All Forum Posts by: Richard Chover

@Austin Shade my primary residence has been in Wildomar for about 10 years now. Murrietta is generally considered a 'better' area when compared to Wildomar. What type of properties are you looking for? Wildomar has more custom-built and unique properties than Murrietta. For instance, Murrietta is primarily SFR tract homes on lots that are <10,000 sqft., vs. Wildomar where you can find everything from custom homes with casitas, down to mobile homes on their own land. Feel free to PM me if you have questions about a particular neighborhood in Wildomar.

@Kelsey Mortimore find deals that you are comfortable with, even if there is a drop in RE prices. For me, this means I like to operate with a Debt Service Coverage Ratio(DSCR) of about 1.25 to 1.5. I invest for cash flow, so future property value is not a primary driver in my decisions, but cashflow absolutely is. If you find a deal that works for you, do it!