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Old 08-16-2008, 01:09 PM
 
Location: Punta Gorda
181 posts, read 453,383 times
Reputation: 90

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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, 01:28 PM
 
114 posts, read 471,956 times
Reputation: 47
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, 01:50 PM
 
Location: Mission Viejo, CA
2,498 posts, read 11,434,862 times
Reputation: 1619
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, 04:59 PM
 
Location: Kingwood, Texas
499 posts, read 2,156,559 times
Reputation: 343
Houston, TX
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Old 08-16-2008, 05:08 PM
 
Location: Laguna Woods, CA
198 posts, read 354,404 times
Reputation: 88
Not in Orange County...not even if you double that amount.
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Old 08-16-2008, 06:09 PM
 
11,715 posts, read 40,438,984 times
Reputation: 7586
Quote:
Originally Posted by Reivax View Post
Houston, TX
I was going to suggest Orange County TX.
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Old 08-16-2008, 11:52 PM
 
Location: RSM
5,113 posts, read 19,757,166 times
Reputation: 1927
mobile/manufactured home maybe, but thats it.
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Old 08-17-2008, 06:44 AM
 
Location: Irvine, CA to Keller, TX
4,829 posts, read 6,928,365 times
Reputation: 844
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, 02:05 PM
 
619 posts, read 2,167,431 times
Reputation: 261
Quote:
Originally Posted by Reivax View Post
Houston, TX
Agree!
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Old 08-17-2008, 02:07 PM
 
Location: Orange County, Calif.
92 posts, read 349,528 times
Reputation: 34
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
Reply With Quote Quick reply to this message
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