Investors are once again flocking to La Quinta, California. Just today I got 3 calls from investors - one is a buy and flip client and the other 2 are looking for rentals with positive cash flow to rent long term. All of the investors who called today are cash buyers
Here are some examples of not deals but steals:
Buy and flip - 2 bedroom, 2 bath condo on the court house steps for $40,000 and resell for $80,000. After closing costs and rehab costs of $18,000 - profit to seller of $22,000
Long term rental - Buy at $130,000 and lease for $1400-$1600 a month. Taxes, insurance, gardener and water and leasing agent costs of $350 per month = $1050 per month income ROI 7%
These are some examples of great steals for investors in La Quinta, California.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
Lori - Hope you have great luck with the investors! This is a wonderful time to invest in real estate,
We have an investor who is buying homes in the cove! Wrote an offer on Friday... hope we get it! Kathy