CASH FLOW Is Back In Sonoma County
July 26th, 2009 categories: Buyer Resource
We have been working with a lot of investors lately. With interest rates at current levels, our buyers are finding opportunities where they can purchase a property and rent it out for more than their mortgage…what do we call this??? Oh yeah…CASH FLOW. You can find 2 bedrooms condos close to Sonoma State University for the $120,000 range, and rent each for $1,200 to $1,300…with mortgage rates in the 5% range, a loan with 10% down and even escrowing insurance and taxes, our clients are finding this to be a great time to buy. They are basically getting paid to wait for appreciation.
Let me repeat…prices are at historically low levels, and mortgage interest rates are also at historically low levels. If you want to purchase a property that allows for cash flow, then now is a great time.
Are Rohnert Park condos the only cash flow opportunity in Sonoma County…of course not! Other investors are purchasing fourplexes in Santa Rosa, and some are even investing in Fountaingrove homes, Santa Rosa homes, Rohnert Park homes, and even Petaluma homes. Unfortunately there is a lot of competition for single family homes, however there is little competition for investment property. I have no idea why to be honest. The prices have been cut in half, while rents are only down maybe 10 – 15%. Investment properties are about money flows, not prices…if you can cash flow a property, it is definitely worth looking at.
If you would like to learn more about Sonoma County Real Estate that allows Cash Flow opportunities, please visit us at WineCountryMoves.com.
If you want Cash Flow…now is a great time to buy.
