Considering rental and home prices have been consistently going up in Orange County, it might be difficult to save up to buy a house in a few years--and by then, homes may not be as affordable as they are today. There's really no predicting what's going to happen a few years from now, so the answer largely depends on your current financial situation and what your priorities are.
Security deposits will generally be cheaper on properties that are smaller and cheaper. It all depends on what the owner thinks is fair.
In terms of the cheapest route to home ownership, there are loan products available with minimal down payment costs to buyers. In some cases, you can pay as low as .5% down towards the purchase of a home--if you qualify. Of course, this means you will be paying a higher monthly payment on your mortgage, in addition to private mortgage insurance. That's just one solution, but ultimately it depends on your financial situation and what you're most comfortable with.
If you have any questions on homes or rentals in Cypress and Orange County, please get in touch with me at (714) 584-7154, or e-mail at firstname.lastname@example.org. I'm always happy to help.... more
I've included a link directly to my website's search results for available rentals in Cypress with a minimum of 3 bedrooms. All of the listings here are direct from the MLS, submitted by licensed real estate professions. You can rest assured these are legitimate rental listings (in regards to your other question, if you come across a rental on another website that seems too good to be true, it probably is)
Please get in touch if you would like more information on any of these properties, or any information on the area in general. You can reach me at (714)584-7154 or email@example.com... more
I don't know whether it's a scam or not, most of the really blatant scams start off with "hi my wife and i are missionaries to some foreign country and we need someone to rent our home that will care for it as it were their own...." However, I will say this, I would find it highly suspicious that a landlord would not require credit checks or a reasonable security deposit. And, if it sounds too good to be true, it probably IS. Having said that, I wonder if this ad isn't trying to attract people who want to 'rent to own'. Depending on the terms, that may not be a terrible option. I would, however, proceed with extreme caution going so far as to have an attorney review any paperwork required.... more
Keep in mind that you're paying rent to someone who isn't paying their mortgage. Just taking your money and sticking it in their pockets. You would also want to make sure that the person who you are paying rent to is actually the owner not some scam artist who found a vacant house to rent out.
Good idea? Certainly not a good long term plan.... more