All Forum Posts by: Pandu Chimata

Ok Sounds good. 

I am getting a mixed response that Cathedral City draws less vacation crowd compare to Palm Desert and La Quinta ?  Can some one weigh on this opinion ?

Obviously, Palm Springs brings more crowd but also more expensive. 

It costs almost $7 in CA for wood installation, including the average brand material. 

Fellow investors/Land Lords,

I am exploring a SFR (with pool and no HOA) to purchase that is listed on MLS in Cathedral city, close to Palm Springs.

It's a standard sale. I am looking to rent it out either for standard renting/vacation renting.

Any one who is already investing in this area - can shed some light ? pros and cons ? etc.. 

@russell 

@Russell Brazil, How do you identify the market in a specified area ?

Closing costs does not look right. 8200 ?

If I understand correctly - your total cash out is =  25,175.00

1. 3.5% DP + Closing costs + 20K rehab cost 
2. 3675 + 1500 + 20K)  = 25,175.00 

Cash flow is = $570/Month = 6840/year

Cash on Cash Return = 27% which is good. 

Note: I am assuming 1500 is your closing costs.

However, if closing costs are 8200, then your cash out is = 31,875.

Cash on Cash Return = 21% which is also good.

@mark 

@Mark Hower, Good luck with your new investment. Please share your experience when the purchase is done. 

I am also on lookout for a VR. 

@Jay Hinrichs - what are your preferred areas for long term investing, if not Texas and why ?

@Karen Alexander - Good point on gas prices. and its continue to there since we are all moving towards green, which is a good thing. 

I have been debating on the same - what is the city or group of cities that has growth potential in the next 5 to 10 years ?

I am really looking for long term and sustainability, though it is not easy to predict. 

@Account Closed - Great ! I will work on it, starting tomorrow morning.. 

@Mackal Smith -Wonderful ! and it's truly inspirational. I believe in that magic formula. on the personal level, I am struggling to be disciplined to make this part of my routine. In other words I simply lack consistency.

I am very very happy that it's working for you and I wish you all the best for all your goals.