. We have a family cabin on 40 acres up there. We use it often for daytrips and overnights. sometimes we spend a week in our rustic cabin. Next door is an old west main street town set for the 1960's TV show "The Virginian" It is now called "Ghost Mountain Ranch" and caters to campers and RV's.
They have a parade down Pioneer Trail on the 4th of July. Theres a great small town feel.
If you need some exposure to the arts there are several galleries in Placerville, about 12 miles to the west.
My kids love "The Cabin' They are now 14 and 12. We've been going there since before they were born. My wife stayed at the "Cabin" often when she was their age.
Your kids might enjoy the occasional snow fall. Building snowmen, light tobaganning. throwing snow balls. You might rent a travel trailer and stay at one of the RV parks for a few days.
Summer is great for hikes and horseback riding. A really great thing about the high elevation is that it is above the poison oak line ! Yeah ! Bring pleny of mosquito repellent ! Apply liberally.
I'm a CPA, so I have the tax end well in hand :-)
When we bought our home here, we went from "hmm, maybe we should think about buying a house..." to an accepted offer in about two weeks. That was 1998, so in hindsight, it was a good thing we made a fast move.
With some time to go before the market upticks, and not really having the dough on hand yet to jump in, I'd like to arm myself with some good background knowledge before we get a pro on the case.
Great advice, keep it comin!
Keep us all updated on your search. It is what keeps us in the industry. Knowing that we were in some way a part of helping families find their perfect home ,or second home.
Glad you understand the tax implications. Those are a biggie! Is your friend providing you with a referral to a REALTOR she knows personally? That would be great for you. Get a REALTOR involved in this process as soon as you can, just be honest about your time frame. A good REALTOR will respect that, and keep you up to date with happenings and new listings in the area. He/she will have much more information at his/her fingertips than you could find after hours online! Again, best of luck and happy hunting!
Of course, the first step is to find a REALTOR with residential investment property experience. The advantages, disadvantages, tax implications, etc. are quite different than owning a primary residence. There are also many variables. Too many to post here... To find a REALTOR with residential investment experience (there is no official NAR designation for this), a referral from a friend or colleague is always the best bet. If you don't know anyone in the Sierras, contact a few of the most respected real estate brokers in the area where you are looking to buy. Ask to speak to the "broker of record". He/she should be able to provide the names of an agent or two with such experience. Interview at least 3 agents, then pick the one you like best!
Best of luck and happy hunting!
i too live just about 3 minutes form the Slypark lake area in Pollock Pines. as a recent transplant ( 2.3yrs) from Ventura County . snow is not really an issue. a two wheel drive with cables or allwheel drive SUV, will get you in and out no problems, on the worse day. since this will be your vaction home, i would look into a home newly bulit or rehabed, be mind full of the acreage as pine needles love to just pile up very quick, the home must have sealed rain gutters (my mistake) the weather is great about 5-8 degrees less than Camino, Placerville in the summer. if i could reffer an agent that knows pollock pines and will work hard to find your dream home call Tom Roslee @ ERA. He help me when i purchase and i was in simular situation as you. I had to travel 500 miles to view property. so it was importnat to have a list dialed to maximise the time. cheers
I have lived in the Camino, Pollack Pines area since 1995. We have raised our 3 kids here and know the area very well. Maybe you would like to spend a couple of hours with me and I could show you some homes and more importantly give you a feel for the various aspects of our community.
We've been through PP countless times en route to a favorite family campsite, so we know the climate... just to be on the safe side, though, we're heading up tomorrow to check things out. Don't know if PP has a local restaurant or not (pretty small and rustic on the south side where we're looking), but I'll keep my eyes out.