Adelanto, Victorville (CA) rental market - Posted by james(CA)

import · May 12, 2011, 2:52pm

Posted by vtbh on May 16, 2011 at 24:35:30:

You may check out the city of Riverside proper too. And
Redlands and Highland in San Bernardino County. Maybe
Moreno Valley. I like those areas b/c they are closer
in.

import · May 12, 2011, 2:52pm

Posted by james(CA) on May 12, 2011 at 14:52:45:

I am looking to buy in Victorville and Adelanto. I like new homes in Adelanto but have lower income residence. How is the rental market there?

For 3/2 home, the rents seem to be around $900-1000.

import · May 15, 2011, 11:28pm

Re: Adelanto, Victorville (CA) rental market - Posted by vtbh

Posted by vtbh on May 15, 2011 at 23:28:49:

Bruce Norris appraiser Rick Solis has bought like 40
houses up there and said they rent well. He says he
gets a lot of former homeowners that lost their house
to foreclosure. Good tenants b/c they won’t be buying
for a few years. He does granite tops and laminate
floors and says that attracts tenants fast.

import · May 15, 2011, 11:58pm

Thanks - Posted by james(CA)

Posted by james(CA) on May 15, 2011 at 23:58:03:

2 property management co recommended Victorville over Adelantor due to desirability.

I am also looking at Perris, Hemet and nearbys. My price range is low from 120K and less as I want to get good GRM of 5-6. So high desert looks better than inland at the moment but they won’t appreciate much in the future. My thinking is to pay them off asap in 5 years and get cash flow for retirement.