Hemet Short Sale Investing - A Wind of Change in 2008 - 12/31/07 11:00 AM
2008 will see a dramatic change in the way short sale investors approach the Hemet real estate market.  The old model of beating up the lender to buy low and flipping with an end buyer in place is almost a dinosaur model and will near extinction by the time 2008 unfolds.  Rather, I believe the ideal business model for investing in Hemet CA Real Estate is the Buy and Hold - the true path to real estate wealth.DOUBLE CLOSEThe ‘double close' has taken a beating with fewer and fewer title companies willing to participate.  Yes, they are legal and they will … (4 comments)

Helpful Hints When Rehabbing a Hemet REO Property - Caulking - 12/30/07 01:00 PM
When considering the purchase of aHemet  home that has been foreclosed on by the lender (REO property - or Real Estate Owned), you should know going into the transaction that there will be some sweat equity that you will have to put into the property if it is going to be a worthwhile endeavor.By sweat equity, I am referring to the fact that as a bare bones minimum, you are going to have to paint and probably deal with the flooring - one way or another.  What I would like to address in this series of articles is some tips on … (2 comments)

As An Investor...Do You Really Want the Nicest Home in the Nicest Neighborhood? - 12/29/07 11:22 AM
The Hemet - San Jacinto Valley has recently been hit very hard with foreclosures and as a result there are some great REO properties available for the savvy investor to buy in Hemet CA.I have been blessed, because I have been able to attract multiple investors from outside our area to find me to help them find the best real estate deals in all of Hemet.When I initially interview my prospective new real estate investor clients, I of course want to find out their motivation, their exit strategy and of course their opinions of what makes a great investment property.It appears … (2 comments)

Once Again, I Find Myself Bucking Traditional Wisdom - 12/25/07 01:04 AM
Let me start by saying that I love the end of the year and the natural slow down that occurs in the real estate industry starting around the middle of December and lasts straight through the first week of January.Many REALTORS® are taking it easy - enjoying the family and holiday festivities, rightfully so, I may add.  However, there are many who do absolutely nothing for their business during this period and just come back to work doing what they were doing the year before. (Although I am afraid in 2008, many will not be renewing thier annual dues to NAR … (12 comments)

Hemet Real Estate Market is REO Driven - 12/24/07 06:57 PM
The Hemet, CA Real Estate market is becoming an REO driven market.  An REO property, in Hemet, is one that has already gone through the foreclosure process and has been taken back by the mortgage holder - typically either a bank or an investor.  The Hemet REO property is not considered an asset of the bank but rather a liability since it is sitting vacant and costing them money on a daily basis.  What makes it even more of a liability for the mortgage lender is that when they are finally able to liquidate the Hemet, CA REO property, they will … (4 comments)

Buying New Construction in Hemet, CA: Tip #7 - Truth in Advertising - 12/24/07 12:43 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (1 comments)

Buying New Construction in Hemet, CA: Tip #6 - CAUTION: Builders Financing - 12/24/07 12:35 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (2 comments)

Buying New Construction in Hemet, CA: Tip #5 - Why You Should Use a Buyer's Agent - 12/24/07 12:19 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (1 comments)

Buying New Construction in Hemet, CA: Tip #4 - Read The Contract! - 12/24/07 12:14 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (1 comments)

Buying New Construction in Hemet, CA: Tip #3 - Community Before House - 12/23/07 01:04 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (2 comments)

Buying New Construction in Hemet, CA: Tip #2 - Lot Size & Location - 12/23/07 01:00 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (2 comments)

Buying New Construction in Hemet, CA: Tip #1 - Consider Your Upgrades - 12/23/07 12:51 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction.  Make sure you weigh all of your options.  In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (2 comments)

