It is a great time NOW to buy real estate in southern California. As a real estate profesional and investor, I would strongly suggest to borrow whatever amount you can since mortgage rates are still reasonably low.
For the past 5 weeks, rates have been going up and dangerously approaching 5%.
Now is a great time and I would be more than happy to help you in finding the perfect deal.
As an Licensed Real Estate Salesperson, but with the mindset of a true investor, getting the best deal for my clients is my number one priority.
Moreover, I could also set you up with a great mortgage company that I have personally used over the years to get you the best financing possible.
PM me to schedule an appointment
Licensed Real Estate salesperson
DRE # 01930612
Allied Green Realty
I can completely sympathize with not wanting to pay someone else's mortgage every month. It really is going to be about the numbers for you. My suggestion is to speak with a lender to see what you qualify for based on your income, assets, etc. I can recommend a great one that is in the UTC area. Once you figure that out, we can find a home or condo that meets what you need. It is better to collect rent than pay rent! Feel free to contact me ASAP and we can start right away.
Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
It's all about the numbers! Besides being a Realtor, I'm an investor who owns two rentals in UTC (among others), and your approach to purchasing a duplex (not many in UTC) is a great way to get into the real estate game. You're able to purchase as owner-occupied and get low rates to qualify, and you can put less than 20% down.
I think UTC is a great place to invest, as you know, the rental demand is strong and the rates are high. Since you need a place for a few years, that's the perfect recipe to acquire your first investment property. If you would like to discuss this further and in greater detail, I'd be happy to help you evaluate your options and really see if it makes financial sense to make a move.
Royce Kemp, Realtor with Premiere Properties
Sounds like you are a thinking a step ahead :)
It is a great time to invest in a condo or town home. Since you are in UTC, it is a perfect match. I would steer away from the single family residences at this time, due to the maintenance and time required to maintain such a dwelling. I have helped other students @ UCSD and residents @ the V.A. hospital complete an investment in your area. They are happy with their investments and I can share with you other tips on how to make your's a profitable and enjoyable venture as well. Look forward to hearing from you,
Steve Seper, Broker/Owner
-Balboa Park Realty-
BRE Lic# 01730524
You are on the right track in your way of thinking, the next thing is to make a strategic plan of how this purchase is going to happen, as a former lender, I know the key to the transaction is the Financing, on our first meeting we will discuss: 1. down payment 2. Income 3. Possible co-signors or alternative financing
Happy 4th of July
Hector R. Gastelum
Realty Executives Dillon
If you go to my site at http://www.sandiego4property.com you can do mls direct searches anytime day or night.
Feel free to give me a call tomorrow and we can discuss as well.
Good night and happy 4th!
619 519 3287