A good website to check out is www.city-data.com
Here you will find more information than you will know what to do with. From average house values, average incomes, crime statistics. Hope this helps, enjoy your Memorial Day weekend.... more
I hate to answer a question with a question BUT have you determined that your children have special interests or needs? If so this may steer to toward a district /community which offers extras in that field. The communities you listed are all suburbs in the south side of the metro area. They are competitve and progressive. They have spent money on schools, medical facilities, government facilities and infrastructure. The best way to get a feel for the community is to visit them with a local (a real estate agent would be a good start). You could "google" the schools and cities to get demographic information, such as age, income, crime stats etc. Good luck. Contact me if you want to discuss this further.... more
I think you should. I know many different real estate agents that have taken the same path with investment properties in Florida. The only consequence they have seen is bad credit. So what you would need to do is put the houses in only one of your names, so when you default it will only ruin one of your credit, then you can file for bankruptcy (hopefully) and wait 7 years. During those 7 years you will have to rely on the others credit. But by the end of the 7 years, if your investments are good, you should have made quite a bit of money by then and your reserves will be so high no one will care about the bankruptcy 7 years ago.
Not sure how the bankruptcy laws work when/if you are married, so you might have to get a "divorce" first to make things work.... more
If the only problem you see is that the home is one of the nicer ones on the block, then you shouldn't worry too much about it. If you love the home and it has everything you want and need, then snatch it up and be happy. Your goal should be to live in the home, long term, and if you do, being the nicest house will not be a bad thing. We just built this year the second most expensive home on my block, and I have to tell you I have no regrets doing so. I love my house and am extrememly happy, so it doesn't really bother me that we paid more than others.
Like said before, your best bet is looking to a Realtor for a market analysis of the neighborhood. Good Luck!... more