property: Private Money: What Happens When a Deal Goes Sideways?
- 11/05/12 09:39 AM
Private Money: What Happens When a Deal Goes Sideways? As a private money trust deed investor with the Retaja Group, Inc. you will have security in five areas that are paramount to the success of every deal we present to you for consideration of the investment of your hard earned money. · Equity Position in the Property: While every transaction is different, the trust deed lender will always have equity in the project. The greater the equity of the lender, the greater the risk and the greater the return. · Borrower Cash into the deal: The amount of cash a real … (0 comments)
property: Is the Sale of Probate Real Estate different from Traditional Sales?
- 07/19/12 02:17 AM
Is the Sale of Probate Real Estate different from Traditional Sales? The short answer is absolutely YES! The next question then is "How is the Sale of Probate Real Estate different from the sale of Traditional Real Estate?" In California, unless there is a trust in place, when someone dies that owns real property the estate is subject to certain legal requirements and regulations that we know as Probate. Of course, I am not an attorney nor am I providing you with legal advice - for that consult with your own attorney for details regarding your specific circumstances, or do you own due diligence and … (3 comments)
property: What Every Temecula Real Estate Cash Buyer Need to Know
- 06/20/12 12:54 AM
What Every Temecula Real Estate Cash Buyer Need to Know In todays volitile Temecula Real Estate Market, cash buyers may have the upper hand when it comes to negotiating a contract with a quick escrow, but there are still several important considerations that must be taken before rushing into a contract to purchase any real estate - whether it be for a primary residence or as an investment property. A huge advantage the cash buyer has is the lack of limitations imposed by lenders and the government through their loan guarantee programs. However, having the freedom to negotiate contracts without these … (2 comments)
The new listing for sale is just hitting the MLS today, and already there is excitement from the investor community. I have one savvy buyer looking for a great investment property who is looking to leverage her own resources with hard money, or as it is more commonly known today - as 'Private Money'.
The seller is a bank … (2 comments)
property: As the Market Changes...So Do I
- 04/02/10 07:12 AM
There is no doubt that the California Real Estate Market has seen some dramatic changes over the last few years.I started working with distressed real estate as early as 2006, when I did my first of several thousand BPO's that I now have under my belt. At the time, I recall being laughed at by a local agent - to my face - criticizing me for my lack of judgment and too busy chasing $50 at a time opposed to earning $5K or more in a real estate commission. I'm sure many more did the same behind my back. In March of … (13 comments)
property: California Prop 13 is Under Attack
- 01/09/10 05:31 PM
On June 6th, 1978, nearly two-thirds of California's voters passed Proposition 13, reducing property taxes by about 57%.This was revolutionary in the way property tax has been assessed in this country. No longer would California property taxes be subject to an assessment based on market value but now all California property owners can budget their property taxes based on an assessed value computed from the purchase price.Today, the opponents of Prop 13 are trying to figure out how to replace the current system with one reminiscent to the dated model of over 30 years ago, and bringing back many of the … (9 comments)
property: CA Property Taxes May Fall Next Year
- 01/03/10 06:03 PM
California Property Taxes are such a unique animal to the world of property tax and we have Prop 13 to pass for this - legislation that was passed back in the 1970's.Under the law, the MOST the assessed value can increase is 2% per year, based on inflation...but guess what, the same legislation also allows for decreases, based on deflation.If you have real estate in the Hemet - San Jacinto CA Valley you should take a look at this post and let me know what you think...
Due to deflation it is expected that most Californians will see their property … (2 comments)
property: Hemet - San Jacinto CA Short Sale: What is a Short Sale Package?
- 12/09/09 12:10 PM
When a local Hemet - San Jacinto CA REALTOR meets with a local homeowner to discuss selling the home as a short sale, the topic of conversation turns to the documentation that the seller will have to produce to establish the fact that they can no longer afford to keep the home. I often tell the homeowner it is as if they are un-qualifying for a home loan. Each lender has their own formats of how they want the package submitted for their review and ultimate approval. Yes, you will find similarities between various lenders - but you must understand and … (4 comments)
property: Not All Short Sales Are Created Equal
- 12/07/09 06:09 AM
Short Sales: Keys to SuccessShort Sales have certainly changed the real estate landscape in the Hemet - San Jacinto Valley, CA over the last several months.I first started listing Short Sale listings in the MLS in the Spring of 2007, in the local Hemet - San Jacinto Valley, CA area. At the time, short sales were few and far between as the masses were still speculating if there was a housing bubble or not.Since then, I have learned there are four key elements that further the odds of a successful Short Sale listing, in the MLS.SELECTION: While there are many homes … (1 comments)
property: Setting and Collecting Rent
- 12/05/09 09:24 AM
As an REO Listing Agent in the Hemet - San Jacinto Valley, CA I have the opportunity to work with many investor clients. Many are interested in buying and holding property today, rather than the quick flip.The problem I have is I do not do Property Management, nor do I have a Property Manager that I feel comfortable referring my clients to.Well, form now on, they will all be asked to read this blog.
