VA Loans

[VMFA187]

43 minutes ago, brabus said:

 

Good luck with the communists in charge of the state. 

😆

I know. I'm hopeful that one day the state won't be run by the population of LA and SF, but it's probably not likely. 

I truthfully feel California is the most beautiful state that we have. I'll keep fighting for it. 

Edited July 5 by VMFA187

[arg]

9 hours ago, VMFA187 said:

I closed last month with Jon on a dream property with nearly 175 acres in Northern CA. It wasn't the easiest transaction but their team stayed on top of everything and made it happen. I think it's the third time I've worked with Trident and wouldn't choose anyone else. 

 

Would you be willing to share an approximate cost of that property?

[VMFA187]

On 7/5/2025 at 7:45 PM, arg said:

Would you be willing to share an approximate cost of that property?

$788,000. It's quite rural, halfway between Blue Lake and Willow Creek. There is not a lot of industry there which is why I believe the price was "relatively" low. Last week my realtor who assisted with the purchase told me 160 acres adjacent to our property went up for sale and asked if I was interested. I told her I obviously was, but cannot justify it now as I need to rapidly pay down the property because at 6.99%, interest is pretty insane. Purchase price for that was $375,000 if I recall with owner financing available at 10 years, 8%, with $75,000 down.

Maybe one day, I just don't want to be working forever. I'd love to sell our home in San Diego and move up there full time and homestead, just not sure the wife is there yet. 😆

[Smokin]

On 7/7/2025 at 10:24 AM, VMFA187 said:

$788,000. It's quite rural, halfway between Blue Lake and Willow Creek. There is not a lot of industry there which is why I believe the price was "relatively" low. Last week my realtor who assisted with the purchase told me 160 acres adjacent to our property went up for sale and asked if I was interested. I told her I obviously was, but cannot justify it now as I need to rapidly pay down the property because at 6.99%, interest is pretty insane. Purchase price for that was $375,000 if I recall with owner financing available at 10 years, 8%, with $75,000 down.

Maybe one day, I just don't want to be working forever. I'd love to sell our home in San Diego and move up there full time and homestead, just not sure the wife is there yet. 😆

I'm sure it would stretch the budget, but if your budget can be stretched to buy it, I would for sure.  And this isn't empty sideline advice, I've personally done exactly this to control my surroundings as much as I can afford and I have had no regrets.  Especially when I see some properties down the road getting subdivided and suddenly a quarter section that had a single house now has a small neighborhood.  Can always sell later if finances stop working out or rent/lease it out.  I know multiple people that had an opportunity to buy adjacent land and didn't that lived to regret it when a bad neighbor moved in and set up a bunch of junky trailers on the edge of the property and junk like that.

[brabus]

Agree with Smokin. If it’s financially feasible to buy adjacent property, never pass it up. If you do, you’ll surely regret it down the road - you can’t have enough property to buffer between you and whatever some future jackass is undoubtedly going to do (Murphy’s law). 
 

Another thought if you really don’t want to sink that kind of money into  the other parcel for the long term, you could subdivide it to large parcels you’d be comfortable with having neighbors on (say 40 acres), and put covenants on it that prevent further subdivision, no junk yards/large number of abandoned vehicles, etc. Don’t go crazy,  but a few things like that could make it acceptable to you long term, and you’d certainly make some good profit…just have to be able to bankroll it for a few years. 

Edited July 9 by brabus

[VMFA187]

I completely understand what you two are saying.

It would be roughly $3,000/mo to purchase the adjacent property. It's within the budget. But I'm at a point where my priorities are changing. I don't want to work full-time anymore, I'd like to split my time between San Diego and N CA. Time is the only thing we can't make more of. If I can put that extra $3,000/mo towards the property I purchased, along with a couple decent big principal payments I can have it paid off in about five years and go fully part-time. My daughter is seven and son is two and I want to spend more time with my family while I have time and while they're young. I'll never get that back.

I don't think there is any chance of there being a "neighborhood" around there. We have no mailboxes, no delivery options, no infrastructure for electricity or plumbing. Everything is completely off-grid up there and there is no industry, so little chance or development. Plus, I don't think many people want to live with bears on your back porch!

Buying it would mean my chance of going part-time moves from a five year plan to 15+ which means I won't get to spend much time up there... 

Maybe I'll stop and pick up a few lottery tickets on the way to work this morning. Or just sell my home in San Diego.

 

 

 

Edited July 9 by VMFA187

[brabus]

Solid points, love the priorities. Enjoy life away from the city bullshit! If you don’t have to carry a gun for wildlife protection on your own property, are you really even living?!