I know its late to answer this question, but...As long as you are claiming the rental income on your tax returns for the previous two years and you do have a minimum of 30% equity in your home, you can utilize the current rent to offset that payment.... more
I was Chief Accountant for Juillard Alpha Wines & Spirits, the sole distributors of Seagram, Hiram Walker, and many local as well as International wines, based in Brisbane many years ago so I am very familiar with Brisbane.
Yes, it is located just minutes away from San Francisco. However, the biggest problem then and still today is the San Bruno Mountains isolating it from San Francisco and San Mateo. Very similar to how Pacifica and Half Moon Bay are isolated from the more bustling San Francisco to the north and San Mateo to the east. What gives Pacifica and Half Moon Bay more exposure is that they have more attractions and services. When I was working in Brisbane all they had was one bank, one Chinese restaurant , one sandwich shop, etc. and it isn't that much better today.
I love Brisbane for homes and jobs, but even then you have to go North to San Francisco or South to San Mateo just to do your groceries or have lunch or dinner out.... more
Regular sale, bank owned, or short sale homes each have their own specific situation.
The three things you would have to consider most are the current market condition, the condition of the home (outdated, half updated, or fully updated), and how many offers are on the table. It is often best to have the highest offer. This is true for multiple offers as well as having the only offer.
In the last 2-3 months I have found more often than not that even offering the listing price is not adequate.... more
You should totally be able to find that! In fact, I'd check Craigslist for Woodside, Atherton and Potola Valley. This might sound crazy, but there are a lot of wealthy folks out there with really big homes that will often rent out an in-law suite to the tune of $1000-$2000 a month.
If that's too far out of the way, try Belmont in the Sterling Downs neighborhood. There are a ton of duplexes in there. One side typically has 2br/1ba and they were going for about $1500 last time I checked.
Hope this helps. If you need more active assistance, just let me know.... more
Welcome to the Bay Area. The cities the others have mentioned are all great, with very good schools.
If I were you, I think it would be wise to rent first and get an idea of the layout and areas you like best. You can always purchase later once you know more about each city. If you purchase first, it could cost you upwards of $100K if you find out later that you bought in the wrong area.
I usually don't do rentals, but if you need me to send out an email blast to hundreds of agents to see who might have a rental coming up in a nice area, I'm more than happy to do so.
The first thing you need to do is review your CC&Rs or ask the President of the HOA what the procedure is for getting policy review. You are right, it makes no sense that a bottom floor have any regulation for flooring, but these documents are often drawn up as boilerplate and don't always make sense.
Once you figure out how to get a review, come armed with as much info as you can. Unfortunately this is one of the drawbacks of living in a condo - you have to ask permission.
Lance King/Owner-Managing Broker
DRE# 01384425... more
You are right, that not everyone appreciates the Eichler Homes. However, this particular area has always been high in demand. My office handles a huge percentage of the listings in the Highlands and often times have listings that are not in the public MLS. We have two of those at the moment.
The Highlands is not only known for the good schools, but also the tranquil space surrounding the neighborhood, the sense of community there, and Highlands Park that has year round activities and a swimming pool.
If you would like further information, or I can be of assistance, please contact me. I am always happy to help!
Diane Mollison, Realtor
Coldwell Banker-San Mateo-Downtown
Donâ€™t freak out because you have heard a story about banks foreclosing in the middle of a short sale. If the short sale lender has already approved your short sale it would be against their best interests to foreclose at this point. One of the jobs incumbent on the short sale listing agent is to stay in touch with the short sale lenderâ€™s loss mitigation department and make sure that a foreclosure is not scheduled.
New legislation that impacts what actions can be taken by short sale lenders has been passed in California but does not take effect until Jan. 1st of next year.... more