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Rent vs Buy in San Diego : Real Estate Advice

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  • Local Info150
  • Home Buying959
  • Home Selling104
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Activity 7
Fri Dec 30, 2016
Gorsin answered:
My brother just sold a house that he rented (never lived in it). He has been in jail and thus no income during the time he rented the house.

What is the capital gains tax rate. I have read that with zero income there may be zero capital gains.

I use turbo tax but cannot find the answer.
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0 votes 15 answers Share Flag
Wed Feb 5, 2014
Kari Shea answered:
Hi Randy,

We have found that Craigslist is your best option for a rental. 85% to 95% of all rentals leased in San Diego County are found using Craigslist. It is used to advertise rentals by property owners, property management companies and agents alike. The rental listings are far more up to date than what you will find anywhere else. Check often and call/e-mail right away as many rentals move quickly. The best way to sort is by entering the zip code in the Search Box.

Beware of rental scam listings and ads that "look too good to be true”. Make sure you talk to the person managing the property and meet them to see it. Scams usually involve people asking for a deposit in order to see the property. The "owner" usually states they live out of state or out of the country. Other scams involve people stealing pictures from homes for sale and then posting it as a rental with a low rental rate.

Best of luck to you,

Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA BRE License 01713506
www.shea-realestate.com
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0 votes 2 answers Share Flag
Thu Jan 2, 2014
Kari Shea answered:
Hi Carey,

First, congratulations. We moved to San Diego 15 years ago and LOVE it here. Given you do not know where you will be living, we would suggest a short term rental so you can get to know the area and move in the summer (if you can) so your kids will not be affected with moving schools.

San Diego is LARGE geographically so living somewhere centrally located is important. It is also diverse in terms of the price of homes.

We understand that planning is important and would be happy to discuss your options on the phone. Who ever you choose to employ, we wish you the very best and a Happy New Year.

Best regards,

Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA BRE License 01713506
www.shea-realestate.com
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0 votes 8 answers Share Flag
Mon Jul 29, 2013
JR Thrasher answered:
AITD's are a good option once interest rates go up. Most of the rent to own and lease options you see on craigslist are scams. Have you considered working with a partner, whom would enable you to qualify together?

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
(619) 929-0105
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1 vote 9 answers Share Flag
Mon Jul 29, 2013
JR Thrasher answered:
The entire county has a low vacancy rate. However, your best option would be to buy a two to four unit property. Live in one unit and rent the others out. You can even rent individual rooms to people in each unit. Keep a small one bedroom unit for yourself, for peace of mind and privacy and rent rooms out on an individual basis to college students with their parents a co-signers.

Check the link in the web reference below for two to four unit properties near SDSU.
BTW…you may be able to afford a higher loan amount as some lenders will calculate in the rents you will be receiving.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
(619) 929-0105
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1 vote 16 answers Share Flag
Sat Jul 6, 2013
Yoann Baral Baron answered:
Hi Mistycheney,

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

Thanks!!!

Yoann Baral-Baron
Licensed Real Estate salesperson
DRE # 01930612
Allied Green Realty

Cell: (619)-995-9467
yoann92101@gmail.com

www.alliedgreenrealty.com
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1 vote 7 answers Share Flag
Thu Oct 20, 2011
Paul Rinde answered:
You can see if you qulify for a down payment assistance program like CHDAP. With this program your down payment is 1/2%. If you need a referral to a great Loan Officer go to my profile and send me a message.

Good Luck
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1 vote 3 answers Share Flag
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