[sdsurfer]

[quote=outtamojo]Do 1 bedroom units have less turnover then multi bedroom units? Seems like they would need less repair type maintainance also as they are too small to have a party in/ house small children.[/quote]
I would think absolutely, but others on the board might have more direct experience.

My thought process is that roommates have disagreements, relationships do end sometimes, etc.

I’ve heard plenty of solid investors mention that if they find a 2 bedroom at a good price they turn 1 bed into an office to attract a person living alone.

[sdsurfer]

Yes…the listing agent is obligated to disclose anything they know about the property, but what makes you think they were aware of it when the home inspector did not catch it?

Completely my opinion, but I would be thankful that your home did not flood like your neighbors did and that whoever did it took steps to remedy the situation.

Let me get this straight…you signed documents stating you were all right with the property “as is”, but now your upset with how the property “is”?

If it were me…it would not be worth it, but I am a very lawyer averse person. It might be worth mentioning that you could have had another agent represent you in the transaction if you did not trust the listing agent, but you chose to go with the listing agent and that is why they received the buyers side of the commission.

[sdsurfer]

I went to an investment club meeting this year and a guy named Rick Harmon seemed like he focused on probate pretty much exclusively. He mentioned that he gets some killer deals, but he also seemed to be very well connected to get them.

He did mention that most people have an aversion to probate becasue they simply do not understand it and while some deals might take longer other are similar to a regular escrow.

I would think that 99% of people avoid the areas they are unfamiliar with, but the people that do the research, embrace it and get familiar are not going to have as much competition for their deals.

Good luck!

[sdsurfer]

Back to the original post. Can’t someone go through clubs like The Norris Group and make an 8-9% return on their money with pretty much minimal risk?

Of course there is always risk or there would be no reward, but I think they have a really good track record going back quite a ways.

I was thinking that might be quite a bit better than the 5.5% mentioned and might help to take care of a lot of the additional costs everyone has mentioned.

I know I’d rather have my money or at least some of it in something with a proven track record. Maybe I’m just not a stock guy.

Anyone have any insight to share? Thanks!

[sdsurfer]

[quote=earlyretirement][quote=sdsurfer]
North County is pretty much the best place in the world as far as I’m concerned. One of my old neighbors confirmed it the other day. He said that he has homes around the world(including one in Bali) for work in the oil industry because he travels a lot. He said that if he could retire and sell all the places the one he’d keep in the one on Neptune. He said he’d just go for a walk down neptune everday with his dog and wife and that would be all he needs.

I know lots of people like him.[/quote]

sdsurfer,

I’d have to absolutely 100% agree with you. SD North Country to me is one of the best places in the world when you look at all the quality of life factors in play.

I’ve been all over the world (550+ cities and counting) and I also own a few homes and properties in other countries and while some have certain factors that are great… none can match the overall quality of life, safety, year-round weather, and convenience of San Diego.

When we were deciding to settle down with our kids to raise them, we could have moved to any city in the world and San Diego was a no brainer. This is one of the best places on Earth to live.[/quote]
Glad I’m not the only one that feels so fortunate to have found this amazing place to live. My same friend mentioned the safety aspect as well.

Cheers!!

[sdsurfer]

I would say the further you go north of La Jolla the more people will fit the profile your looking for.

I live in the Avocado Acres area of Encinitas I think a lot of my neighbors fit the bill. I think the older communities more so than newer ones, but a lot of that probably depends on the wifey’s aversion or acceptance of an older home/community. I met my neighbors 2 doors down Bill and Dottie the other day and I guess they bought their home in 1960 for 13k. They have a car, but I dont think they use it much. I met them because they typically go for walks around the block everyday. I think they used to golf a lot because they both have walking sticks make from a stick they found and a couple nails and a golf ball on the top.

Does that sound materialistic? I’m pretty sure they have some equity in the home for the wealth part.

North County is pretty much the best place in the world as far as I’m concerned. One of my old neighbors confirmed it the other day. He said that he has homes around the world(including one in Bali) for work in the oil industry because he travels a lot. He said that if he could retire and sell all the places the one he’d keep in the one on Neptune. He said he’d just go for a walk down neptune everday with his dog and wife and that would be all he needs.

I know lots of people like him.

[sdsurfer]

Why not try to get into a new job that you actually like? I think most of us get a job we somewhat like, but mostly we just like the money. I think there are so many jobs I would really love, but almost all of those jobs tend to be the low paying ones. Since it seems like your have a head start with the savings to provide you with some income, why not pursue something that would seem less like work and more like “what you do for a living”.

I honestly do not want to ever retire and just sit there like a bump on a log. That would be boring. I just want to take days like today off to go to the beach and go to work on the cloudy days or when there are’nt any waves.

I recall my Grandma being retired after running a successful company…and she missed the people and the “place to hang her hat” as she called it. She said she did’nt miss the long hours that were necessary at the time, but wished she could still work a few hours a week/day. I remember it being empowering in a way because I spend so much time longing to retire and here was a loved one that had accomplished my goal…and did’nt want it now that she had it. It really made me realize that I need to appreciate every moment and consider that there is a bit of “grass is always greener” mentality that is a lie sometimes.

