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Updated over 9 years ago, 04/30/2015
Location
I live in a very expensive town , Ojai in a very expensive part of the country,California. I have been looking to buy a house with a converted garage to live in while I rent out the house.
The place I work and have friends has 2 and 1 places that need 50 to 100 thousand repairs in order to move in and the asking price is around 450. There is no trouble getting renters.
The houses in another neighborhood 40 mintues away in Ventura on the Ave you can get so mush more house for less- however its a mixed area-theres beautiful houses ad there are gangs.
I feel discouraged buying in Ojai there are not many houses in my price bracket and 30 or so buyers looking then the bidding starts.
Any advise?