Kyle O'Kelly

Hello Ryan and Shannon, great question! It all comes down to affordability and borrowing responsibly. I'm a resident of Dana Point and Capistrano Beach (same City's, just different areas) and I'd recommend you consider doing what I did when you buy your home (first or if your getting back into the market)...and that's to buy a 2, 3 or 4 unit property (multi-family). If you are not opposed to being a landlord you can enjoy having someone else help you pay down your mortgage. When buying a multi-family property you will be actually qualifying with a portion of the income from the other units; hence helping you buy more property. The Beach Cities area has several opportunities to b buy multi-family properties close to the beach that provide the feeling of a single family residence (SFR). I'd be happy to share a coffee with you both to let you know my experience with the 2 duplexes I own in Dana Point that have given me hope to people looking for affordability. Thanks again for the question; as this is a great one! - Fri Aug 21 2009, 22:47