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Martin, Do you see the market show signs of cooling down a bit recently?  Some buyers might choose to wait due to all the uncertainties: the rising interest rate and Russia/Ukraine situation etc ... I saw two agents sharing they seem to see a less competitive market in Irvine/So cal - still...

no... now they release one phase in 4 batches - they told us they only email a few each time

Can anyone paste the price for 14c? for 14b, plan 1, 2213 sqft = 1.67M plan 2, 2639 sqft = 1.87M ?conservartory included) plan 3?2638 sqft = 1.948M Given the steep price increase and higher interest rate since December, I am not sure it is worth buying anymore even if we get a call... 

I have received emails in Dec with information about phase 13 - we replied. But didn't receive emails for phase 14 - my guess is it is getting so hot that they only email a few people on the top of the list now

Haven't got any emails from Fresco sales office in Jan 2022 - do they stop emailing people on waitlist or they only email people on very top of the list now?

Good to know! Seem like 3br is a good option from both a dollar$ rental per sqft and an appreciation perspective. Condo is cheaper than SFH,  but HOA bill can be huge and feel like something outside your control.  Many South OC condos have $400 or up HOAs which is really high.. How do you...

I have a similar thought - Newer Homes has open floor plans, upgrades are in trend, you worry less about needing to fix things, but the average yard is small, you are very close to your neighbors unless you pay a big premium to buy a larger lot. For older homes, floor plans are less open...

Yes, I am using 25% downpay,  4% interest rate

So I begin to learn to analyze some potential rental properties -- For example, a 2b2b condo like this one in lake forest can rent $2500 per month, and the monthly mortage/HOA/Tax = $2400, but if you add maintenance/vacancy (20% of rental price), your cost is $2900 per month, so -$500 per...

That's super useful website, $59 per year doesn't feel a lot if they give a good rental estimate, thank you!

Good to know, thank you for sharing! How do you think about the appreciation of Eastvale? It actually has been branded among agents the "next Irvine", saying it has good schools, companies are moving in, etc.

Thank you for your insights Martin, helpful as always. My guess is that the smaller SFH with 2~4 bedrooms - low HOA and low property tax, usually produce better cash flow. You are right - it is probably very competitive now. Do good schools matter a lot? By Irvine standard, you need to have...

Thank you - will check out Riverside! I am still on waitinglist for Fresco - good memory, but I haven't received call yet. I think it became harder because many people don't defer any more

Hi, I am a newbie in real estate investing and want to do some research - appreciate your help! With housing prices growing so much, are there still areas in OC that potentially can offer cash flow - or at least break even, and with good appreciation potential? It seems when Irvine became...

I think last phase is $1.93M for ~3000 sqft

Super helpful! Do you mind sharing how much do you need to put as a deposit? How much upgrade cost (excluding structural) do you need to budget - let's say 1) minimal and 2) moderate?

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key?  So sounds like the timeline is: - 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K - 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M -...

It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?  :'(

Martin, can you share when your client (who got Eastwood Fresco model 3) gets on the priority list? Which phase did he get a house? - Phase 13?

We participated in the bid wars in some recent listings - it is going totally crazy. The offers are $200K above listing - some homes are entering $700 per sqft Do you feel like in Jan there will be more homes? With slightly more homes, will the prices stabilize or will then continue to shoot...