[Mooki]

It is very helpful to me to see the second opinions here. Yes I have been helping my mom because she is my mom. Given that I will always help her, I want to find a way that will yield the best (or least negative) outcome for both me and her.

Her current mortgage is only about $600 a month. My car loan is $1000. With my car loan I already pre-qual for enough to buy a house I want in San Diego. When my car loan goes away and I take over her mortgage, I’m actually having a lower debt. So I assume I will still qualify for the same loan amount here. What am I missing? The GA house is far from under water.

[Mooki]

As to the why questions. My mom is no longer living in the house. So it needs to be either sold or rented out. This is a bad time to sell. House was on the market for 6 months and went through several price reductions and still no buyer. So our thought is to rent it out. Mom owes me $25K and she wants to deed-over portion of the interest/equity of the house to pay me back. If we rent out the house, it will be cash flow neutral after taking into account management, maintenance, and vacancy. If/when the market improves in 10 years we’ll try to sell the house again.

[Mooki]

As to the why questions. My mom is no longer living in the house. So it needs to be either sold or rented out. This is a bad time to sell. House was on the market for 6 months and went through several price reductions and still no buyer. So our thought is to rent it out. Mom owes me $25K and she wants to deed-over portion of the interest/equity of the house to pay me back. If we rent out the house, it will be cash flow neutral after taking into account management, maintenance, and vacancy. If/when the market improves in 10 years we’ll try to sell the house again.

[Mooki]

As to the why questions. My mom is no longer living in the house. So it needs to be either sold or rented out. This is a bad time to sell. House was on the market for 6 months and went through several price reductions and still no buyer. So our thought is to rent it out. Mom owes me $25K and she wants to deed-over portion of the interest/equity of the house to pay me back. If we rent out the house, it will be cash flow neutral after taking into account management, maintenance, and vacancy. If/when the market improves in 10 years we’ll try to sell the house again.

[Mooki]

As to the why questions. My mom is no longer living in the house. So it needs to be either sold or rented out. This is a bad time to sell. House was on the market for 6 months and went through several price reductions and still no buyer. So our thought is to rent it out. Mom owes me $25K and she wants to deed-over portion of the interest/equity of the house to pay me back. If we rent out the house, it will be cash flow neutral after taking into account management, maintenance, and vacancy. If/when the market improves in 10 years we’ll try to sell the house again.

[Mooki]

As to the why questions. My mom is no longer living in the house. So it needs to be either sold or rented out. This is a bad time to sell. House was on the market for 6 months and went through several price reductions and still no buyer. So our thought is to rent it out. Mom owes me $25K and she wants to deed-over portion of the interest/equity of the house to pay me back. If we rent out the house, it will be cash flow neutral after taking into account management, maintenance, and vacancy. If/when the market improves in 10 years we’ll try to sell the house again.

[Mooki]

I’ve looked at this community too. I notice that they are selling very slow and even showing price reduction now. I don’t know what is driving the slow sales and price reduction even after the tax was reduced to 1.21% but I’d hate to buy now and see the price going down at each new phase release. The new proposed High School near the Foothills community is a big attraction though, if the plan goes through.

[Mooki]

I’ve looked at this community too. I notice that they are selling very slow and even showing price reduction now. I don’t know what is driving the slow sales and price reduction even after the tax was reduced to 1.21% but I’d hate to buy now and see the price going down at each new phase release. The new proposed High School near the Foothills community is a big attraction though, if the plan goes through.

[Mooki]

I’ve looked at this community too. I notice that they are selling very slow and even showing price reduction now. I don’t know what is driving the slow sales and price reduction even after the tax was reduced to 1.21% but I’d hate to buy now and see the price going down at each new phase release. The new proposed High School near the Foothills community is a big attraction though, if the plan goes through.

[Mooki]

I’ve looked at this community too. I notice that they are selling very slow and even showing price reduction now. I don’t know what is driving the slow sales and price reduction even after the tax was reduced to 1.21% but I’d hate to buy now and see the price going down at each new phase release. The new proposed High School near the Foothills community is a big attraction though, if the plan goes through.

[Mooki]

I’ve looked at this community too. I notice that they are selling very slow and even showing price reduction now. I don’t know what is driving the slow sales and price reduction even after the tax was reduced to 1.21% but I’d hate to buy now and see the price going down at each new phase release. The new proposed High School near the Foothills community is a big attraction though, if the plan goes through.

[Mooki]

Townhome and condo price are near bubble pricing also in the walk-to-surf areas. People are renting them out rather than selling them low (I mean lower than bubble price). I’m not sure if price will decline at all given the limited supply. It may just stay the same for the next 10 years.

[Mooki]

Townhome and condo price are near bubble pricing also in the walk-to-surf areas. People are renting them out rather than selling them low (I mean lower than bubble price). I’m not sure if price will decline at all given the limited supply. It may just stay the same for the next 10 years.

[Mooki]

Townhome and condo price are near bubble pricing also in the walk-to-surf areas. People are renting them out rather than selling them low (I mean lower than bubble price). I’m not sure if price will decline at all given the limited supply. It may just stay the same for the next 10 years.

[Mooki]

Townhome and condo price are near bubble pricing also in the walk-to-surf areas. People are renting them out rather than selling them low (I mean lower than bubble price). I’m not sure if price will decline at all given the limited supply. It may just stay the same for the next 10 years.

[Author]

Posts