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Would you still vouch for a 3 bedroom if the rental size is 1400 sq.ft? I am not sure if everyone would prefer tiny bedrooms, but on paper 3 sounds better than 2. 3 beds start renting around $3100, where-as 2 are capped at $2950 for now...

Well, its always easy to second-guess someone elses job to be easy and i did try to RENT my rental by myself in the dreams of saving $1600 something in commission, i did find tenants but got BURNT OUT by them as they ran away at the last minute (after providing SSN etc.) and i lost 30 days of...

Common Sense tells me that the potential renter pool for $2500-$3000 condo's is much larger than to rent a SFR for $4000+ ==> hence the condo investments becomes a win BUT ONLY to those who bought it in 2011-2012 & have positive cash flow. For owners like me who bought last year, are under...

Thanks, lets see what i can do

8) 8) 8)YOu can walk to Woodbury Town Center from Portola Springs - Willow in 10-15 mins !

Hi Guys, my friend bought a 1960 built 4 bed/2 bath: 1400 sq ft/6000 sq ft lot - SFH in Brea for 605k. There is no HOA/no mello and he sneaked in a 3.5 Interest Rate last Oct 2016. I visited his house and other than the backyard and front parking space, was not really impressed by the home...

You are right and that is why i am suffering negative cash flow on the portola spring tri-level monster condo i bought, the HOA + Mello eats up $615/month and its rented at $2750, so i am loosing $5000/year minimum (EXCLUDING the vacancy and repairs - which can increase the negative cash flow to...

I own a condo in Willow and sorry to new buyers, but everything in there has been pre-sold out, the handy-men told me a few months ago how chinese investors scooped 3 condos in cash with closing over an IPad in 3 days. Apart from that, the regular buyers have bought it all out due to lower...

Luckily i have great tenants who will happily extend their yearly lease and are keeping the condo in good shape. I am under negative cash flow and my reason of buying this investment/(possible primary residence in future) was never to sell it. If i can increase the rent by 5-8% at lease renewal...

I am sorry for the typo, i paid 9k property tax

But i just became a homeowner last year and only now i will get a reality check for the 1st time by filing taxes after owning a property.  6 figure yes, and the other options will end up as yes as well (no kids), so i am concerned.

Thank you, can you please educate me on how AMT works, based on my google, it is Alternative Minimum Tax (AMT). If someone earns less than 200,000$, then they are not hit by AMT? I tried to dig deeper...

Guys, I am thinking about selling the 1614 sq.ft  tri-level condo i bought last year. Some things i want to know before i would want to go through the ordeal are: 1. As per real-estate IRS rules, any property sold within 1st two years of its purchase will NOT incur any taxes on the sales...

I want to be that dream buyer lol

Sorry and no offense to anyone, but the back-doors workarounds, crooked ways chinese have is beyond anyone's wildest imagination here, you cannot stop them from laundering money, shell companies, inner connections, loopholes etc. are being exploited everyother day, do not expect Irvine to be the...

I wasted $350 on getting my newly built condo inspected and the inspector was lazy - standard report - didn't have the guts to walk into the attic & did just a superficial check up - I should have just listened to the sales agent lady who said that it's all spanking new & city of Irvine in...

Nothing, its been rented out with very good tenants and  i am happily under negative cash flow (can't expect that for a property purchased in 2016 in irvine). Since i plan to pay it off in 5-7 years or earlier, it should get better with rents increasing 1.5-2% every year in Irvine. There's no...

Hello Fellow Irvinians (if there's anything like that): I would like to know from the senior-experienced members on this forum about the speculations that we will see a 20% drop in prices in the next 2 years (say by Dec 2018). Considering the infamous 7 year high & low cycle, will we ever be...

Well if they were priced more than 550k, i could not afford them

Sorry to burst your bubble, but the REAL WINNERS ARE THE ONES WHO BOUGHT IN 2011