Posted by Eva on January 12, 2003 at 17:47:31:
Please send me as much info as you can about your homes. My partner may be interested.
Northern California Real Estate, Impossile? - Posted by Peter Knezevich
Posted by Peter Knezevich on January 08, 2003 at 17:24:52:
I have just begun scouting for properties in the Northern California, but am becoming discouraged because finding a positive cash flow seems nearly impossible.
Any suggestions as to where to start?
Yes, Impossible - Posted by Bill
Posted by Bill on January 08, 2003 at 18:06:39:
You have run into reality as concerns certain areas of the country. In Calif.,and some other pricy areas, everyone in buying for appreciation with the thought that there is no end in sight. This has been going on for years.
Get used to it. There is no cash flow on these hot areas unless you find a real cheap deal.
Ron Starr has had lots of info on this. If you check the archives, you’ll find it. You may have to go to central Calif or even further to find areas that work.
In these hot areas, you either just flip them or you need deep pockets.
Good luck,
Bill
Re: Yes, Impossible-for SFH’s - Posted by Bryan-SactoCA
Posted by Bryan-SactoCA on January 08, 2003 at 19:59:56:
I agree that it’s hard to find positive cash flow on SFH’s, usually you either flip or lease option these. The best use for SFH’s in CA is to build up cash reserves and investing skills to invest in apartment buildings of more than 6-8 units, which is where the cash flow is IMHO. Commercial real estate such as office buildings can return fat cash flow in good times, but in bad times they go sour, so you need to know when to get in and when to get out.
Re: Yes, Impossible-for SFH’s - Posted by Juan Escobar
Posted by Juan Escobar on January 09, 2003 at 02:08:14:
Central California in Modesto - Fresno - Bakersfield area are ripe for investment Not too expensiove but still enough for strong cash flow on SFR and units.
Strong market at this time
Email since I have about 8 homes for sale that are currently rented and need to be sold quick. Can make easy finance on these deals. Home range from 75K to
150K in price.