Give me a call to talk more about what you are thinking about and I can help you with the numbers to see if this is something that makes sense for you and your family!
ePRO Realtor with Bailey Properties
UCSC Women's Club BOD member
Coordinator for the Santa Cruz Chocolate Festival
Santa Cruz is a bike friendly town, but the hill can be daunting for some.
Talk to your accountant about depreciation and tax advantage of owning. This is an individual issue so it is best handled by some one who has all the facts.
Peg Popken Agent Scotts Valley
Here is the link:http://matrix.mlslistings.com/DE.asp?ID=808848111
If the down payment is too high it's possible one of your kids could qualify to be the occupant borrower and you'd be a co-applicant on an FHA loan. Those only require 3.5% down. We've helped clients in this exact scenario in the past when they didn't have the 20% down.
We miss Santa Cruz. Our favorite RV spot is at Seacliff and we spent a full week their last summer. Beautiful!
If you have any other specific lending questions feel free to post back or contact us via our profile.
Carol VanAusdal, Realtor, 831-261-6750
Please feel free to call me with any Santa Cruz questions and/or set up a search on my website and also call your tax accountant. I do recommend looking into it with a qualified agent. Give me a call that is what I do. I don't just sell the westside of Santa Cruz, I live there.
Michele Replogle, Realtor, 831-818-7372
On the westside (of Santa Cruz) on or near a bus line, rooms can rent between $500-800 per month. This can help offset a mortgage payment or generate income. The inventory is growing with the spring/summer market so there is plenty to look at right now.
If you need help "pencii"ing the numbers, I'd be happy to help you figure out what would be a good 10 year investment. Please call or email me!
Ann Berry-Kline, Realtor
I have a couple of families I am working with right now that are doing the same thing. With the decline in the home prices in Santa Cruz, it's a great time to do this. Depending on your price range, there are some well priced homes and condos available near UCSC. Also, buying near UCSC, the rents are pretty high so it's a good investment as well. Please feel free to search for properties on my website where you can receive current and new listing automatically. Please feel free to contact me by phone or email if there is anything else I can do for you. Would love to help you find what you are looking for.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors