All Forum Posts by: Jesse Snyder

Excellent break down Greg. I appreciate your input, totally makes sense

My concerns with buying a house are overall trends within the peninsula market. Neither my mom or I plan on living here forever. So while it would be great to lock into rent, I'm not sure how it would fair as an investment. While we can bank on long term appreciation, we'll have a hard time making good cash flow if we need to rent. I often wonder how much houses in seaside/marina can go for in 7-15 years

Hello All,

My First post; how exciting. After pulling my hair out trying to figure out what to do in this situation on my own, I figured I'd reach out to a community of people who have been there and done that. Any potentially insights are greatly appreciated.

I work in SV 3.5 days a week and come back down to my mom's house in Seaside for the weekends and my days off. My mom's landlord has passed and our 3/1.5 1200sf house in a subpar neighborhood (seaside is similar to Oakland/LA with gentrification slowly creeping in) going for $460k. Complete with drug deals, fireworks, and grow houses on every corner.... I digress.  You wont find rent for much cheaper than 2gs for a 2 bedroom, most are not dog friendly. (Deal Breaker)

Most houses are going for 400k minimum in C/B neighborhoods. I am self employed and have a nice SV income, and want to make a good investment. I do not plan living here for the rest of my life. Ideally I'd like to retire at 35 and move into a house that I've made a vacation rental. I'm an avid surfer, so I should be able to rent out most places and allow the occupants to pay down the mortgage in a couple untapped vacation markets. 

Overall I have no debt, very little expenses, six months to move, and a want to invest. What would you do if you were in my shoes?