San Jose Real Estate

San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

“This is when a renter could be doing everything right,” Buchanan said. “They can be paying the rent on time, maintaining their housing, not disturbing their neighbors, and they can find themselves with an eviction notice pushing them onto the streets.”

More than 2,200 no-cause evictions have been reported in the city of San Jose since 2010, the report says.

Sourced through Scoop.it from: www.bizjournals.com

I believe in property rights but also believe in general fairness to all.  With 2,200 no-cause evictions, this problem needs to be addressed.

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Real estate investors on U.S. coasts target cheap, out-of-state markets

Real estate investors on U.S. coasts target cheap, out-of-state markets

The companies are pulling in money from clients in costly coastal markets that is boosting demand and home prices in the lower-cost cities they target. “In the last 12 months, I’ve seen more cash buyers from California than I’ve ever seen in my career, and I’ve been doing this for 25 years,” said Anne Callahan, a real estate agent in Cleveland, Ohio, where the average rent for a single-family home is up 4.2 percent over the last year, according to Zillow Research.

Sourced through Scoop.it from: www.reuters.com

This type of investing is not for the faint of heart and I always suggest taking a basic real estate investment class from a local investment group for tips on out-of-state investing. San Jose Real Estate Investment Group is one recommendation. 

sjrei.org

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