San Diego Real Estate Blog

What are Mello-Roos Taxes and Do They Affect Me?

Unlike other states countrywide, California has a property tax of only 1% annually of a home's purchase price.  However, some Californians can be faced with an additional tax called Mello-Roos.  Mello-Roos calls for all newly developed areas that need cooperative homeowner financing to tax the homeowners of the community for building the necessary infrastructure of these districts.  The Mello-Roos funds go toward public facilities and service needs.    

Local developers build these new communities with the expectation that they will be able to function independently. These public facilities are financed through the Mello-Roos Community Facilities District (CFD) semi-annually. Some examples include New Public Roads, Schools, Police Stations, Fire Stations, Libraries, Paramedic & Ambulance Facilities, Natural Gas Pipeline Facilities, Telephone Lines, Electrical Transmission Lines, and a government facility, which is owned and operated by local governments.  

For various reasons, the tax amounts and duration can vary widely from district to district, street to street, and even house to house.  Once a Mello-Roos district has bonds and funding, it then has the authority to issue the necessary public services and facilities.  While each district is unique unto itself, the average bond...

How To Build Generational Wealth With Smart Investing

By strategically investing in real estate, you can build generational wealth. Here’s my advice about strategizing successfully.

Get Your Home Value

Get Your Home Value Search All San Diego Homes

A lot of people have been asking us about investing in real estate.

The truth is that it can be tough. This is not the market to just go out and buy anything.

However, I’ve recently purchased a home as a long-term rental property, and I’d like to talk through what I purchased, why, and what the long-term outlook is. Follow along in the video above to see a visual representation of what I mean.

I identified an area in town where the prices had skyrocketed over the course of this market cycle. Yet there’s another, separate neighborhood which is a bit older, but it’s still a desirable area that has stayed a little bit flatter. The high-priced neighborhoods are newer, but they also carry Mello Roos. The older neighborhoods don't.

These neighborhoods are west of the 15, a great area with good schools and jobs nearby. Even though they all...