranty is only for 12 months.  My point is that -$6483 a year is BEST case...

Exactly!  You prove my point once again.  Where are your costs for vacancies?  What about Cap Ex costs?  What about maintenance.  Many seasoned investors would even consider calculating a PM fee into this as well.  When a rental income only covers PITI, you really cant say it cash flows no...

Even if its not a new home, I doubt his numbers still add up.  If you notice, he later added a sentence to the end of his response saying "They may end up moving back to Irvine so they want to keep the home even if there's small cash flows losses due to vacancy and/or R&M."  This is exactly...

Dream16.  I know bangbros calculated 9k loss a year but I recalculated with my spreadsheet because some costs factors that affect NOI were not included. I use some assumptions which you can see below, which you can adjust for yourself by simply adding or subtracting the difference based on what...

I would love to see the exact numbers on that if you dont mind sharing...

I think the people who think they can profit on an Irvine rental purchase do not take into consideration all the factors that will eat into your NOI, such as those you mentioned like MR, HOA and even some you didnt mention like vacancy, Cap Ex, maintenance.  You are right, that ship sailed...

If anyone is buying or recently has bought a new house for rental in Irvine, I am 100% sure they are not cash flowing well.  A lot of people can claim they cash flow because they put down big down payments, which we all know is a pointless as an real estate investment.  Sometimes people will...

I think this and other homes going cheaper are signs that markets are slowing.  These builders are in the business to make as much money as possible.  If they didn't have to sell cheaper, they wouldn't have.

Better yet, buy homes outside of Irvine. 

I was thinking the same thing...  Cerritos would be my advice also for the same reasons listed above.  Another option would be rowland heights/Walnut/Diamond Bar.  The schools in those areas are at par with Irvine and have the typical OC feeling.  If you truly want to be in OC, since all these...

LOL!!!  If I was considering a purchase there, this would have done it for me.

its not just FOBs that do this.  Where should we send all the non FOBs that do this?  The racist tone on this website is growing and growing.  Sad really.

Thank you for not "minding" Asians...

I havent tested boron, but I thought boron was more in the soil than water.  I have no idea how to test for boron.. sorry

It reduces one type of HAA but increases another so its a wash.  Only way is to filter your water.

To which very specific, detailed law are you referring to?  Strawman argument.  This is not about government policing MLS listings, but rather preventing false advertisement and fraud.  Furthermore, the fact that someone proposes a law doesnt commit someone to a big government advocate nor do...

error.  repeat post