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Reload this Page Is it possible to still find a 3 bdrm 2 bthrm property for under $120 000 in a good area with low crime? (Orange: short sales, real estate)
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Old 08-16-2008, 02:09 PM
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Default Is it possible to still find a 3 bdrm 2 bthrm property for under $120 000 in a good area with low crime?
Is it possible to still find a 3 bdrm 2 bthrm property for under $120 000 in a good area with low crime? My bank will not finance short term rental.

They also do not finance in communities where the percentage of investment owners vs resident owners are too high.

If there are still deals like these out there,
A: please let me know and/or send me an email with links.
B: let me know what areas to look at.

I am not interested in short sales or pre foreclosures. I will have to obtain a mortgage either from my own bank or a lender who has a FN program.

Thanks for your help and assistance.

Roy
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Old 08-16-2008, 02:28 PM
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Im sorry , but you are kidding right. Orangce county is one of the most expensive markets in the u.s. Go to so cal real estate news ( do the search for the link) and they have a direct mls link you can search by paramters, maps, etc.

But the short answer is not even close. Maybe the barrio in santa ana or anaheim, but no.. not going to happen.
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Old 08-16-2008, 02:50 PM
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Nope. You are out of luck. You might be able to buy a small (500 sq. feet) condo, a mobile home, a RV and live at WalMart's parking lot, or a tent at Big Five.
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Old 08-16-2008, 05:59 PM
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Houston, TX
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Old 08-16-2008, 06:08 PM
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Not in Orange County...not even if you double that amount.
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Old 08-16-2008, 07:09 PM
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Quote:
Originally Posted by Reivax View Post
Houston, TX
I was going to suggest Orange County TX.
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Old 08-17-2008, 12:52 AM
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mobile/manufactured home maybe, but thats it.
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Old 08-17-2008, 07:44 AM
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Quote:
Originally Posted by vegasboy View Post
Is it possible to still find a 3 bdrm 2 bthrm property for under $120 000 in a good area with low crime? My bank will not finance short term rental.

They also do not finance in communities where the percentage of investment owners vs resident owners are too high.

If there are still deals like these out there,
A: please let me know and/or send me an email with links.
B: let me know what areas to look at.

I am not interested in short sales or pre foreclosures. I will have to obtain a mortgage either from my own bank or a lender who has a FN program.

Thanks for your help and assistance.

Roy
Not in CA, plain and simple.
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Old 08-17-2008, 03:05 PM
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Quote:
Originally Posted by Reivax View Post
Houston, TX
Agree!
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Old 08-17-2008, 03:07 PM
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Quote:
Originally Posted by vegasboy View Post
is it possible to still find a 3 bdrm 2 bthrm property for under $120 000 in a good area with low crime? My bank will not finance short term rental.

They also do not finance in communities where the percentage of investment owners vs resident owners are too high.

If there are still deals like these out there,
a: Please let me know and/or send me an email with links.
B: Let me know what areas to look at.

I am not interested in short sales or pre foreclosures. I will have to obtain a mortgage either from my own bank or a lender who has a fn program.

Thanks for your help and assistance.

Roy
you have got to be kidding
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