What to Look For in a Mountain View Rental Property Investment

If you are thinking about buying a Mountain View property for a rental investment there are a few issues you should think about before making your purchase.
The type of property choices for Moutain View Investment Properties include:
1. Single family homes
2. Condos
3. Multi-Family Homes (Small apartment buildings)

Each of these property types have advantages and disadvantages so your choice needs to be made based on your own particular needs and financial goals.
Investment Pros of Mountain View Single Family Homes:
1. Best appreciation
2. Can find in better locations than most condos and apartments.
3. You only have to deal with one tenant at a time.
Investment Cons of Mountain View Single Family Homes
1. Land is worth more than homes so the rent you get for dollar spent to purchase is less in a single family home than the other types of properties.
2. If your tenant stops paying or leaves, you get no rent until the home is re-rented.
Investment Pros of Mountain View Condos
1. More money in rent per dollar spent since you own very little land, mostly home
2. You can get newer, larger, condos for the same price as a house so higher rent
3. Better rent than a single family home for the same amount spent to purchase.
Investment Cons of Mountain View Condos
1. There is an HOA fee
2. The HOA can assess additional assessments for needed repairs
3. May not have as good appreciation as a single family home.
Investment Pros of Mountain View Multi-family homes
1. Multiple units give you more rent per dollar spent than homes or condos
2. If one unit becomes vacant you still have rent coming in from other units.
Investment Cons of Mountain Ciew Multi Family Homes
1. They usually cost more than condos
2. There is more maintenance with multiple kitchens and baths

So, if you are thinking about purchasing an investment property in Mountain View spend some time thinking about your goals and what is more important, cash flow or appreciation. What is good for you may not be good for a different Mountain View investor so give your situation more weight when making investment decisions.
If you have any question about investment properties in Mountain View please feel free to contact me.
Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194