[surveyor]

Didn’t we already cover this?

I think we discussed this in a thread awhile back. The gist of the thread, regarding partnerships in real estate was:

“Run away. Run away NOW.”

[surveyor]

Didn’t we already cover this?

I think we discussed this in a thread awhile back. The gist of the thread, regarding partnerships in real estate was:

“Run away. Run away NOW.”

[surveyor]

Didn’t we already cover this?

I think we discussed this in a thread awhile back. The gist of the thread, regarding partnerships in real estate was:

“Run away. Run away NOW.”

[surveyor]

easements

You’ll need to read the easement to see how it’s described and talk to the City how they want to deal with it. It depends on the City. Some cities (San Diego for instance) will not want to vacate it unless you locate where the line is or relocate it somewhere. If there is no evidence of a pipeline or where the easement is located, you can ask for a vacation, but it is a bit of a process and can take a few months.

Most of my easement vacation work deals with Riverside, so I don’t know how ornery Escondido is. They seem to have an ok reputation (not as bad as Carlsbad and San Diego).

For easements this old, they probably will be willing to vacate it, assuming there’s no visible evidence of where it is.

If you really care about the property, I would research it first. Email me at [email protected] and send me the scan of the easement and where the property is. I can at least give you some help.

To really locate it, though, you will probably need a professional land surveyor. Also, most title insurance would list this as an exception and won’t cover any losses due to it.

Honestly, unless you’re in love with the property, it may be too much trouble to deal with…

[surveyor]

easements

You’ll need to read the easement to see how it’s described and talk to the City how they want to deal with it. It depends on the City. Some cities (San Diego for instance) will not want to vacate it unless you locate where the line is or relocate it somewhere. If there is no evidence of a pipeline or where the easement is located, you can ask for a vacation, but it is a bit of a process and can take a few months.

Most of my easement vacation work deals with Riverside, so I don’t know how ornery Escondido is. They seem to have an ok reputation (not as bad as Carlsbad and San Diego).

For easements this old, they probably will be willing to vacate it, assuming there’s no visible evidence of where it is.

If you really care about the property, I would research it first. Email me at [email protected] and send me the scan of the easement and where the property is. I can at least give you some help.

To really locate it, though, you will probably need a professional land surveyor. Also, most title insurance would list this as an exception and won’t cover any losses due to it.

Honestly, unless you’re in love with the property, it may be too much trouble to deal with…

[surveyor]

easements

You’ll need to read the easement to see how it’s described and talk to the City how they want to deal with it. It depends on the City. Some cities (San Diego for instance) will not want to vacate it unless you locate where the line is or relocate it somewhere. If there is no evidence of a pipeline or where the easement is located, you can ask for a vacation, but it is a bit of a process and can take a few months.

Most of my easement vacation work deals with Riverside, so I don’t know how ornery Escondido is. They seem to have an ok reputation (not as bad as Carlsbad and San Diego).

For easements this old, they probably will be willing to vacate it, assuming there’s no visible evidence of where it is.

If you really care about the property, I would research it first. Email me at [email protected] and send me the scan of the easement and where the property is. I can at least give you some help.

To really locate it, though, you will probably need a professional land surveyor. Also, most title insurance would list this as an exception and won’t cover any losses due to it.

Honestly, unless you’re in love with the property, it may be too much trouble to deal with…

[surveyor]

easements

You’ll need to read the easement to see how it’s described and talk to the City how they want to deal with it. It depends on the City. Some cities (San Diego for instance) will not want to vacate it unless you locate where the line is or relocate it somewhere. If there is no evidence of a pipeline or where the easement is located, you can ask for a vacation, but it is a bit of a process and can take a few months.

Most of my easement vacation work deals with Riverside, so I don’t know how ornery Escondido is. They seem to have an ok reputation (not as bad as Carlsbad and San Diego).

For easements this old, they probably will be willing to vacate it, assuming there’s no visible evidence of where it is.

If you really care about the property, I would research it first. Email me at [email protected] and send me the scan of the easement and where the property is. I can at least give you some help.

To really locate it, though, you will probably need a professional land surveyor. Also, most title insurance would list this as an exception and won’t cover any losses due to it.

Honestly, unless you’re in love with the property, it may be too much trouble to deal with…

[surveyor]

easements

You’ll need to read the easement to see how it’s described and talk to the City how they want to deal with it. It depends on the City. Some cities (San Diego for instance) will not want to vacate it unless you locate where the line is or relocate it somewhere. If there is no evidence of a pipeline or where the easement is located, you can ask for a vacation, but it is a bit of a process and can take a few months.

Most of my easement vacation work deals with Riverside, so I don’t know how ornery Escondido is. They seem to have an ok reputation (not as bad as Carlsbad and San Diego).

For easements this old, they probably will be willing to vacate it, assuming there’s no visible evidence of where it is.

If you really care about the property, I would research it first. Email me at [email protected] and send me the scan of the easement and where the property is. I can at least give you some help.

To really locate it, though, you will probably need a professional land surveyor. Also, most title insurance would list this as an exception and won’t cover any losses due to it.

Honestly, unless you’re in love with the property, it may be too much trouble to deal with…

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

don’t

I don’t recommend it – too many hassles (and this is coming from someone who can handle hassles). You will need to basically write up a partnership agreement to make sure that everyone does their fair share, when you can buy each other out, etc. What if the other person loses their job, and then can’t make up their mortgage payment, you will have to pick up the slack, etc. Too many what if’s when you are by yourself and it gets worse when you involve other people, particularly friends and family (a good way to ruin relationships is to involve friends and family in money).

As for qualifying for it, it’s not too difficult if the property is less than 5 units. That will make it residential and the LTV ratios, income requirements, and other documentation are not that severe.

Honestly, I would recommend just trying to qualify for the property on your own and see where that gets you. Do the math, see what you can afford, etc.

Oh, and by the way, if you are thinking of buying anywhere in California, I doubt there are any four plexes or less that will work as good income properties right now (I’ve been seeing four plexes for around $650k and more. It needs to get around $500k before it starts working).

[surveyor]

don’t

I don’t recommend it – too many hassles (and this is coming from someone who can handle hassles). You will need to basically write up a partnership agreement to make sure that everyone does their fair share, when you can buy each other out, etc. What if the other person loses their job, and then can’t make up their mortgage payment, you will have to pick up the slack, etc. Too many what if’s when you are by yourself and it gets worse when you involve other people, particularly friends and family (a good way to ruin relationships is to involve friends and family in money).

As for qualifying for it, it’s not too difficult if the property is less than 5 units. That will make it residential and the LTV ratios, income requirements, and other documentation are not that severe.

Honestly, I would recommend just trying to qualify for the property on your own and see where that gets you. Do the math, see what you can afford, etc.

Oh, and by the way, if you are thinking of buying anywhere in California, I doubt there are any four plexes or less that will work as good income properties right now (I’ve been seeing four plexes for around $650k and more. It needs to get around $500k before it starts working).

[Author]

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