2009 Housing Prices Plummet in Hemet!

I'm starting this blog to educate and inform real estate investors nationwide who are interested in Southern California cash flow rental properties. That's right! Cash flow in California is now not only a reality in 2009 but the returns (cap rates) are incredible in Hemet, CA. I'm seeing REO properties going for a fraction of their 2005-2007 highs (homes purchased for $300K in 2006 are being dumped for $60K these days). Meanwhile, the home-owner population of Hemet which was once well above the national average in home ownership are now being (and sadly so) converted a city of renters creating a ready market for investor-owned rentals. Foreclosures are rampant here and finally the banks are dumping their REOs in Hemet at fire sale prices.

Hemet is has flaws (high unemployment, lower income population, higher than average crime rates), but the current environment provides a unique opportunity for real estate investors who are cautious and want to secure cash flow in excess of 10-12% for their capital.

If you are a real estate investor who has a modest amount of capital to invest and want to use your capital to create a stream of passive income TODAY and not wait until the market turns around. If you think the market can not be accurately “timed” and any significant rebound in housing prices in Southern California may take years of not decades, then you should give Hemet, CA a closer look!