[Ren]

Some areas of Vista are nice, but I look at it this way – if you’re a delinquent living in a bad area, and you’ve got a choice of burglarizing your welfare recipient neighbor or the guy on the hill with the Benz, which would you pick? Seems like more of a target than an oasis. Also keep in mind what you have to drive through and look at every day, and where you have to shop (e.g., guards in the grocery stores).

That said, I lived in a questionable area of Vista for a year and never had any trouble. Maybe I was lucky. Shadowridge has managed to stay nice for 25 years.

Edit: not to mention a massively mismanaged local government. There are a lot of reasons San Marcos prices are higher, even though the location and weather aren’t as good as Vista.

[Ren]

Some areas of Vista are nice, but I look at it this way – if you’re a delinquent living in a bad area, and you’ve got a choice of burglarizing your welfare recipient neighbor or the guy on the hill with the Benz, which would you pick? Seems like more of a target than an oasis. Also keep in mind what you have to drive through and look at every day, and where you have to shop (e.g., guards in the grocery stores).

That said, I lived in a questionable area of Vista for a year and never had any trouble. Maybe I was lucky. Shadowridge has managed to stay nice for 25 years.

Edit: not to mention a massively mismanaged local government. There are a lot of reasons San Marcos prices are higher, even though the location and weather aren’t as good as Vista.

[Ren]

Some areas of Vista are nice, but I look at it this way – if you’re a delinquent living in a bad area, and you’ve got a choice of burglarizing your welfare recipient neighbor or the guy on the hill with the Benz, which would you pick? Seems like more of a target than an oasis. Also keep in mind what you have to drive through and look at every day, and where you have to shop (e.g., guards in the grocery stores).

That said, I lived in a questionable area of Vista for a year and never had any trouble. Maybe I was lucky. Shadowridge has managed to stay nice for 25 years.

Edit: not to mention a massively mismanaged local government. There are a lot of reasons San Marcos prices are higher, even though the location and weather aren’t as good as Vista.

[Ren]

Some areas of Vista are nice, but I look at it this way – if you’re a delinquent living in a bad area, and you’ve got a choice of burglarizing your welfare recipient neighbor or the guy on the hill with the Benz, which would you pick? Seems like more of a target than an oasis. Also keep in mind what you have to drive through and look at every day, and where you have to shop (e.g., guards in the grocery stores).

That said, I lived in a questionable area of Vista for a year and never had any trouble. Maybe I was lucky. Shadowridge has managed to stay nice for 25 years.

Edit: not to mention a massively mismanaged local government. There are a lot of reasons San Marcos prices are higher, even though the location and weather aren’t as good as Vista.

[Ren]

Some areas of Vista are nice, but I look at it this way – if you’re a delinquent living in a bad area, and you’ve got a choice of burglarizing your welfare recipient neighbor or the guy on the hill with the Benz, which would you pick? Seems like more of a target than an oasis. Also keep in mind what you have to drive through and look at every day, and where you have to shop (e.g., guards in the grocery stores).

That said, I lived in a questionable area of Vista for a year and never had any trouble. Maybe I was lucky. Shadowridge has managed to stay nice for 25 years.

Edit: not to mention a massively mismanaged local government. There are a lot of reasons San Marcos prices are higher, even though the location and weather aren’t as good as Vista.

[Ren]

Great cover.

[Ren]

Great cover.

[Ren]

Great cover.

[Ren]

Great cover.

[Ren]

Great cover.

[Ren]

[quote=Werewolf]
Also how does getting an investment property 1st affect my mortgage candidacy later (like a 1/2 yrs from now) for a home that I would actually like to live in?
[/quote]

Ideally it won’t affect you much, and could even help you, if you had REALLY good positive cash flow. The lender will count a portion of the rent as income (maybe 75%). You want as much of the first property’s payment covered by that as possible, because anything else is just added to your list of liabilities and hurts you when qualifying for the second property.

That assumes you’re going to rent out the first property from the start. If you’re going to live in it, that’s way more difficult to pull off. You’d have to qualify for both payments in order to get the second property – potential rental income doesn’t count.

[Ren]

[quote=Werewolf]
Also how does getting an investment property 1st affect my mortgage candidacy later (like a 1/2 yrs from now) for a home that I would actually like to live in?
[/quote]

Ideally it won’t affect you much, and could even help you, if you had REALLY good positive cash flow. The lender will count a portion of the rent as income (maybe 75%). You want as much of the first property’s payment covered by that as possible, because anything else is just added to your list of liabilities and hurts you when qualifying for the second property.

That assumes you’re going to rent out the first property from the start. If you’re going to live in it, that’s way more difficult to pull off. You’d have to qualify for both payments in order to get the second property – potential rental income doesn’t count.

[Ren]

[quote=Werewolf]
Also how does getting an investment property 1st affect my mortgage candidacy later (like a 1/2 yrs from now) for a home that I would actually like to live in?
[/quote]

Ideally it won’t affect you much, and could even help you, if you had REALLY good positive cash flow. The lender will count a portion of the rent as income (maybe 75%). You want as much of the first property’s payment covered by that as possible, because anything else is just added to your list of liabilities and hurts you when qualifying for the second property.

That assumes you’re going to rent out the first property from the start. If you’re going to live in it, that’s way more difficult to pull off. You’d have to qualify for both payments in order to get the second property – potential rental income doesn’t count.

[Ren]

[quote=Werewolf]
Also how does getting an investment property 1st affect my mortgage candidacy later (like a 1/2 yrs from now) for a home that I would actually like to live in?
[/quote]

Ideally it won’t affect you much, and could even help you, if you had REALLY good positive cash flow. The lender will count a portion of the rent as income (maybe 75%). You want as much of the first property’s payment covered by that as possible, because anything else is just added to your list of liabilities and hurts you when qualifying for the second property.

That assumes you’re going to rent out the first property from the start. If you’re going to live in it, that’s way more difficult to pull off. You’d have to qualify for both payments in order to get the second property – potential rental income doesn’t count.

[Ren]

[quote=Werewolf]
Also how does getting an investment property 1st affect my mortgage candidacy later (like a 1/2 yrs from now) for a home that I would actually like to live in?
[/quote]

Ideally it won’t affect you much, and could even help you, if you had REALLY good positive cash flow. The lender will count a portion of the rent as income (maybe 75%). You want as much of the first property’s payment covered by that as possible, because anything else is just added to your list of liabilities and hurts you when qualifying for the second property.

That assumes you’re going to rent out the first property from the start. If you’re going to live in it, that’s way more difficult to pull off. You’d have to qualify for both payments in order to get the second property – potential rental income doesn’t count.

[Author]

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