“I’m seeing lots of ads touting short sales, most of which seem priced pretty well. Are they good investments?”
***ANSWER:
[NOTE #1: I’m repeating a question/answer on short sales from July as too many people are still futilely trying to buy homes that are short sales and will never close.]
[NOTE #2: a short sale is when someone […]
“I own rental property in Logan Heights and southeast San Diego in some pretty rough neighborhoods. I’m sick of all the bounced checks and related delays. I have a mortgage due every month whether they pay me or not. So I’ve decided to require cash-only for rent, but somebody told me that’s not legal. That […]
“I own rental property in Logan Heights and southeast San Diego in some pretty rough neighborhoods. I’m sick of all the bounced checks and related delays. I have a mortgage due every month whether they pay me or not. So I’ve decided to require cash-only for rent, but somebody told me that’s not legal. That […]
“Dear Gary, I’ve been told that the San Diego Tax Assessor will allow a senior citizen to sell their existing house in another county (ie. Orange County), allow you to retain your existing property tax base, purchase a home in San Diego county and forward your original property tax base to the new home in […]
“We want to cosign to help our 40-year-old daughter buy her first home, but with prices so high here in San Diego she can’t afford the payment. Can you give us any advice?”
***ANSWER:
Consider a small duplex for her first home, like my wife and I did in the mid-1980’s. The rent should more than offset […]