la quinta cove investment properties: Investors are Becoming Landlords in La Quinta
- 04/16/12 05:10 AM
We have been working with several investors in the Palm Springs area who are taking advantage of the low prices and abundant foreclosure homes on the market. Most are holding the properties and leasing them for close to 10% return on their money. One investor has plans to purchase 50 homes in the La Quinta cove neighborhood for $70,000-$130,000. So far we have 14 homes purchased with 3 more in escrow... but our inventory is dwindling.
After reading this NPR article today, I am beginning to understand why. Although the competition is sometimes fierce for these properties, with multiple offers on … (1 comments)
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la quinta cove investment properties: Just SOLD in La Quinta Cove!
- 02/10/12 06:05 AM
Kathy Schowe with Intero Real Estate just closed on this short-sale property in the La Quinta Cove! The La Quinta Cove is surrounded by mountains and hiking trails and is within walking distance to Old Town La Quinta!
This buyer will enjoy this beautiful view when he visits us in the winter... but many investors are buying homes in the La Quinta Cove and keeping them as rentals. Homes can be purchased from $80,000- $130,000 with 3BR-2BA, 1200-1400sq.ft... and leased annually bring in $1100-$1300/mo.
Give me a call and let me help you find your dream home or investment property in … (3 comments)
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We have been working with several investors in the Palm Springs area who are taking advantage of the low prices and abundant foreclosure homes on the market. Most are holding the properties and leasing them for close to 10% return on their money. One investor has plans to purchase 50 homes in the La Quinta cove neighborhood for $70,000-$130,000. So far we have 14 homes purchased with 3 more in escrow... but our inventory is dwindling.
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