Thread: Buying a rental property in Palmdale,CA or Lancaser,CA

I live in Southern California, in Long Beach, and I currently rent an apartment. I don't think I will be able to afford my own place out here right now. But my coworker suggested that I buy a house up in Palmdale or Lancaster, and rent it out. He says that home prices up there are very cheap, and that the rent will be more than enough to cover the mortgage. And then within a year or so, I'll be able to sell it and make a pretty big profit.

So does anyone know about Palmdale or the high desert? Is it worth it to buy something up there?

Did you say Palmdale? This is all I know about it...

..

just remember that mortgage payments are not your only expenses...taxes, insurance, property maintenance, repairs, capital improvements, vacancy loss, advertising, management fees (if your not doing it), etc etc..

If you are a single younger person, buy a home that you can live in and rent out a room or two... That's the best way to get started.

SammyF and NYspeedfreak both made valid points. OP, I also sent you a PM.

afroman... geeez

i was just talking with sean about lancaster....do it....

if you decide to make this investment feel free to contact me, i got a few hook ups in that area

Finally got banned I see.