Quote:
Originally Posted by Kelse92
I think the key in the market and the trend I’m seeing where the big money is being spent (ie Hedge Funds) is in the Single Family Rental (SFR) market. Suburbs around here you can buy new construction for as low as around 205-215k for the average 3/2 1600sqft single story and it will bring in $2000-2100/mo. They also are going for 1980-newer properties with similar numbers. I think with market prices likely generally stabilizing over the next few years this will be a good model
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that's always a great model anytime depending on rental demand, for those of us living in socal we just need to find a dependable prop management firms to make it happen and of course be willing to be involved with out of state investments. As for socal those RE figures would be wishful thinking.. say in Orange County any preferred zip code will easily have a 1b/1ba 1000sqft will run you in low 400's to high 300's, which is simply absurd.. and mind you slight higher if not same rents as figures you mentioned. Those same condo's back in 2010/11 were sold for 185-250's, its all about perfect timing but in SoCal this is even more pronounced.