Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Saturday, May 5, 2007
Newbie Investor's Land Speculation Goals
Let me buy a $15,000 single family lot in the desert above Los Angeles. The goal is that the lot will sell for $30,000 in a few years. Small $5,000 downpayment (feel free to extrapolate for ye with bigger budgets) and small monthly negative. Is this a good investment? Will the effort be worth the possible $15,000 gain less the cost of ownership? That same small downpayment will cover the closing costs on a zero down condo for our investor to live in. Then she benefits from tax sheltering and better financing. In this case, go for the condo.
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