I am really enjoying this forum. I will ask some advice as another opinion.
In 2015, we purchase the brand new home at South San Jose, Lennar community SFH 2165SQ 4 Bed and 2.5 bath, small courtyard, HOA 240(including big swimming pool and community center, gym), 95123, Near Cottle RD and 85.
Closed Target, safeway, brand new Costco.
Also new homes(SFH, but mostly TW) will come near future next to Costco.
Purchased as 880k now based on Redfin 1.1M. But I don’t believe it might be now 1.05.
I am sure you guys easily know or find this place.
No kid, two income(around 260k), my mortgage payment is 3,200 with 30 years fixed.
Within two years we have plan having a baby.
Commuting: We are doing carpool together. My work in Santa Clara near to central, her work is near to 880, 95131. Commuting is fine so far not bad. 40 min one-way with carpool.
Luckily I have cash 600k on my hands. I want to keep at least 50k after I purchase a new property. I restated as 600k.
I am looking for purchasing this year 2018. Which case is better?
- Buy good school zone shitty house SFH, TW or condo and rent out. Then when we have a kid and about to go school, renovated and move it. South San Jose house remain as rental or sell.
My realtor told me even you will be fine buying TW or Condo in the good school zone and rent out. But eventually, we want SFH.
Buy good school zone SFH and move it. Rent south San Jose house.
I am not sure how much South San Jose SFH will attractive to renter due to long distance commute. Currently 5 elementary will shrink to 3 due to lack of enrolment. Google new campus will affect Willow Glen or San Jose I am not sure in South San Jose.
But several condos for investment, at least two. And when the time is come to buy the family house, sell it South Bay home and move to new house.
Do you have any recommendation?
I am not crazy about Cupertino Schools, But I want to buy in the good school district.
Thanks in advance.