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And thanks IR2 for your quick response.

And actually if the second loan was HELOC, I could re-pay only interest till I pay it all off in a year. And my payment would be less than if all of 80% was financed.

I should have been more clearer. My motivation is manageable cash flow through term of the loan (although it will be tighter at the beginning). Payment due every month doesn't change if I even pay it down. Only way to lower payment is to re-finance, which I want to avoid.

I had question on similar line... how about 60/20/20? I can afford 20% down-payment now, and additional 20% in a year or so. I don't want uncertainty of re-finance rates a year from now when I put down additional 20, and I want to keep payment manageable on my primary mortgage. Maybe 20% as...

<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg">Housing Crash to Resume on 7 Million Foreclosures, Amherst Says</a>

I guess I should be more observant in my next open houses, hehe...

Listing already said 515K is the approved short sale price when I put in the offer, that was about a month back. In fact, it was the exact same agent-to-agent comment. Does the listing say water-thing-a-magic at the entrance is included :)

My offer was 515K and I was told there were multiple offers at 515K and bank was going to pick offer with best credit history (within 2-3 weeks)... considering I'm pre-approved for more than 515K and I was going to put 20% down, I would have thought that I would have heard something before it...

Any idea what's up with <a href="http://www.redfin.com/CA/Irvine/42-Townsend-92620/home/5951874">42 Townsend</a>? I had put an offer on this place a while back for "approved" short sale price, but never heard back. And it keeps getting listed and de-listed.

Looks like prices are lowered at <a href="http://www.redfin.com/CA/Irvine/41-White-Sage-92618/home/21657837">Los Arboles</a>...

Just when I thought I may be able to afford a place in Irvine...

Any idea what happened here??? Property History for 56 Bamboo Date Event Price Appreciation Source Aug 24, 2009 Price Changed $1,307,000 -- SoCalMLS #P695078 Aug 24, 2009 Relisted -- -- SoCalMLS #P695078 Aug 10, 2009 Delisted...

for that matter... 2800 rent is unlikely either. But you're missing the point. Point is whether or not 2800 is parity point. And it is (or close to it) if you're willing to pay 2800 rent for similar place. Rental parity doesn't mean at what point you'd buy a place as investment (rental)...

you can write off taxes and interest against the income generated by the property. you can also write off all other costs of repairs, travel etc that was incurred in maintaining this investment property as well. If your net income is less than cost, you can carry the losses forever, but it can...

Looks like smog will be a big problem in Portola Springs - air quality seems get noticeably worse just going from Woodbury to PS. Or is it just my imagination? Also it seemed like east is worse than west. I'm thinking of purchasing at Los Arboles, but distance to highways and air quality may be...

Understood. I would have been OK with settling it outside of escrow. But I already screwed up by signing in at the open house without my agent. Thanks once again.

Thank you for your response. I'll talk with the agent about commission split.