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Updated about 2 years ago,

User Stats

7
Posts
2
Votes
Marysol F.
  • Financial Advisor
  • Hermosa Beach, CA
2
Votes |
7
Posts

Newbie looking in Palm Springs/desert cities🌴

Marysol F.
  • Financial Advisor
  • Hermosa Beach, CA
Posted

I am starting out and looking for my first RE investment property in the Palm Springs area. I am open to all dessert cities, but appears as if condos are the only properties available in my price point. Well, manufacturerd homes as well but I'm not comfortable starting there. Part of the reason I started looking in Palm Springs is bc my credit union is offering decent terms but the property has to be in California. I had previously searched in Las Vegas and Phoenix but am now considering something closer to home (Los Angeles resident) bc it seems "easier" for my first run , the properties seem to be similarly priced across these three markets for what I am searching (sub-200k) and the conventional loan rate I was quoted is under 7%.

Any advice on condos, HOAs, or this area in general? Also would like some realtor and property manager referrals, my current realtor (that inwas referred to) seems to be less enthusiastic to help a newbie. Thank you!

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