[sdsurfer]

Why not try to get into a new job that you actually like? I think most of us get a job we somewhat like, but mostly we just like the money. I think there are so many jobs I would really love, but almost all of those jobs tend to be the low paying ones. Since it seems like your have a head start with the savings to provide you with some income, why not pursue something that would seem less like work and more like “what you do for a living”.

I honestly do not want to ever retire and just sit there like a bump on a log. That would be boring. I just want to take days like today off to go to the beach and go to work on the cloudy days or when there are’nt any waves.

I recall my Grandma being retired after running a successful company…and she missed the people and the “place to hang her hat” as she called it. She said she did’nt miss the long hours that were necessary at the time, but wished she could still work a few hours a week/day. I remember it being empowering in a way because I spend so much time longing to retire and here was a loved one that had accomplished my goal…and did’nt want it now that she had it. It really made me realize that I need to appreciate every moment and consider that there is a bit of “grass is always greener” mentality that is a lie sometimes.

[sdsurfer]

Why not try to get into a new job that you actually like? I think most of us get a job we somewhat like, but mostly we just like the money. I think there are so many jobs I would really love, but almost all of those jobs tend to be the low paying ones. Since it seems like your have a head start with the savings to provide you with some income, why not pursue something that would seem less like work and more like “what you do for a living”.

I honestly do not want to ever retire and just sit there like a bump on a log. That would be boring. I just want to take days like today off to go to the beach and go to work on the cloudy days or when there are’nt any waves.

I recall my Grandma being retired after running a successful company…and she missed the people and the “place to hang her hat” as she called it. She said she did’nt miss the long hours that were necessary at the time, but wished she could still work a few hours a week/day. I remember it being empowering in a way because I spend so much time longing to retire and here was a loved one that had accomplished my goal…and did’nt want it now that she had it. It really made me realize that I need to appreciate every moment and consider that there is a bit of “grass is always greener” mentality that is a lie sometimes.

[sdsurfer]

Why not try to get into a new job that you actually like? I think most of us get a job we somewhat like, but mostly we just like the money. I think there are so many jobs I would really love, but almost all of those jobs tend to be the low paying ones. Since it seems like your have a head start with the savings to provide you with some income, why not pursue something that would seem less like work and more like “what you do for a living”.

I honestly do not want to ever retire and just sit there like a bump on a log. That would be boring. I just want to take days like today off to go to the beach and go to work on the cloudy days or when there are’nt any waves.

I recall my Grandma being retired after running a successful company…and she missed the people and the “place to hang her hat” as she called it. She said she did’nt miss the long hours that were necessary at the time, but wished she could still work a few hours a week/day. I remember it being empowering in a way because I spend so much time longing to retire and here was a loved one that had accomplished my goal…and did’nt want it now that she had it. It really made me realize that I need to appreciate every moment and consider that there is a bit of “grass is always greener” mentality that is a lie sometimes.

[sdsurfer]

Why not try to get into a new job that you actually like? I think most of us get a job we somewhat like, but mostly we just like the money. I think there are so many jobs I would really love, but almost all of those jobs tend to be the low paying ones. Since it seems like your have a head start with the savings to provide you with some income, why not pursue something that would seem less like work and more like “what you do for a living”.

I honestly do not want to ever retire and just sit there like a bump on a log. That would be boring. I just want to take days like today off to go to the beach and go to work on the cloudy days or when there are’nt any waves.

I recall my Grandma being retired after running a successful company…and she missed the people and the “place to hang her hat” as she called it. She said she did’nt miss the long hours that were necessary at the time, but wished she could still work a few hours a week/day. I remember it being empowering in a way because I spend so much time longing to retire and here was a loved one that had accomplished my goal…and did’nt want it now that she had it. It really made me realize that I need to appreciate every moment and consider that there is a bit of “grass is always greener” mentality that is a lie sometimes.

[sdsurfer]

It does depend on the lender, but I think a lot of them will just factor your time off as months that you brought in $0. They would take the total income over the past 2 years and divide by 24 to arrive at your monthly income. Essentially, it might lead to you qualifying for less home, but you could still qualify in a lot of cases if your finances are solid otherwise.

[sdsurfer]

It does depend on the lender, but I think a lot of them will just factor your time off as months that you brought in $0. They would take the total income over the past 2 years and divide by 24 to arrive at your monthly income. Essentially, it might lead to you qualifying for less home, but you could still qualify in a lot of cases if your finances are solid otherwise.

[sdsurfer]

It does depend on the lender, but I think a lot of them will just factor your time off as months that you brought in $0. They would take the total income over the past 2 years and divide by 24 to arrive at your monthly income. Essentially, it might lead to you qualifying for less home, but you could still qualify in a lot of cases if your finances are solid otherwise.

[sdsurfer]

It does depend on the lender, but I think a lot of them will just factor your time off as months that you brought in $0. They would take the total income over the past 2 years and divide by 24 to arrive at your monthly income. Essentially, it might lead to you qualifying for less home, but you could still qualify in a lot of cases if your finances are solid otherwise.

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