February 2nd, 2011 9:05 AM by Eric Fang
One common questions from my clients(old or new)is whether this is a good time buy?
Usually I will give the answer: depends. Formost of the areas, the answer would be yes.
Here are some of the examples of the investmentproperties I closed last week:1)San Jose 95123. Purchase 450k.Monthly mortgage $1890. Property tax plus $540.Total $2430. the rental income $2200.A little bit negative.
2)Elk Grove 95757. Purchase price 245k.PITI: $1340. Rental $1600
3)Elk Grove 95624. Purchase 224k. PITI $1250. Rental $1500.
All the above properties are on the goodtenants areas. So the concultion is:as long as the cash-flow is good, it'sa good buy.
Like anything else, it's very hard to catchthe bottom. Personally I think the RE market is close to the bottom, though the bottom willbe a few years.