Archives: January 2011

Trulia report shows buying cheaper than renting in most major metro areas

by SimplyDoIt
Categories: Arizona, Econimics, Florida, Foreclosures, General Investing, Investment Properties, Properties, US Real Estate
Tags: , , , , , , ,
Comments: No Comments
Published on: January 28, 2011

by CHRISTINE RICCIARDI

Monday, January 24th, 2011, 11:02 am

It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the Trulia rent vs. buy index released Monday.

The real estate data firm said increased demand for rental properties is driving the cost of homeownership down nationwide.

“Since the start of the Great Recession, many former homeowners have flooded the rental market,” said Pete Flint, chief executive and co-founder of Trulia. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.” (more…)

Rent vs. Buy: More Affordable to Buy in 72% of America’s 50 Largest Cities By Trulia

by SimplyDoIt
Categories: Econimics, Foreclosures, Investment Properties, Properties, US Real Estate
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Published on: January 24, 2011

Trulia released the findings of its Q1 2011 Rent vs. Buy Index today. When we compared the median list price for a two-bedroom apartment, condo or townhouse with one year’s worth of rent for similar property, it’s actually more affordable to buy in 72% of America’s largest cities. To illustrate which cities are more affordable to buy or to rent, we created a cool interactive map to help people make smarter real estate decisions. Check it out!

Read Full Article

Does Buying In A Live Auction Make Sense

by SimplyDoIt
Categories: Auction, Foreclosures, General Investing, Investment Properties, Properties, Silicon Valley
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Published on: January 20, 2011

At an auction held earlier today in Mountian View CA the following properties were auctioned:

  • 453 N Rengstorff Ave #4, Mountain View CA 94043
  • 38500 Paseo Padre Parkway #308, Fremont CA 94536
  • 3300 Wolcott Common #212 Fremont, CA  94538

The Auction was held at the first property address but all three properties were auctioned.

Besides several guidelines, instructions, and disclosures the most important thing to know is that there is an additional 5% fee on the top of the winning bid (not including closing costs). It was also stated that the buyer cannot sell the property for more than 120% of the purchase price (winning bid) in the following 3 months.

My goals for these auctions were:

  1. Check the property, its condition, and the area\community.
  2. See how many people show up.
  3. See how low below market a property is sold at an auction.

The Property

I was only able to see the first property in the list. It looked just fine. Carpets were in ok shape. Kitchen seems relatively new. All seemed to be in order and in move-in condition, at least from the quick look I took.  (more…)

Meetup: RE101:Creating Income Stream & Lowering Taxes While Holding a Job Raising Kids

by SimplyDoIt
Categories: Econimics, General Investing, Investment Properties, Silicon Valley
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Published on: January 5, 2011

New year, New Forum, New Ideas, New Friends
Meeting is Free

RAVP and Details:

6:45 Registration & Networking
7:00 Introduction and Updates
7:15 First session – “Real Estate Perspective”
7:45 Members Pitch – 30 seconds to pitch your deal
8:00 Networking
8:15 PM Main Presentation By Hannah Fliegel
9:15 Meeting Adjourn and Networking

Whether you are a new investors or seasoned professional, there is something to learn from this month’s speaker Hannah Fliegel.  (more…)

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