Tips for buying a REO / Foreclosure Home - 12/20/07 10:07 AM
The Inland Empire market in southern California has certainly gone through a major transition in 2007, setting the stage in 2008, for what I project will be the best buyers market we have ever experienced.Homeowners who would like to sell for any of a number of ‘normal' circumstances will certainly be disappointed.  Although I do believe that prices are near the bottom of the market, since a real estate investor can now purchase a property with minimal rehab expense and turn it into a positive cash flow rental unit.
Although my prediction that the market has come close to hitting the bottom … (6 comments)

The Hemet - San Jacinto Valley: an Overview - 12/20/07 07:59 AM
The Hemet - San Jacinto Valley attract new families and businesses to our area for many reasons.  High on the list has to be the culture our valley has that emphasizes family values.  Our residents and business leaders interact with one another on a daily basis with integrity - which is a breath of fresh air when comparing the environment found in Southern California cities.  The Hemet - San Jacinto Valley offers convenience to some of the world's great recreational facilities making the possibilities almost endless.  Of course, our mild climate is another huge reason to attract newcomers to our valley.
Every … (2 comments)

How Many Ways Can a Mortgage Bank Throw a “Hail Mary”? - 12/18/07 10:13 AM
There is no doubt that 2008 will go down as one of the worst years for those in the mortgage industry and those of us whose businesses exist through the mortgage industry.Certainly it has been a year of changes, if nothing else.In this mornings industry news I read that GMAC is shutting doors and letting people go as it prepares to shut down 15 of it's company owned offices located in the North East.  In comparison to some of the closures the mortgage industry has experienced this year, this is still relatively minor - effecting about 50 sales and management types, … (3 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #9 - 12/18/07 09:09 AM
Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #9In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#9 - I will NOT Spend a Fortune on Slick Marketing PiecesI don't think anyone will ever judge me against another REALTOR® based on how slick my marketing pieces are.I do pretty well with template postcards, letters and other pieces that I can easily … (1 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #8 - 12/18/07 08:55 AM
Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #8In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#8 - Does Anyone Really Care About How Long I have Had a Real Estate License?  I don't think so.I did OK as a rookie. In my Freshman Year of Real Estate, 2005, I closed 24 transactions.  Then in 2006 I took 6 months … (2 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #7 - 12/18/07 08:42 AM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#7 - Never - EVER - Tell Them What I can't Do!!!  How many times have you seen marketing that will indicate that the advertiser is limited by what they can do?I know we all have our own niche's and yes we need to focus on them...but does that mean that we are going to spend marketing resources informing the … (0 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #6 - 12/18/07 08:20 AM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#6 - I am NOT a Touchy-Feely REALTOR® - So I Won't Try to Be!  Once again, I am not putting down anyone's image that they want to project.  What is important is that you project the image of who you really are.As for me, I know what I am NOT - I am not the warm and fuzzy REALTOR® … (0 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #6 - 12/18/07 08:18 AM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#6 - I am NOT a Touchy-Feely REALTOR® - So I Won't Try to Be!  Once again, I am not putting down anyone's image that they want to project.  What is important is that you project the image of who you really are.As for me, I know what I am NOT - I am not the warm and fuzzy REALTOR® … (0 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #5 - 12/18/07 08:06 AM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#5 - Why Would You Advertise Your Price?  I understand the mentality of those who feel as if they have to cut prices in order to get a share of the market . . but why?I don't want to get up on my soap box and start talking bad about discount brokers - this is not the purpose of this … (1 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #4 - 12/15/07 09:34 PM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#4 - How Many Different Ways Can You Say You Have Great Service?  Can I be honest with you...?  No, Lie to me! How  many times have you heard some variance on that line?  It is the same thing as when you promise great service.  Duh, who goes into business with the intention of offering awful service.  You better deliver … (3 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #3 - 12/15/07 09:27 PM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.#3 - Who Cares What Brand You Are? - I don'tI have been in the "Big Franchise" office and they harp the value they bring to the table with brand recognition.  Yeah, OK, so what.  Let the brand continue to market itself so that you can reap the rewards...but here we are talking about marketing yourself.  So the brand you … (1 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #2 - 12/15/07 10:58 AM
In my previous article of this series I emphasized the importance of a good business plan for 2008.  There are many great articles published here in ActiveRain on the topic of what to do.  This series is all about what to avoid.2 - Alphabet Soup:  Tip #Now PLEASE don't get me wrong, professional designations are important to grow as individual agents.There are many agents who have multiple designations following their name on all of their marketing material.  The truth is, most of the public really does not care.Now there are times when a designation will set you apart in a particular … (3 comments)

