ErraBook_monagadu Posted March 3 Report Posted March 3 Purchased June 2024 for 800k on the market for rental after purchase. No tenant until now even after dropping rent from $3500 to $3000. Imagine you try to resell in June 2025 in a downmarket for 600k. Can someone help calculate the loss for investor in 1 year? Use 7% interest rate. You are not even living here, it is vacant entire time!! https://www.zillow.com/homedetails/7253-Vinny-Pl-Tracy-CA-95377/349372872_zpid/ Quote
ErraBook_monagadu Posted March 3 Author Report Posted March 3 The property is not getting tenants since June 2024. Worst thing is a smaller house next street is purchased in Feb 2025 at 700k and put on rental $3100. Why would you do that? I can’t imagine, are these people buying properties remotely on zoom? Just how can you expect $3100 rent when another larger house is not renting for $3000. Why would you buy investment property where there is zero demand for rentals? https://www.zillow.com/homedetails/7264-Diamond-Ave-Tracy-CA-95377/2061760756_zpid/ Quote
ErraBook_monagadu Posted March 3 Author Report Posted March 3 And your monthly payments are $6K- $7K while the houses are sitting vacant collecting dust Quote
11_MohanReddy Posted March 3 Report Posted March 3 How do you know they didn't buy it with cash? Quote
ErraBook_monagadu Posted March 3 Author Report Posted March 3 8 minutes ago, 11_MohanReddy said: How do you know they didn't buy it with cash? What difference it makes? You invest that cash in high yield account it earns 5% interest rate. Forget interest rate, just leaving in checking account it still remains 800k. Take the money and buy house in Tracy in one year you lose half of it 400k remaining 🤣 1 Quote
r2d2 Posted March 3 Report Posted March 3 1 hour ago, ErraBook_monagadu said: What difference it makes? it does.. when the cash is expendable.. Quote
Popular Post ErraBook_monagadu Posted March 3 Author Popular Post Report Posted March 3 2 minutes ago, r2d2 said: it does.. when the cash is expendable.. I know you don’t know anything about investment. Expendable doesn’t mean there is no opportunity cost for that cash. Pillalu ra miru, English lo rendu words telsukovatam anukuntunaru investment ante 3 Quote
r2d2 Posted March 3 Report Posted March 3 4 minutes ago, ErraBook_monagadu said: I know you don’t know anything about investment. I know not to make assumptions.. have fun.. Quote
ErraBook_monagadu Posted March 7 Author Report Posted March 7 Last one week, 20% increase in number of homes for sale in Tracy. Eventually with no buyers, prices will tank in 3 months. Quote
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