«
»

Friday, August 13th, 2010 at 5:40 AM

Investment Properties 2

Posted on Friday, August 13th, 2010 at 5:40 AM in Real Estate Investing | 6 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 6 Responses

  1. Nice Caddy, gramps! :)

    Deep down, you know you’ll have a blast being a grandfather!

    François Caron | August 13th, 2010 at 9:18 am

  2. Hey, where are the flyers?

    swm | August 13th, 2010 at 10:05 am

  3. “You should live here. You should move here.”

    I don’t think California’s problem lies in the number of people that WANT to live here. I think it comes down to the number of people that can afford to live here.

    The invisible hand has already weeded out those who want to live but can’t afford to do so reasonably.

    Chuck

    Chuck Ponzi | August 13th, 2010 at 11:30 am

  4. I recognize Neptune Ave when I see it. I want to live there! I want to move there! I’m just working on the million. By the time I get a million, Jim will definitely be a grandfather.

    CA Refugee | August 13th, 2010 at 4:27 pm

  5. Filming while driving backwards? What about filming in the damned rear-view mirror while driving! You’re a wild-and-crazy guy!!!

    Seriously, calling any of these places “investment properties” is a joke, unless the point of an investment is losing money. You’d have to put 50% down just to get to 10x. Sheesh.

    tj & the bear | August 13th, 2010 at 9:46 pm

  6. I’ve mentioned my house in Riverside before. In May 09, I paid $150k for a 4 bedroom/2 full bath, 1,800 square foot house, .2 acre lot, oversized 2 car garage (basically a 3 car, but the door and driveway is only 2 car sized with room off to the side for storage or a shop), huge family room (30′x15′), seperate living room, central A/C. It could easily rent for $1,500 a month (1% of the sold price), probably more. Multi-unit properties occasionally pencil out even better out here.

    If you are buying rental properties any closer to the beach than here, you are basically counting on the appreciation alone. They almost never pencil out otherwise, in my amateur opinion.

    Geotpf | August 15th, 2010 at 7:14 pm

Post a new comment