Heidi, Properties on the west side of 5 definately hold their value, but you would also need to consider whether you could make a rental "Pencil out" if you invested the amount needed west of 5. Your payments could be considerably more than you would recover in rent.

There is a lot to consider- so it would be worth you while to speak with a professional to help you figure out what solutions might be the best for you in your situation.

If I may be of help in any way, please let me know.

Sincerely,
Patti Phillips
North County Resident for over 30 years
Realtor
800-680-9133

Heidi this decision would best be made by consulting with a REALTOR, a Tax Advisor, a Loan Consultant/Mortgage Broker. You need to start your "homework". You first need to determine what you are qualified for in this current lending market. Once that is decided, contact a REALTOR to get more information on properties in your desired areas. There are many considerations like Nick mentioned. (For instance, do you have kids? If so, what school district do you desire? What size home?)

Enjoy the Journey!

Kind Regards,

Marcie Sands, REALTOR
Simply The Best Real Estate Company, Inc.
760-644-1562

Hello Heidi,

To properly answer your question requires more information. I work with lots of investors in similar situations such as yourselves. Please contact me if you would like some expert assistance.

Cheers,

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619-886-2004
nick@bomborainvestments.com

Hi Heidi,

Yes, the properties West of Interstate 5 retain their value and appreciate at a higher rate normally than other properties. If you are able to find something in your price range that you like and will like in the future, it would be beneficial for you to purchase. You didn't mention your time frame for purchasing or if you are a first time home buyer. The interest rates are low at this time and if a first time homebuyer, there is the $8000 tax credit until November 2009.

Dee Marie Fisher
619 742-0046