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Answers (3)
- Daniel & Gary Boyer, "Southland Properties"
- Contributions:43
Investing in a SFR in Walnut right now is a great idea. Myself and my investor clients have been buying SFR's in the east San Gabriel Valley for the past year. I believe prices have hit bottom and we will see a turn around as soon as the government gets out of the way.
Trying to find something in the $300,000 range will be difficult unless you have cash. The banks are continuing to sell properties at less than market value but they are normally in need of major repairs and can't get financed.
You may be a little upside down on rent vs. payment right now, but the appreciation over the next 5 years will more than make up the difference. Tax savings also come into play once you start investing in Rental Properties as well.
Trying to find something in the $300,000 range will be difficult unless you have cash. The banks are continuing to sell properties at less than market value but they are normally in need of major repairs and can't get financed.
You may be a little upside down on rent vs. payment right now, but the appreciation over the next 5 years will more than make up the difference. Tax savings also come into play once you start investing in Rental Properties as well.
- Jeremy Colonna, "Jeremy Colonna"
- Contributions:133
I think that investing in a single family residence is a risky endeavor.With financing being very similar, allocation of risk being lower and cost per square foot significantly reduced, I feel like looking at a triplex or fourplex being a far better pure investment. It all depends upon your needs and investment goals, but I think that you may want to look at these as viable options.
- Trinidad Gaeta, "Trinidad.Gaeta"
- Contributions:240
The Walnut and Diamond Bar Area is known specifically for their schools. You will not have a problem finding tenants for your investment property but the 300k price point is entry price for either town. You'll find more availability in Diamond Bar. Please let us know if we can help.
Trinidad Gaeta
Remax Realty 100.
Trinidad Gaeta
Remax Realty 100.
Is it good to invest in a single house in walnut/diamond bar?
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