[Ren]

We have two different types of properties to find. We will definitely be buying a rental or two in Temecula, but we may also be getting something for ourselves for 3-4 years until it becomes practical to buy in Carlsbad, where we want to end up.

For a rental the most important consideration is age (for low maintenance), then neighborhood (for higher rent). I wouldn’t look at anything built before 2000. 4-bdrm, no view, small lot, no pool, 1800-2400 sq ft.

For the residence (and eventual rental), the neighborhood is most important, followed by view and then age. Ideally it would be on a golf course, 2200-3000 sq ft, 3-car garage.

I don’t think you’ll need to choose between the dream and the deal. Wait 4-6 months, and I’m guessing you’ll be able to get the dream for $250-280k. The “deal” you linked to is still overpriced, in my opinion.

[Ren]

We have two different types of properties to find. We will definitely be buying a rental or two in Temecula, but we may also be getting something for ourselves for 3-4 years until it becomes practical to buy in Carlsbad, where we want to end up.

For a rental the most important consideration is age (for low maintenance), then neighborhood (for higher rent). I wouldn’t look at anything built before 2000. 4-bdrm, no view, small lot, no pool, 1800-2400 sq ft.

For the residence (and eventual rental), the neighborhood is most important, followed by view and then age. Ideally it would be on a golf course, 2200-3000 sq ft, 3-car garage.

I don’t think you’ll need to choose between the dream and the deal. Wait 4-6 months, and I’m guessing you’ll be able to get the dream for $250-280k. The “deal” you linked to is still overpriced, in my opinion.

[Ren]

We have two different types of properties to find. We will definitely be buying a rental or two in Temecula, but we may also be getting something for ourselves for 3-4 years until it becomes practical to buy in Carlsbad, where we want to end up.

For a rental the most important consideration is age (for low maintenance), then neighborhood (for higher rent). I wouldn’t look at anything built before 2000. 4-bdrm, no view, small lot, no pool, 1800-2400 sq ft.

For the residence (and eventual rental), the neighborhood is most important, followed by view and then age. Ideally it would be on a golf course, 2200-3000 sq ft, 3-car garage.

I don’t think you’ll need to choose between the dream and the deal. Wait 4-6 months, and I’m guessing you’ll be able to get the dream for $250-280k. The “deal” you linked to is still overpriced, in my opinion.

[Ren]

We have two different types of properties to find. We will definitely be buying a rental or two in Temecula, but we may also be getting something for ourselves for 3-4 years until it becomes practical to buy in Carlsbad, where we want to end up.

For a rental the most important consideration is age (for low maintenance), then neighborhood (for higher rent). I wouldn’t look at anything built before 2000. 4-bdrm, no view, small lot, no pool, 1800-2400 sq ft.

For the residence (and eventual rental), the neighborhood is most important, followed by view and then age. Ideally it would be on a golf course, 2200-3000 sq ft, 3-car garage.

I don’t think you’ll need to choose between the dream and the deal. Wait 4-6 months, and I’m guessing you’ll be able to get the dream for $250-280k. The “deal” you linked to is still overpriced, in my opinion.

[Ren]

We have two different types of properties to find. We will definitely be buying a rental or two in Temecula, but we may also be getting something for ourselves for 3-4 years until it becomes practical to buy in Carlsbad, where we want to end up.

For a rental the most important consideration is age (for low maintenance), then neighborhood (for higher rent). I wouldn’t look at anything built before 2000. 4-bdrm, no view, small lot, no pool, 1800-2400 sq ft.

For the residence (and eventual rental), the neighborhood is most important, followed by view and then age. Ideally it would be on a golf course, 2200-3000 sq ft, 3-car garage.

I don’t think you’ll need to choose between the dream and the deal. Wait 4-6 months, and I’m guessing you’ll be able to get the dream for $250-280k. The “deal” you linked to is still overpriced, in my opinion.

[Ren]

Fabulous weather and proximity to ocean, mountains, and desert. That’s pretty much it. The only other place I would consider growing roots in is Greece. A positive cash flow vacation rental on St. John or Kauai is on the list too.

If we move to Temecula, it will be temporary. Of course it is still close enough that the beach becomes the same type of getaway that a mountain camping trip is now – less than an hour drive. I live a couple minutes from the beach now and hardly ever go, not because I don’t want to, but because I don’t have time. Once I’m retired or have much more time to enjoy it, then being at the coast is a requirement.

[Ren]

Fabulous weather and proximity to ocean, mountains, and desert. That’s pretty much it. The only other place I would consider growing roots in is Greece. A positive cash flow vacation rental on St. John or Kauai is on the list too.

If we move to Temecula, it will be temporary. Of course it is still close enough that the beach becomes the same type of getaway that a mountain camping trip is now – less than an hour drive. I live a couple minutes from the beach now and hardly ever go, not because I don’t want to, but because I don’t have time. Once I’m retired or have much more time to enjoy it, then being at the coast is a requirement.

[Ren]

Fabulous weather and proximity to ocean, mountains, and desert. That’s pretty much it. The only other place I would consider growing roots in is Greece. A positive cash flow vacation rental on St. John or Kauai is on the list too.

If we move to Temecula, it will be temporary. Of course it is still close enough that the beach becomes the same type of getaway that a mountain camping trip is now – less than an hour drive. I live a couple minutes from the beach now and hardly ever go, not because I don’t want to, but because I don’t have time. Once I’m retired or have much more time to enjoy it, then being at the coast is a requirement.

[Ren]

Fabulous weather and proximity to ocean, mountains, and desert. That’s pretty much it. The only other place I would consider growing roots in is Greece. A positive cash flow vacation rental on St. John or Kauai is on the list too.

If we move to Temecula, it will be temporary. Of course it is still close enough that the beach becomes the same type of getaway that a mountain camping trip is now – less than an hour drive. I live a couple minutes from the beach now and hardly ever go, not because I don’t want to, but because I don’t have time. Once I’m retired or have much more time to enjoy it, then being at the coast is a requirement.

[Ren]

Fabulous weather and proximity to ocean, mountains, and desert. That’s pretty much it. The only other place I would consider growing roots in is Greece. A positive cash flow vacation rental on St. John or Kauai is on the list too.

If we move to Temecula, it will be temporary. Of course it is still close enough that the beach becomes the same type of getaway that a mountain camping trip is now – less than an hour drive. I live a couple minutes from the beach now and hardly ever go, not because I don’t want to, but because I don’t have time. Once I’m retired or have much more time to enjoy it, then being at the coast is a requirement.

[Ren]

[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]

This is my plan too, but someone correct me if I’m wrong:

1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).

2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?

[Ren]

[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]

This is my plan too, but someone correct me if I’m wrong:

1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).

2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?

[Ren]

[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]

This is my plan too, but someone correct me if I’m wrong:

1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).

2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?

[Ren]

[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]

This is my plan too, but someone correct me if I’m wrong:

1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).

2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?

[Ren]

[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]

This is my plan too, but someone correct me if I’m wrong:

1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).

2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?

[Author]

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