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All Forum Posts by: Imke Daniel

Imke Daniel has started 2 posts and replied 3 times.

@Greg Hamer Thank you for your comment, so if I understand correctly a 'joint loan" can be configured differently for both parties? 

Hi,

My boyfriend and I are looking at buying an investment property in Big Bear Lake. He is a veteran and wants to use his VA loan option, suggesting I could make payments to him for my poertion of the loan. I however an looking to gain tax benefits and tought it would make sense to get my own loan for the purchase. Is that even a possibility? can we co-own a property with our own seperate loans?

Post: Big Bear vs Arrowhead Cabin Rentability

Imke DanielPosted
  • Mission Viejo, CA
  • Posts 3
  • Votes 0

I am looking to buy a cabin in Big Bear, CA. I live in Orange County, CA so about 2-1/2 hours away. 

I am planning on using the cabin personally, but am hoping to rent it the remaining time of the year. 

There seem to be a few experts in the forum and my big questions are what area to buy in. Do the secured cabins in Fawnskin rent as well as the ones in Moonridge or Sugarloaf? What about the crime map (https://spotcrime.com/ca/big+bear)? Are there areas to stay away from? 2 bedroom vs 3 bedroom and is it worth spending a little more on a 3 bedroom giving you a higher ROI? What are the things to know about buying in the mountains? Pipe bursts come to mind! Is it necessary to hire a management company or is an Airbnb listing good enough? Does the cabin have to be on a maintained road otherwise it will be unaccessible unless me or someone I hire clears the road in the winter?

And is Big Bear a better investment then Lake Arrowhead? Big Bear seems to offer more activities. Lake Arrowhead seems to be more upscale?

Anything I should be looking out for when picking a real estate agent up there?

Any help and education is very much appreciated as I am doing this on my own for the first time!