Fail to Plan then Plan to Fail: What to Avoid in your 2008 Marketing Plan - #1 - 12/15/07 10:41 AM
Well, I would be a fool if I thought this would be the first article you have read or even that I would have the last word on the topic of planning for your business in 2008.I have been working on my plan all month.  Defining what I have done right in 2007, where I can improve and most importantly (I HOPE) is where I can expand my business in the emerging marketplace that will be 2008.  I have posted a segment of how I try to define each niche that I am devoting my resources to, when I published Business … (3 comments)

Where Does NAR Stand on the "Do Not Call List"? - 12/13/07 08:37 AM
Earlier this month, The United States House of Representatives voted and passed a measure, The Doyle-Pickering bill, referred to as the Do-Not-Call Improvement Act of 2007 (H.R. 3541), that would make phone numbers a permanent addition to the "Do Not Call List", instead of the 5 year period numbers are currently registered for.  The matter is now pending in the U.S. Senate as Senate Bill 2096.The measure will eliminate the need for consumers from Hemet CA, or any where else in South West Riverside County, The Inland Empire or elsewhere in the country from having to renew their phone number every … (4 comments)

Short Sales: A Revised Strategy: Seller Documents - 12/10/07 12:51 PM
I have covered in previous blog articles numerous aspects of a short sale.  I have discussed it from the standing of the homeowner (seller), from the investor and even the ultimate homeowner (buyer).  I have discussed in great detail what an agent needs to know in order to successfully process a short sale.Today, I want to re-examine what I need from the seller to move forward in successfully marketing, negotiating and selling a Hemet property in a short sale situation.There is of course all of the standard listing agreement and disclosures that are mandatory for every California REALTOR® to complete on … (12 comments)

Jack, It's Time To Get Started - 12/09/07 12:15 PM
OK, Jack - You created your presence on ActiveRain.  Now I'll bet you wondering why you haven't gotten at least one new listing this week yet.  Well the answer to that question is easy!I shared with you in my last article, Welcome to ActiveRain: Lets Get Started a little bit about how I got started on ActiveRain and the benefits I have been blessed with as a result of my participation.What you got to do is do something - and it is not hard.  Set aside a small window of time.  15 minutes - maybe a half hour if you have … (12 comments)

Business Plan: Defining a Niche and a Plan to Work it - 12/09/07 11:20 AM
The holidays are here and many REALTORS® are in slow down mode, spending valuable time with family and loved ones.  Rightfully so, this time is well deserved and priceless as memories are created.However, in order to survive the Hemet, CA Real Estate market that we are in, that by everyone's expectations will only get worse in 2008 we have to figure out what we are going to do to survive.  I'm sure, I'm not the only one who receives emails soliciting my services to get into some other venture - using my REALTOR® skills and resources.  Well, if it's OK, I'm … (11 comments)

Do You Use a Thumb-Drive? - 12/08/07 11:55 PM
They sure seem to be a good idea.  They are lightweight, small, compact and most of all portable.  But let me ask you, is this a blessing or a curse?Yes, I have used a thumb drive for about a year, on a fairly regular basis.  It sure is a good way to keep the office laptop, office desktop and my home personal PC as close to synchronized as possible.Being a guy who does not like to carry a briefcase or other bag, I do not have a convenient place to store a thump-drive.  I have used my key chain...but the drive … (15 comments)

