Blythe, CA 3/1 SFR - $38,000

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Blythe, CA 3/1 SFR - $38,000

Christine Lovett
Investor · Hemet, CA · Member since 2014 · 48 posts · 21 votes

Single Family Residence 3/1, 957 sq ft in Blythe, CA

Only $38,000

Rehab: $20K - $25K

ARV: $80K - $85K OR $800/mo rental

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
11y

got it.. my basic point is that you can buy low value cash flow RE in and around CA.. just need to know were to go.. so many are told they can't but they can.. now I am not commenting on the merits of said investments just the fact that they do indeed exist!

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
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    Wait a minute there is no cash flow in CA.:)

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  • Account Closed
    Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
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    Thats Blythe almost in Arizona I looked at duplexes there couple of years ago at 65lk pretty rural  @Jay Hinrichs

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    got it.. my basic point is that you can buy low value cash flow RE in and around CA.. just need to know were to go.. so many are told they can't but they can.. now I am not commenting on the merits of said investments just the fact that they do indeed exist!

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Christine Lovett
    OP
    Investor · Hemet, CA · Member since 2014 · 48 posts · 21 votes
    11y

    Our company just completed a rehab one block from this property and received a full price offer within days. Currently in escrow. Low income, first time home buyers are using the USDA loans to buy properties in this rural area that are affordable to them. Those loans are also don't have that pesky 90 day FHA rule to follow before changing owners again.

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  • Account Closed
    Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    11y

    @Christine Lovett

    Good point I did a couple of those loans in DHS and they are a great alternative to FHA.Where are you finding the opportunities in Riverside county today? I know Hemet was hit very hard but the recovery has been going very orderly with a 10% rise in rents and 8% rise in wages (2009-2014)for the county.Check out these stats someone posted on Big Pockets

    http://economistsoutlook.blogs.realtor.org/files/2015/03/NAR-Renter-Research-70-Metro-Areas.pdf

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