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Hey Guys, off topic question... My mom has a savings account in a Punjab National Bank branch. Recently while trying to do transaction branch manager is informing her account has been blocked as per SEBI directive, he is not showing any proof for the same. Now my mother does not even have a DEMAT account, nor does she have any dealings with stock market. Any suggestions on what to do regarding this? Please help with suggestions, we are completely lost as to what to do. Punjab National Bank
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I am convinced we will be having a correction in the next 6-12 months.
If that happens, do you have any thoughts on where in SoCal would be best to get an investment property in?
I live in OC. Dont buy an investment property in here unless you have 50% down. Rent income doesnt pay the mortgage. That's why ppl rent.
I guess depends on the condo. Mine is 4 story. I originally had my mortgage with WF. Refinanced with US Bank. When they plug in my property info, the rate goes up by .5%. Because it is a 4 story condo
San Diego county, 46% of dollars (I think this was like 2014 or 16) are government dollars being earned there due to the massive military and science presence there.
This can potentially buoy the city as the military shifts its forces to the pacific. When you rent, if a military member doesn’t pay, you can contact their command. Also, if you find the right place, you price a number of issues out of the market.
I bought in SD in 2015 and it’s been a great rental property after I lived in it.
Thank you both for the insight here. I used to live in Mira Mesa and have to do some research on the areas in SD. AirBnB sounds lucrative but seems like it could be a big a headache as well
Lol you’re always gonna find someone who says it’s not a good time to buy in so-cal. Investment property is always going to a solid decision Bec real estate here will just keep going up.
I would look at LA over OC/SD
Your information about the valley is based on old tropes. Look into Studio City and Sherman Oaks as they continue to be some of the hottest markets in all of Los Angeles and Southern California. You can get a (relatively) sizable plot of land (6-7k sq ft) with a backyard and the front yard in the $1 million range, compared to 4500-5k sq for 1.5mm. Much more community oriented, families with children, walkable, safe. And the rental market is scorching hot here. Don’t forget, that is where the majority of “Hollywood” actually lives (including most of your favorite celebrities).
I bought a house in Irvine in 2013 with 20% and made it into a cash flow neutral rental in 2018. I’ve been looking and think it’ll be very hard to find a property that is cash flow neutral with 20% down unless you have a real eye for rehab
I’m expecting a big correction this year but feel less confident in that estimate than I did two months ago