Homeowners or whoever the fucc knows

  • Wanna Join? New users you can now register lightning fast using your Facebook or Twitter accounts.
Contagious Locc

Contagious Locc

Sicc OG
#1
Apr 8, 2004
1,362
10
0
#1
im thinkin bout buyin a house and rentin it out.. where in cali do they have the most affordable homes, even vegas. i was thinkin bout gettin one in vegas. i heard the bay area is pretty good right for northern cal and bakersfield for southern cal. right now is a good time to buy cause of the war and shit. anybody who gots some useful info holla
 
Contagious Locc

Contagious Locc

Sicc OG
#5
Apr 8, 2004
1,362
10
0
#5
to tell you the truth im not really intrested in living out there i was just throwin that out there.. my first choice would be in vegas, they got brand new houses out there running for $260,000 to $290,000.. something like that would be about $1,400 give or take a month.. that ain't shit
 
T-Spoon

T-Spoon

Sicc OG
#6
Apr 26, 2002
3,896
638
113
#6
Contagious Locc said:
they got brand new houses out there running for $260,000 to $290,000.. something like that would be about $1,400 give or take a month.. that ain't shit
Click to expand...
i dont know homie, that dont sound right. who did those figures for ya? checc out this website: myfico.com and look to tha left and u'll c a mortgage chart showin payments. unless u hav a-1 credit, i dont c that happenin. fold.
 
Likwid

Likwid

Sicc OG
#8
Apr 16, 2003
14,731
1,365
113
google.com
#8
Shit I'm fixin to buy a home soon too. The top half of cali is expensive as hell. I live in Hollister, where the average home runs 700k-800k. I know I will never be able to buy a suitable home here, so I gotta look towards the valley or AZ, NV or Texas. Shit's outrageous up here.
 
P

PsyDaL

Sicc OG
#10
Apr 25, 2002
2,613
4
0
48
#10
If you plan on buying property in California don't matter where, make sure its your primary property plan on living in it for 2 years. When you do your yearly declarations (income tax) you have to put that you live in it for that much, otherwise if you put you have been renting it for the 2 yrs and decide on dumping it back on the market you will be paying a tax that you will not be happy with i believe its 25%. I have a client couple that were thinking of selling a property in the West Bay and since its a investment property the state will take a little over 125k. What i advised them was to file seperate the next 2 yrs have the wifey claim their primary and the husband to declare their investment property as his primary. By then the property will build more equity, then sell.
Take full advantage of your VA loan. Buy now!!!!! BTW I am a member of the BayEast Board of Realtors and the MLS out here in Sacramento. I cover pretty much all of northern California and as far south as Merced into the Valley. Make that investment, you will do good homie.....
 
AC Transit

AC Transit

Sicc OG
#11
May 15, 2002
5,879
8
0
51
#11
Welll Vegas is wayyyyyyyyyyyyyy cheaper then california - you can defintely get more bang(sq footage mostly) for the buck but then again it is vegas.

heres a recent article i read on california real estate prices:

http://news.yahoo.com/s/latimests/20050613/ts_latimes/costofmovingupkeepsmanyfromsellinghomes

basically says that there won't be too much of a dip in prices cause there arent more sellers than buyers

more things will come to me as i think of it. I got my california brokers license but really havent used it yet but i try to follow the market.

VA Loans are the hook up - i need to look up the details but i know theres some advantages as well as negatives to them. But definitely an affordable way of financing.
 
Contagious Locc

Contagious Locc

Sicc OG
#12
Apr 8, 2004
1,362
10
0
#12
@psydal--where in northern cali is the best place to buy a house right now??? you're on point though, about what you were talking bout. i plan to live in the spot for like 2 years and then renting it out. this is an investment and right now is the best time for me buy
 
Dana Dane

Dana Dane

RIP Vallejo Kid
#13
May 3, 2002
26,982
11,627
113
51
#13
The Central Valley and Sacaramento area are HOT markets right now. I have been closing HELLA loans in the Valley. A friend is buying a 2000 sq. ft house in Tracy or somewhere like that for $305,000. You can't touch shit for $305 in the bay. I just got an appraisal in on a DUMP in EPA that was $460k.
 
T-Spoon

T-Spoon

Sicc OG
#15
Apr 26, 2002
3,896
638
113
#15
damn! can somebody post a pic uv a typical $300k home out there in cali? out here (atl) u can damn near get a minnie mansion. fold.
 
Contagious Locc

Contagious Locc

Sicc OG
#20
Apr 8, 2004
1,362
10
0
#20
yeah, but what about value of the home, will it go up? the only way the value will go up is if you fixed it up. like fix the roof or something. i couldnt see the value of a 800k home just going up in time without putting any work on it
 
You must log in or register to reply here.
Top Bottom