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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (127805)6/7/2008 4:13:40 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
just a real ball park figure would be that a $800K-$900K house rents for maybe $2400. In fact most 3br/2ba houses which can sell for anywhere from 500K-$1mm in the "burbs" part of santa clara valley (this would be parts of san jose, city of santa clara, etc - NOT palo alto)- pretty much all rent for between $2K-$2500/mo., so the trick is to buy rental property for as cheap as possible while still remaining in a quality neighborhood.

Buying here is never a cash flow positive, most RE investors here are buying for appreciation.



To: John Vosilla who wrote (127805)6/7/2008 4:49:17 PM
From: neolibRead Replies (1) | Respond to of 306849
 
My brother says the rents are $2-2.5K for most of these properties, so half of what you think they should be. In his neighborhood starting back in 2004-5ish purchasers consisted of Asian families pooling money out of the far east. That has largely stopped.


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