All Forum Posts by: Dave S.

How is the appraisal situation working out? Is it moving forward? I'm curious because I need to MF property's done myself at this time.

Thank you Chris!

I got confused looking through all the titles...

Which one is everyone reading and talking about? The real estate one? There are so many. Is there a beginning 1st book?

I'm curious abou this as well. Thanks in advance.

Wow Stone, now that's a warm Texas welcome if I've ever heard one! We can't wait to get there, seriously. I truly hope my family can see there is great places other than CA.

Thank you Sue, and I thank everyone for your thoughts and advice! This is exactly the type of discussion I was looking for. Selling everything, moving half way across the country with your family is not to be taken lightly. I'm confident we will be better off 10 years from now financially. It's almost a now or never situation, my wife and I are both 48 and we can't be doing this at 58. Hopefully we can build more real estate wealth after we get settled. I bought the duplex before the real estate ballooned in 1998, we bought the primary house in 2010 when the prices from the recession were still low for 250k now its valued at 700k on Zillow but realistically we'll get 550-600. Same with the duplex, owe 250 and we'll get 500-550. 

What if you applied for forbearance and never used it. That should not ding your credit or good standing right? 

We waited hours on the phone with our 2 lenders to get setup in March, preparing for the worst and hoping for the best. Turned out we never missed a payment....one of the lenders contacted us about the odds of using it and if it should remain open, we told them to end the program. 

Oh yeah, Boerne looks really nice. No we don't need new construction, no planned neighborhoods either. I lived in my duplex for 10 years, blue collar neighborhood. All my neighbors were/are contractors and taught me how to work on my home the right way. 

San Diego is just too expensive. You need to make 6 figures to live here, both parents. To live in a decent neighborhood with good schools you're going to spend 750k-1.5mil. on a home. Our situation is different, but we're done chasing the almighty dollar to stay here. I want to sent my kids to college. 

Yeah, another good point. We'll find out! Once you leave CA it's virtually impossible to come back, I've personally seen it happen to co-workers exactly how you described. And, they've had to give it up again after trying.

When we go out to purchase the rental under the 1031 we'll go out as a family. That will be the acid test for them. 

I've been to TX several times, I grew up in Denver and moved to San Diego in 1997 when I was 25. So I can hang no problem. Californians have been invading CO since I can remember with some disdain from the locals, and I hear it's probably the same in TX.

The properties that attract us the most are the 'country living' style. Hopefully an acre or so, workshop, and few or limited neighbors. Somewhere north of the city off the 281 might be good, yes? 

My kids 12 and 14 are not very excited, but they'll get over it. We do more camping than going to the beach.

Oh, and without being political we're more aligned with the traditional thinking of Texas on that end of things...red state Texas that is...

Yes, you are right about the wages. Some of my friends warned me about that as well and after a quick look at some temp agency jobs in SA it is true. So yeah that is on our mind regarding future budgets, thank you.

We might have to jump around jobs until we find a good fit. It's going to be an adventure for sure!