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