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I drive past Plumas Lake every week, always been intrigued by the large modern houses that are advertised in the mid 100s. Did some zillow/craigslist browsing and i was quite surprised to find 1800+sq ft houses going for as low as 130k, with average monthly rental above 1k a month, often around 1300-1500.
Im aware of the flood warnings, seems to be covered by new levees and insurance.
Im aware of the fact there is only 1 commercial business. Seriously nobody has tried to open a coffee shop or something?
However i like the stability of possible renters due to Beale AFB, and those looking to rent in a nicer safer neighborhood outside the slums of olivehurst. i like how every home is 2003 or newer, and how there are 2 well rated schools in the neighborhood.
The houses themselves look nice compared to others in the area, especially compared some properties i own in oroville and in the bay area.
It seems like a good idea to get into a mortgage on one of these properties now, and then let renters cover it until its paid off. Seems like a decent place to retire as well, or possibly raise a family.
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