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Updated about 9 years ago,

Dan D.'s profile image
Dan D.'s profile image
Dan D.
  • from Huntington Beach, California
  • Member since May 27, 2015
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User Stats

58
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8
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Dan D.'s profile image
Dan D.'s profile image
Dan D.
  • from Huntington Beach, California
  • Member since May 27, 2015
Connect
Dan D.
  • Huntington Beach, CA
8
Votes |
58
Posts
Buying & Selling Real Estate

Why don't they buy?

Dan D.
  • Huntington Beach, CA
Posted

I am in the crazy CA real estate market; and have been looking into buying out of state.

Either 30-50k cash deals or 110-150k deals financed that cash flow.

My question is: on the 110k-150k deals, why are there not more owner occupant buyers? The payment on those prices would be 800-900 per month; and FHA goes down 580 fico w/ only 3.5% down. So why are there renters at 1500/mo. on these properties and no owner occupant buyers?

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