Monday, November 5, 2007

First Time Home Buyers to Reap Big Rewards

There are very few times in the history of Silicon Valley where it is a great opportunity to buy homes. This is definitely one of them. Those who will gain the most are the first time home buyers and those who are buying investment single family homes. This is because that group will not have to sell something in the valley to buy another. Move up buyers will also do very well. Have you thought about buying a local home to rent out yet? You can get a very decent 3 bedroom, 2bath in west San Jose for under $600,000. Then, rent the house out for $2,000 per month. This is a great long term asset to own.

1 comment:

Anonymous said...

Buy at $600k to rent at $2k? Ever heard of math?