Now, Who is Helping Who? ... and a Few more Questions that need Answering... - 12/06/07 09:05 AM
We knew there would eventually be some sort of government intervention into the current housing situation in this country.  Just this week the Treasury Secretary, Harry Paulson, proposed a plan that would either freeze or fix the rates on adjustable rate mortgages (ARM).On the surface, this appears to be good for the country, right?  Or is it?  I am just a simple REALTOR® who wants to sell real estate for a living.  I do not pretend to be an economist or financial analyst, yet something does not smell right here.
The proposed program is being touted as helping the 4 to 7 … (6 comments)

Are You Ready to Be a Landlord? - 12/04/07 11:09 AM
In a previous article, So, you want to Invest in Real Estate but not sure about Finding Good Tenants... we discussed the challenges of finding a good tenant for your newly acquired Hemet, CA investment property.In this article, I want to examine the overall responsibilities of Property Management, so you will be able to decide if you are up to the task or is this a place to add a new team member to your roster.Successful Property Management is more than just finding a good tenant - it is about being a good landlord.  It keeps you involved in your property … (12 comments)

Pet Peeve & A Bit of a RANT: Out of Area REALTORS® and Lockboxes - 12/03/07 07:22 PM
This is a topic that has bothered me for some time, and this weekend I finally was pushed to the edge.I had a very busy weekend, working with two sets of investor buyers, writing a total of 4 offers.  (Check out my end-of-the-year strategy.) It seems like all I did was show property all weekend.  The second buyer, is a listing of mine, that I squeezed in Sunday morning after church and before my 1:00.  We looked at one property and wanted to see a second.  Had I had the time to respond to my mid morning meeting, I would have … (15 comments)

Pssst, Let Me Tell You How to Make a Million Bucks in Real Estate...the easy way! - 12/03/07 12:49 PM
Hopefully this headline made you mad - hopefully not mad enough to blow right past what I have to say, because the headline is a sham!That's right, there are no easy ways to make money in real estate.  It may be easy to learn if you are a quick study.  It may be able to duplicate, if you are well documented.  It may even be profitable if you do your homework and do it right...but let me share a little secret about real estate investing...there are no guarantees and there are no golden roads to riches.There are so many "Guru's" populating … (7 comments)

So, you want to Invest in Real Estate but not sure about Finding Good Tenants... - 12/03/07 10:45 AM
Yesterday I was out with a client who is looking to buy up 2 or 3 properties before the end of the year, utilizing the strategy I outlined in my recent article, By Far, Today is the VERY BEST DAY of the Year To Sell Real Estate!
The big question my client has regards the proper finding of tenants - especially since my office does not do property management, and other than listing the property for lease in the MLS - we do not get involved in the day-to-day property management operations. (yet)
We discussed how this generation of parents is more involved … (2 comments)

When Do You Walk Away...and When Do Your Run? - 12/02/07 12:10 PM
Real Estate investing in Hemet CA has many excellent opportunities for the seasoned real estate investor as well as the first time investor...and even the first time homebuyer.
The Hemet market values are rapidly approaching the bottom.  I say this, because I am constantly now seeing deals that will have a positive cash flow with a 20% down - which most real estate loans will require, in today's lending world.Now, please, don't misunderstand what I just said, the values are approaching bottom - not the market itself.  I agree with every other analyst out there - 2008 will definitely see a huge … (12 comments)

By Far, Today is the VERY BEST DAY of the Year To Sell Real Estate! - 12/01/07 12:36 PM
Bold statement, let me back it up short and sweet.
December 1st - write your offer to the banks (REO foreclosures & Short Sales) that your offer is contingent on closing on or before 12/31/07.
This is the banks last chance to get excess inventory of the books...
So quit blogging and get out and sell some real estate - my buyers are meeting me in an hour, gotta go!
Until Next Time, Have a Blessed Day,John Occhi, Hemet CA REALTOR®Mission Grove Realty
… (10 comments)

 
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John Occhi, ePRO, Temecula - Murrieta CA Real Estate, 951-443-6259

Murrieta, CA

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