West Coast Places To Invest?
I have come to the conclusion that commercial property in Southern California is not for me right now. While I do have a comfortable amount of cash to invest, I just cannot justify adding to my positions in southern cali. Currently I have 1.6 mil in RE in Sothern Cali.
I am calling out to the TCI forum!!! I am looking for your input on where to invest right now. Vegas has been brought up, Phoenix? Oregon? I want to hear what you have to say. I have sold some property in CA over the last couple months, so if you think Socal is the place, no need to tell me the reasons, I am aware of the pros and cons. SOrry if a 18 multiplier does not get me excited.
So, sound off! I am looking for specific cities, expected multiplier, future growth or prospects, or anything that makes you excited about the city.
Thanks and I hope others get something from this as well.
Try Oregon and Washington we had a 10% +across the board increase since last year in residential property values.
Of course Portland is/was one of the pioneers in urban growth restriction so you can guess what it is doing to property prices with no end in sight. Look out San fransico here we come.
My advice would be to follow the retirement set I have heard their trying to buy out southern florida.
Good Luck!
Well the word I am getting is Baja mexico.
Are you serious about baja, and can you expand. I have been looking for a property down there, for myself. I am thinking of getting some weekly rentals, and using them for my own enjoyment as well. I am going to hawaii and kauai next week for a couple weeks, and I am also lookin at props in baja as well yucatan. any other thoughts would be appreciated.
How is the Sacramento commercial market these days? Any input would be appreciated.
The central valley is one place I am looking, merced, stockton and I have thought about going as far as sacramento.
Is concentrated risk you're concern w/ s. cal?
MY concern with socal is that there is no money to be made. 17 grm just doesn't work for me. I am looking in phoenix now. I think small development or remodel is a way for socal, but I am looking to buy something about 2mil, and hold.
i've started looking at utah and i'm liking it.
got the bldr,lender, lease-option company all lined up.
get 10% discount from bldr, no costing costs, and
tenant-buyer pretty soon after closing. cashlfow with
0 down!!! yipeee!
the tax rate is 1.2% of 55% of FMV!!!!
i've never been to utah, but i'm looking forward to
a tax-deductible trip!!!!
back from my utah trip. love it there! got 2 house for 215k. rents are 1450 and 1570 lease-options with 3k downpayment on each!