[(former)FormerSanDiegan]

I don’t think it matters what agent you use.I doubt the seller would accept your offer, anyway.

You are like the young, beautiful bride who left them at the altar, then came back 20 pounds heavier and wanted to get married. Why would they agree to get married to you now ? You are less desirable and already dumped them once.

[(former)FormerSanDiegan]

I don’t think it matters what agent you use.I doubt the seller would accept your offer, anyway.

You are like the young, beautiful bride who left them at the altar, then came back 20 pounds heavier and wanted to get married. Why would they agree to get married to you now ? You are less desirable and already dumped them once.

[(former)FormerSanDiegan]

You can get under 5%, 30-year fixed for a rental property, if you have at least 80% LTV. But there are many considerations. If you are buying a rental that is currently vacant, you may have a tough time (perhaps impossible) claiming the income on the property for qualificaiton purposes.

It will depend on your current debt load (do you own a primary residence and have a mortgage on it ?) and other factors.

Based on personal experience owning rentals for the past decade in San Diego, if you do not have enough for 20% down, plus have reserves equivalent to 6 months of mortgage payments (not for vacancies, but for repairs, maintenance, vacancies combined), you should not buy and hold a rental property. Just my opinion.

Hopefully HLS is out there and can offer a more informed response.

[(former)FormerSanDiegan]

You can get under 5%, 30-year fixed for a rental property, if you have at least 80% LTV. But there are many considerations. If you are buying a rental that is currently vacant, you may have a tough time (perhaps impossible) claiming the income on the property for qualificaiton purposes.

It will depend on your current debt load (do you own a primary residence and have a mortgage on it ?) and other factors.

Based on personal experience owning rentals for the past decade in San Diego, if you do not have enough for 20% down, plus have reserves equivalent to 6 months of mortgage payments (not for vacancies, but for repairs, maintenance, vacancies combined), you should not buy and hold a rental property. Just my opinion.

Hopefully HLS is out there and can offer a more informed response.

[(former)FormerSanDiegan]

You can get under 5%, 30-year fixed for a rental property, if you have at least 80% LTV. But there are many considerations. If you are buying a rental that is currently vacant, you may have a tough time (perhaps impossible) claiming the income on the property for qualificaiton purposes.

It will depend on your current debt load (do you own a primary residence and have a mortgage on it ?) and other factors.

Based on personal experience owning rentals for the past decade in San Diego, if you do not have enough for 20% down, plus have reserves equivalent to 6 months of mortgage payments (not for vacancies, but for repairs, maintenance, vacancies combined), you should not buy and hold a rental property. Just my opinion.

Hopefully HLS is out there and can offer a more informed response.

[(former)FormerSanDiegan]

You can get under 5%, 30-year fixed for a rental property, if you have at least 80% LTV. But there are many considerations. If you are buying a rental that is currently vacant, you may have a tough time (perhaps impossible) claiming the income on the property for qualificaiton purposes.

It will depend on your current debt load (do you own a primary residence and have a mortgage on it ?) and other factors.

Based on personal experience owning rentals for the past decade in San Diego, if you do not have enough for 20% down, plus have reserves equivalent to 6 months of mortgage payments (not for vacancies, but for repairs, maintenance, vacancies combined), you should not buy and hold a rental property. Just my opinion.

Hopefully HLS is out there and can offer a more informed response.

[(former)FormerSanDiegan]

You can get under 5%, 30-year fixed for a rental property, if you have at least 80% LTV. But there are many considerations. If you are buying a rental that is currently vacant, you may have a tough time (perhaps impossible) claiming the income on the property for qualificaiton purposes.

It will depend on your current debt load (do you own a primary residence and have a mortgage on it ?) and other factors.

Based on personal experience owning rentals for the past decade in San Diego, if you do not have enough for 20% down, plus have reserves equivalent to 6 months of mortgage payments (not for vacancies, but for repairs, maintenance, vacancies combined), you should not buy and hold a rental property. Just my opinion.

Hopefully HLS is out there and can offer a more informed response.

[(former)FormerSanDiegan]

[quote=ryphoenix]Long time lurker here.

