Downtown San Jose has so much going on that some of the older apartment complexes are such a great investment opportunity at the moment. Units close to the college ensure possible renters and many are close to the downtown action, appealing to younger people.
It's no secret that there are a number of short sales at the moment and CAR (California association of realtors) has even created a new form for agents to use specifically for short sales. In looking at what's available downtown San Jose you can find a number of good buys. You may not find that the rent covers your mortgage completely but it's a great opporutnity.
I have to say since coming to the Bay Area downtown has certainly changed considerably and definately a viable alternative to the BURBs of Silicon Valley.
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