“We have a new pair of twins and need a bigger home. We’re very picky and won’t list our current home until we find one to buy. We need the money from that to buy, so we’ll have to make a contingent offer and then sell our place. Do you think this is a good […]
Is Mello Roos deductible?
“We’d like a newer home and we’ve been looking in north county and Carmel Valley. Many of them have those Mello-Roos payments. Is Mello-Roos tax deductible?”
***ANSWER:
If you’re not familiar, Mello-Roos is a fee LIKE an extra property tax. You’ll find it on a lot of local homes built after around 1990. […]
What about Negative Cash Flow?
“Hi Gary, I receive your informative emails and I truly enjoy them. Thanks. My question is this: I have investment properties but some have negative cash flow. In reading real estate books, negative cash flow is discouraged but I strongly believe that a real estate investment is just like a […]
What about Seller Paid Closing Costs?
“I know sometimes people buying a home ask the seller to pay their closing costs. Why would a homeseller ever agree to do that?”
***ANSWER:
Great question. Many of my seller-clients have objected LOUDLY when asked to pay a buyer’s closing costs.
My advice is it doesn’t matter if a buyer […]
Should I buy a foreclosure home?
“Hello Gary. I’ve learned a lot from reading your newsletters and I was wondering….do you deal with foreclosure homes at all? If you do, what are the advantages and disadvantages of buying a foreclosure compared to a regularly listed home on the market?”
***ANSWER:
In Southern California, foreclosures are the […]