If you’re shopping for a mortgage right now, chances are you’ve heard a lot of opinions about how much you should spend on a down payment. Many people think that the more you can spend on a down payment the better, but there are some factors at play that may dissuade you from making a large down payment. Keep reading to find out what it really means to make a small or large down payment on a home.Read More Investment News
For our July Property of the Month, I have selected Dutch Brothers Coffee in Redmond Oregon, because it represents the ideal situation for those investors who are looking to make a start in this field of passive real estate investments.
- It is: Priced at just under $1.5 million
- It is: new construction (2017)
- The lease is for 15 years with 4 – 5 year options to renew
- It is an absolute triple net ground lease, which means the landlord has no responsibilities at all.
- It offers a 5.3% return on your initial investment.
- Income increases 3% per year to cover inflation.
- Dutch Brothers is the largest privately held drive thru coffee company in the United States
- The area has seen a ten-fold increase in population in the past 7 years.
There are no guarantees in life, but in the field of triple net investing, this property offers as much assurance of safety as I have seen.Read More Investment News, Triple Net Properties For Sale
Housing prices in most parts of California and the country have returned to or exceeded previous highs attained in the 2006-2008 market peak, and many are beginning to ask if we are in another bubble that will see a collapse of housing prices similar to what happened 10 years ago.
My sense of the market is that we are not in danger of a collapse in housing prices, but we face a much more insidious problem.
10 years ago home prices were escalating rapicly and people felt they needed to buy now or be left out of the market. The home finance industry created some very innovative loans that allowed people to qualify to buy homes they simply were not qualified to pay for...Read More Investment News
According to Zillow’s US and 50 Largest Metro Areas report for November 2017, housing costs in San Jose are the most expensive for any Metro area in the country.
Five of the most expensive metro areas in the country are in California, and 3 of the top 10 (San Jose, San Francisco, and Sacramento are in our own Bay Area.