Jeannie Niles Real Estate Investment
 |
Riverside County #3 in U.S. for Foreclosures!
Realty Trac Inc reported that Riverside/San Bernardino Counties were #3 in the U.S. for foreclosure filings……1 filing for every 43 households!!!!
Since my primary area of doing business is in the Palm Springs area of Riverside County, I decided to do some additional research. Equity Title advises that for the period 10/8 to 11/8 there were 1740 foreclosures filed in Riverside County. 208 of those foreclosures were in the Palm Springs area, also known as the Coachella Valley. This calculates out to 12% of the total, a number far more comforting than one out of every 43 households
-
Income property has once again become “Income property”.
-
There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
-
It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
-
Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
-
Cap Rate is the best tool for determining the value of an income property.
-
Some of the most outrageous episodes in property ownership that the owners lived to tell about.
-
Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