Thanks to this thread and the Mira Mesa thread, I started to semi-seriously look at these 2 areas after years of waiting. Don’t worry Scarlett I’m looking for slightly smaller and cheaper place than you. 🙂

Any recommendations on good agents on these 2 areas? I don’t think any of the pigg agents are experts of these two areas unfortunately, and neither is JTR. (But feel free to correct me!) Someone mentioned Rudy Theobald…and I’ve heard Gary Kent is good?? I’m a first time buyer… so help please![/quote]

I recommend Rudy Theobald, particularly for the Clairemont/Bay Park/Bay Ho areas. He is excellent at seeing through details in the transaction. I’ve sold 2 houses and bought 2 houses using him as an agent. Although my last transaction was about 5 years ago, he calls a couple times a year (including within the past 2 weeks) to give me updates on the micromarket where my rental property is located.

[(former)FormerSanDiegan]

[quote=ryphoenix]Long time lurker here.

Thanks to this thread and the Mira Mesa thread, I started to semi-seriously look at these 2 areas after years of waiting. Don’t worry Scarlett I’m looking for slightly smaller and cheaper place than you. 🙂

Any recommendations on good agents on these 2 areas? I don’t think any of the pigg agents are experts of these two areas unfortunately, and neither is JTR. (But feel free to correct me!) Someone mentioned Rudy Theobald…and I’ve heard Gary Kent is good?? I’m a first time buyer… so help please![/quote]

I recommend Rudy Theobald, particularly for the Clairemont/Bay Park/Bay Ho areas. He is excellent at seeing through details in the transaction. I’ve sold 2 houses and bought 2 houses using him as an agent. Although my last transaction was about 5 years ago, he calls a couple times a year (including within the past 2 weeks) to give me updates on the micromarket where my rental property is located.

[(former)FormerSanDiegan]

[quote=ryphoenix]Long time lurker here.

Thanks to this thread and the Mira Mesa thread, I started to semi-seriously look at these 2 areas after years of waiting. Don’t worry Scarlett I’m looking for slightly smaller and cheaper place than you. 🙂

Any recommendations on good agents on these 2 areas? I don’t think any of the pigg agents are experts of these two areas unfortunately, and neither is JTR. (But feel free to correct me!) Someone mentioned Rudy Theobald…and I’ve heard Gary Kent is good?? I’m a first time buyer… so help please![/quote]

I recommend Rudy Theobald, particularly for the Clairemont/Bay Park/Bay Ho areas. He is excellent at seeing through details in the transaction. I’ve sold 2 houses and bought 2 houses using him as an agent. Although my last transaction was about 5 years ago, he calls a couple times a year (including within the past 2 weeks) to give me updates on the micromarket where my rental property is located.

[(former)FormerSanDiegan]

[quote=ryphoenix]Long time lurker here.

Thanks to this thread and the Mira Mesa thread, I started to semi-seriously look at these 2 areas after years of waiting. Don’t worry Scarlett I’m looking for slightly smaller and cheaper place than you. 🙂

Any recommendations on good agents on these 2 areas? I don’t think any of the pigg agents are experts of these two areas unfortunately, and neither is JTR. (But feel free to correct me!) Someone mentioned Rudy Theobald…and I’ve heard Gary Kent is good?? I’m a first time buyer… so help please![/quote]

I recommend Rudy Theobald, particularly for the Clairemont/Bay Park/Bay Ho areas. He is excellent at seeing through details in the transaction. I’ve sold 2 houses and bought 2 houses using him as an agent. Although my last transaction was about 5 years ago, he calls a couple times a year (including within the past 2 weeks) to give me updates on the micromarket where my rental property is located.

[(former)FormerSanDiegan]

[quote=ryphoenix]Long time lurker here.

Thanks to this thread and the Mira Mesa thread, I started to semi-seriously look at these 2 areas after years of waiting. Don’t worry Scarlett I’m looking for slightly smaller and cheaper place than you. 🙂

Any recommendations on good agents on these 2 areas? I don’t think any of the pigg agents are experts of these two areas unfortunately, and neither is JTR. (But feel free to correct me!) Someone mentioned Rudy Theobald…and I’ve heard Gary Kent is good?? I’m a first time buyer… so help please![/quote]

I recommend Rudy Theobald, particularly for the Clairemont/Bay Park/Bay Ho areas. He is excellent at seeing through details in the transaction. I’ve sold 2 houses and bought 2 houses using him as an agent. Although my last transaction was about 5 years ago, he calls a couple times a year (including within the past 2 weeks) to give me updates on the micromarket where my rental property is located.

[(former)FormerSanDiegan]

[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]

Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉

[(former)FormerSanDiegan]

[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]

Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉

[(former)FormerSanDiegan]

[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]

Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉

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