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I see realtor.org has a new edition of the Fair Housing Handbook for sale.
Is that just for realtors or is it useful for investors as well?
Is that just for realtors or is it useful for investors as well?
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SarahK...IMHO it would be mainly for Realtors to help them understand the Fair Housing Laws! -
Hello!
Hello San Diego Real Estate,
Welcome to Pt.com!
Hows the market in your part of the world?
Cheers
MarcFree business resources - www.BusinessBlogsHub.com
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Hello Marc,
It's great the average home in San Diego is now 500-600k depending on the location coastal or inland!
Nice place to do some Investment networking!
Great Job Guys!Comment
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Hello,
Whats the property investment market like there as well? Quite a few of us would be interested in your market in regards to residential property investment.
I would be keen to know about:
1) Average residential property price paid by investors - roughly
2) Whats the favourite type of residential property for investment - villa, apartment, house, HUD home etc...
3) Where do you see your market heading in the next year..
Cheers!
MarcFree business resources - www.BusinessBlogsHub.com
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Marc...the average investment property in our area is probably around 700-800k for a Muti 2-4-6 Unit...Which allows more rental income!
With the recent hurricane disasters and the fact that gas has just passed the $3.00 mark the market overall has softened a little. However, it usually does going into the holidays!
I think we will have a continued strong market once into a New Year IMHO...Comment
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Cool,Originally posted by San Diego Real Estate
So investors look to buy Multi Unit apartments of 2-4-6 units in each building or is that the building itself?
In NZ the common purchase is normally a single property for investment at a time.
We do have quite a few members who purchase more than one unit at a time - and in some cases the entire building's apartments.
Do you have investors who buy just one property like a house or one apartment/unit?
Cheers
MarcFree business resources - www.BusinessBlogsHub.com
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Marc,
We have both...Investors that buy one Home or Condo unit at a time and investors that buy a 2-4-6 Unit either same building or multi building same lot!
The Rent is more likely to cover on a Multi Unit with the price of housing here now!Comment
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I have a knee-jerk reaction to buying a property that I don't have 100% control over. We have a thing down here called "body corporates", some of which work well, and some of which make it virtually impossible to make improvements to the common areas of the property because of the need for $ contributions and consensus.
In situations where you buy part of a block or building how are those issues managed?Comment
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Hi SDRE
Welcome to the PropertyTalk forum.
Question: If a house sells for US$500k what sort of rent would a tenant be paying?
RegardsLast edited by muppet; 09-10-2005, 06:46 PM."There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho MarxComment
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Sarahk...you do have control over these muti units...you own all the structures or buildings on the lot! So improvements are fairly easy!Originally posted by sarahkComment
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500k single family home could bring 1200-1500 per month depending location!Originally posted by muppetComment
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so with a 3-4% gross yield the money to be made is by buying in smart areas or buying the worst property in a a good street doing it up and riding the capital gain ??
its much easier for me to get to the east coast time wise and for time difference. and for the capital gain loss i more than make up for anuualised cashflow returnLast edited by duvetray; 11-10-2005, 08:08 AM.Kia kahaComment
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