Updated over 4 years ago on . Most recent reply
Why would anyone buy rentals in places like Santa Barbara?
I live here in Santa Barbara and I understand there are deals in every market. For example I could find a cash flowing deal with certain owner financing terms or master leasing but other than that you need your loans to be really paid off here to have a low enough payment to generate cash flow. So my question is why would anyone want to invest in places where the rent to market values ratios are so low?
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To gamble on appreciation like many are doing in Dallas here now. It’s not a wise play & that’s why many CA investors invest in cash flow markets in the Midwest.