Rental income is the lifeblood of the landlord’s business. If the mechanisms are not put in place to bring in the right amount at the right … (0 comments)
property: San Jacinto, CA: Market Snapshot - 3 Bedroom 2 Baths
- 11/07/09 05:00 PM
The San Jacinto, CA Real Estate market is very similar to every other local real estate market in the country - it is local and has it's own unique nuances.In this Market Snapshot I am going to examine the market for 3 Bedroom 2 Bath Single Family Residential homes, across the entire city of San Jacinto and cover current statistical data and looking at sales in the city, spanning the last 90 days, only.QUANTITYACTIVE - Currently there are 57 ACTIVE real estate listings in San Jacinto that range in size from 924 square feet to 2,481 sq feet with an average … (0 comments)
property: market report: San Jacinto, CA | 8/21/2009 - 9/20/2009 | REO Sales and The Market
- 10/19/09 11:49 AM
The Hemet - San Jacinto, CA real estate market has remained flat as the summer buying season came to an end. This report wants to look back from the period covering August 21st through September 20th, 2009. In particular we will look exclusively at the impact that bank owned homes have had on the market and how each of the four dominant finance types have an effect on the bank owned real estate transactions.The four finance types, of course, are: Cash, Conventional - typically requiring 25% cash down by the borrower / investor, FHA which is predominately the first time home … (1 comments)
property: market report UPDATE - San Jacinto CA Real Estate Data
- 10/17/09 03:57 AM
The Hemet San Jacinto, CA Real Estate Market has continued to remain flat. It is unfortunate that I have fallen behind in my detailed market report, looking at the numbers like only I do - trying to make sense of what the numbers actually mean and how they relate to each individual buyer or seller.At the end of this report are links to several series of article that I have been publishing each month, breaking the real estate market numbers down for San Jacinto CA This is a very complex process that takes hours...and even days to compile.On the other hand, … (1 comments)
property: How to Buy a Short Sale House - Hemet, CA
- 10/11/09 05:32 PM
It is true that the Active Listings in the MLS are dominated by Short Sales listings these days and on the surface they appear to be some really great deals. However, just like your Highs School Prom Queen, looks can be deceiving (my apologies to all the H.S. Prom Queens who read this...and their Kings...and the rest of the Court, as well). Short Sale homes are typically are a better buying decision for an investor looking for investment property than for a first time homebuyer. It still continues to amaze me when a first time homebuyer that is in a rush … (11 comments)
San Diego Real Estate - Demand for VA loans is on the rise in San Diego. For a lot of years, the VA loans had such a low loan limit, they didn't work too well for most homes or even condominiums here in San Diego.This past year, with significant higher loan amounts of up to $593,750,the new … (0 comments)
property: 10 Steps to Buying Your First Investment Real Estate Home
- 09/15/09 07:37 PM
Successful investors always have a plan. They have a strategy for getting into a property and they will have multiple strategies for getting out of a investment property.I offer a blueprint to success in real estate investing...1) Know what is Important to you in your life. I'm not just talking money - life itself has value - what is it that makes you tick. Figure this out and if real estate investing is not for you, then it's not for you.2) Clean Up Your Act - If you have issues with credit, taxes, ex-spouses - anything that disrupts your life or … (0 comments)
property: The Hemet - San Jacinto Real Estate Market is Red Hot - Shout Out to Hilary Wilkinson
- 09/15/09 03:42 AM
Real Estate in the Southern California bedroom communities of the Hemet - San Jacinto Valley has been red hot all year long. The community in South West Riverside County region of the Inland Empire have been dominated by Short Sale Listings and Bank Owned Sales for the entire year. It is not uncommon that once a home for sale is listed on the MLS that offers start to come in within 24 hours. Although the exception and not the rule, as an REO Listing Agent I am no longer surprised when I see offers come in on my listings in less … (2 comments)
property: SAN JACINTO, CA MARKET REPORT | 7/21/2009 - 8/20/2009 | Financing Types
- 09/13/09 12:29 PM
In the previous article in this series we took a general look at the AVERAGE HOME that sold In San Jacinto, CA during the period of July 21st, 2009 through August 20th, 2009. We learned that there were a total of 110 homes that were sold and closed escrow for an average sale price of $130,834.In this section of the Market Report for both the combined 92582 and 92583 zip codes we will look at the data as it relates to the type of financing used to buy the properties that were for sale.This information is to be considered useful, but … (0 comments)
property: Fix and Flip Investor Mistakes
- 09/02/09 02:45 PM
I truly have been blessed as a real estate agent living and working in my local market - the Hemet - San Jacinto Valley in South West Riverside County region of the Inland Empire in Southern California. For over 2 solid years know I have earned my entire income as a direct result of listing and selling bank owned homes (REO as referred to in real estate circles), here in the Hemet San Jacinto Valley.Because of my good fortune, I have had the opportunity to meet and work with some really great investors that I have been able to learn from … (6 comments)
property: BPO - A Question Answered
- 11/29/08 02:17 PM
My last blog post, 500 BPO's and I'm Still Learning, was actually meant for the REO GROUP on LinkedIn that I administer - unfortunatley LinkedIn only allowes 2000 characters per 'Discussion' post, so I posted the entire article here on my ActiveRain Blog.(if you would like to join the REO GROUP at the LinkedIn Social Networking site, just visit the link and send me a request, throough the LinkedIn system. It would be nice if you let me know how you found the group.) I received a rather lengthy reply from a out-of-state investor that I have worked with in the … (6 comments)
Private Money: What Happens When a Deal Goes Sideways?
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