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  1. M

    Beacon park or Eastwood as future rental

    LOLL ! I was thinking this for the future if I bought in Great Park because the sales office at Beacon Park was selling me on the idea that Great park Neighborhoods would be resort/vacation-like living. Touting museums, water parks, shopping centers, sports centers, training camps for/with...
  2. M

    Paying off a Mello Roos

    If you don't mind me asking qwerty, did it happen to be a new construction. Just because I've read some people's experiences on other forums and some say that pay in escrow, some after the home purchase and some even said through the builder or the real estate agent. I'm wonder if it has to do...
  3. M

    Paying off a Mello Roos

    So the MR bonds can be dealt with anytime and does not necessarily need to be done before escrow? Because we will be buying a new construction home and sales offices don't seem to be too helpful on this subject right now so I think I might have to wait for my tax papers to come or something...
  4. M

    Paying off a Mello Roos

    Thats really good to know. Then I will be sure to pursue this option BEFORE escrow. And also good to know AD certain bonds cannot be paid off. But I wonder if all CFD bonds are allowed to be paid off. Because the CFD for Eastwood village is about $1700/yr and I imagine we could just add the...
  5. M

    Beacon park or Eastwood as future rental

    lol no eyephone. Sorry if I seem like spam but I started the MR thread because I felt it no longer fit the thread topic. Thank you for responding over there though. I will go look at it now.
  6. M

    Paying off a Mello Roos

    Hi everyone! New to Irvine so forgive my ignorance, but I was under the impression that mello roos could be paid off in a lump sum as it is basically a loan taken by the builder and passed to the homeowner. I've found a lot of information on paying it off in San Diego and people have said it is...
  7. M

    Beacon park or Eastwood as future rental

    I heard about paying off a Mello Roos when I was doing research. But most of the information was from San Diego : http://www.bubbleinfo.com/2012/04/04/paying-off-mello-roos/ I am not sure if it is applicable to Irvine because in SD when you pay it off you are exempt from eligible houses for...
  8. M

    Beacon park or Eastwood as future rental

    All great points. Seems like the prospects of Eastwood are just plain better. Was hoping that paying off the mello Roos would help turn a profit off the rental in the long run but I'm not sure where to get info on that. Then I heard they can renew mello Roos after their initial proposed time...
  9. M

    Beacon park or Eastwood as future rental

    Oh wow. That's really good to know. Won't be doing an Airbnb ever in Irvine then!
  10. M

    Beacon park or Eastwood as future rental

    Thanks for all the input. I'm guessing that Irvine real estate is more about the appreciation game. This makes the detached condo much more desirable. But I can't help but be so curious about great park neighborhoods. Sales office was touting it to be a whole new city with museums and sport...
  11. M

    Beacon park or Eastwood as future rental

    I agree I will be able to rent it out. But I think I'm concerned about just breaking even with my monthly payments since I heard the rental market thins at $4K. I would be making payments at $4300. Just to throw out that primrose is located right next to beacon park school but I'm not sure if...
  12. M

    Beacon park or Eastwood as future rental

    Hi everyone. As some of you may have seen from another post, we are a first time home buyer in Irvine. Since this is our first home, I have suggested to my SO to buy a cheaper townhome or even a flat. This way we can have more money in our pocket for future investment. That being said, we...
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