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Did you put down a deposit or end up buying?

Out of curiosity, are you the owner or listing agent?

What's the saying? Penny wise... On a more serious note, in Irvine given the relatively high property values, it's usually 2/2 or 2.5/2.5 if it's a lower-end home.

Small caps have been hit and bottomed earlier this year. Any small caps that have been hit hard but are close to profitability and with a strong balance sheet, now would be a good time to DCA into. Easy multi-baggers in the coming years. Now it's big techs' turn to be hit in the next several...

If anyone is looking to purchase a new build and would like a credit to cover your closing costs, DM or text me.

First, I find it hard to believe that any home in 92620 would be that hard to sell. Here's what I would do: increase the price of the current listing for a few days, then cancel the listing agreement and sign a new one. "Cancel" the current listing on MLS. Put up a new listing with a more...

It's fun to speculate but the truth is no one knows. I personally believe that Irvine will hold up very well in any kind of market e.g. up, down, sideways, major crash. Think of Irvine as the S&P500 index. To someone's comment about FCB having to sell because their 5-year ARM is about to...

One can reasonably expect the market to at least stabilize at some point because 20-30% appreciation in a year isn't sustainable in a relatively mature market like the US. No one knows when but I think next year seems probable due to a few factors such as rate hikes, no more eviction moratorium...

Now you know what you get with one of those 1% commission listing agents. ;D

This is gonna sound cliche but most of the time you get what you pay for. Also, if someone doesn't value their own time, would you expect them to value yours?

Unless you're in the lowest tax bracket, I personally wouldn't put any significant amount of money in REITs because dividends from REITs are taxed as ordinary income (not even as qualified dividends from stocks) and you wouldn't get any leverage (you could use margins but that's a whole...

I haven't been to IronRidge in awhile but found this online:https://landseahomes.com/ironridge/silveroak/.OP is probably looking for a SFH though.

Meanwhile I came across this podcast with Ken McElroy calling real estate "cheap" today:https://youtu.be/pOlqoRgmu50.Offers some useful insights IMO. While we are on the topic of hair cut guy and crypto, my barber did tell me the other day that he bought some Doge coin. And no, he hasn't...

What is generally the smallest loan amount that can be refinanced at no cost? TIA!

I wonder if the landlords' association sponsored that article. Typical FUD in mainstream media ignoring inflation, leveraged appreciation, and ability to build wealth through real estate.

I would look in Lake Forest, which probably has the most new homes to choose from and the closest feel to Irvine. Serrano Summit, Iron Ridge just to name a few.

Thanks for sharing your home purchase experience in Irvine! Just curious, in today's ultra low interest environment, why are you choosing to pay cash? Since you're planning to rent out some rooms, the interest could also help offset your rental income on your tax return. As for subleasing...

Property tax rate for GP is around 1.8-1.9% depending on the home. Home prices look cheaper on paper but you pay for it over the course of home ownership. I suspect some people buy for that reason and others simply like the area and don't mind paying a little more in property tax.

Since sales are slow, some builders i.e. Lennar are willing to negotiate broker co-op these days. Everything in RE is negotiable.

Does it fit your needs? It wouldn't negatively impact resale because it's already priced in in the cost. Most new homes have very efficient use of space. If it fits your needs, then go for it.