investor: How to Buy a Short Sale House - San Jacinto, CA - 10/11/09 02:09 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 … (1 comments)

investor: Critical Mistakes for the Investor to Avoid: The Loan - 08/19/07 10:49 AM
Critical Mistakes for the Investor to Avoid: The Loanby John Occhi REALTORRealtor Consultant to Foreclosure Investors
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Many real estate investment mistakes can be avoided all together if the investor simply compares apples to apples when considering different loans.
I know, it sounds obvious, but sometimes I think loan packages are as confusing as buying a mattress. You know, you have seen the news expose on the mattress industry where a manufacturer will produce the exact same mattress and sell it under a different model name to each of … (3 comments)

investor: Critical Mistakes for the Investor to Avoid: Down Payment - 08/19/07 07:58 AM
Critical Mistakes for the Investor to Avoid: Down Paymentby John Occhi REALTORRealtor Consultant to Foreclosure Investors
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When an Investor is looking to purchase Investment property there are many different factors to be considered in every transaction - especially true if we need to make sure there is a positive cash flow every month.One such critical decision that must be reached before the offer to purchase real estate can be consummated is the buyer must determine how much of a down payment he (or she) will be putting into … (2 comments)

investor: Investor Mistakes that Can Really Bite: Interest Rate - 08/19/07 03:45 AM
Investor Mistakes that Can Really Bite:   Interest Rateby John Occhi REALTORRealtor Consultant to Foreclosure Investors View More Articles on Investor Mistakes That Can Really Bit by Clicking Here
Minor mistakes can often make or break an otherwise great real estate investment deal.  There are some very subtle differences in the way an investment deal is packaged that can have a ripple effect and can literally either cost or save you thousands of dollars over the lifetime of the particular deal.  Conduct each real estate investment deal the same as the one before it and you will multiply either the savings or … (2 comments)

investor: Investor Mistakes that Can Really Bite - Contractor's Fees - 07/23/07 11:20 AM
Investor Mistakes that Can Really Bite - Contractor's Feesby John Occhi REALTORRealtor Consultant to Foreclosure Investors
View More Articles on Investor Mistakes That Can Really Bit by Clicking Here Don't get me wrong, contractors earn their money, especially if you negotiate fairly and have a clear understanding of what will be done with what materials and how much you will pay.
The problem that I have fallen victim of and seen on many occasions is allowing a contractor to be paid in full before the job is done. I don't know what it is about these guys, but they always seem to … (1 comments)

investor: Investor Mistakes that Can Really Bite – Tenant Screening - 07/23/07 04:07 AM
Investor Mistakes that Can Really Bite – Tenant Screening by John Occhi REALTOR Realtor Consultant to Foreclosure Investors
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If you are going to invest in real estate you are going to have to deal with a tenant – sooner or later. Even in your perfect business model of flipping properties, every now and then you are going to get stuck holding the bag longer than you wanted to and the only way out will be to rent the place.Perhaps the deal is such a good one that you … (9 comments)

investor: Investor Mistakes that Can Really Bite - Tenants - 07/19/07 07:34 PM
Investor Mistakes that Can Really Bite - Tenantsby John Occhi REALTORRealtor Consultant to Foreclosure Investors
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All Real Estate Investing boils down to one of two strategies. Granted, their are many subsets of each real estate investment strategy - but every investment is either a "Buy and Sell" investment scenario or a "Buy and Hold" your real estate situation. What else can there possibly be?
I prefer my involvement to focus on the quick cash flow "buy and sell" strategy - or flipping as it is often called. Flipping will … (4 comments)

investor: Investor Mistakes that Can Really Bite - Contractors - 07/19/07 07:01 PM
Investor Mistakes that Can Really Bite - Contractorsby John Occhi REALTORRealtor Consultant to Foreclosure Investors
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I thought I would start a series of articles that if they only help one real estate Investor or just one Hemet homeowner than I will be satisfied. The series will document mistakes that I have made and mistakes that I have seen my Real Estate Investor clients make when purchasing real estate in Hemet California and other parts of the state as well.
This first article is inspired by a recent event that … (8 comments)

investor: What Can Go Wrong When Investing in Short Sales - 07/16/07 04:36 PM
What Can Go Wrong When Investing in Short Salesby John Occhi, Hemet CA REALTOR Mission Grove Realty
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There are many opportunities for Real Estate Investors today and it seems like the latest buzz word is SHORT SALE. There are a several very good reasons for this. 1) They are in abundance: Just about every street in Hemet and the rest of Southern California either has had a short sale, has a short sale in progress or will have one in the next year. Not only are they abundant today, … (4 comments)

investor: What about a Short Sale Package? - 07/07/07 10:40 AM
What about a Short Sale Package? by John Occhi REALTOR Realtor Consultant to Foreclosure Investors Every investor who wants to do short sales as a from of real estate investing knows that one of the very first steps is ordering the Short Sale package direct from the lender. Don't forget, when there is more than one lender, you need to order the short sale package from both lenders.
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 respect … (19 comments)

investor: What Do You Really Know...When You are in Foreclosure, Part 3 - 07/07/07 09:11 AM
What Do You Really Know...When You are in Foreclosure, Part 3by John Occhi REALTOR   Realtor Consultant to Foreclosure Investors   I just posted an article that I wrote addressing some of the issues that homeowners face once they are in foreclosure.  Most of what a typical distressed homeowner believes is just a myth - passed on from one uninformed do-gooder to another and soon the myth is believed to be a fact (Heck, Bill Clinton got away with it for 8 years).  After the first article, I knew there was still more half-truths floating around, so I finished the first article with … (3 comments)

investor: What Do You Really Know...When You are in Foreclosure, Part 2 - 07/07/07 06:44 AM
What Do You Really Know...When You are in Foreclosure, Part 2   by John Occhi REALTOR   Realtor Consultant to Foreclosure Investors   I just posted an article that I wrote to diminish some of the myths that homeowners hear all the time - often form those with good intentions but often form those who are misinformed, telling half-truths or repeating out dated information.  Some times the information comes from those we would normally feel comfortable with in seeking advise - you know family members, neighbors and co-workers and then sometimes the lies are spread by devious individuals looking to capitalize on your unfortunate … (0 comments)

investor: What Do You Really Know...When You are in Foreclosure Part 1 - 07/07/07 03:46 AM
What Do You Really Know...When You are in Foreclosure   by John Occhi REALTOR   Realtor Consultant to Foreclosure Investors   The more I talk with homeowners facing foreclosure the more I know that there is a huge amount of misinformation being circulated (which is the entire reason for my blog - to set the record straight).
Homeowners who are falling behind in their payments are constantly feeling the pressure and stress of a pending doom - known in our society as FORECLOSURE.  The problem is that most of the ‘information' being circulated is coming from people who really haven't got a clue but … (0 comments)

investor: What Factors will Influence a Lender to Accept a Short Sale - 07/03/07 07:28 AM
What Factors will Influence a Lender to Accept a Short Saleby John Occhi REALTORRealtor Consultant to Foreclosure Investors
When working a short sale, typically one of the first contacts you will have with the mortgage lender will be when you present your short sell package.  The package has to be complete and thorough and most importantly it must compel the lender to accept your short sale offer.The mortgage lender must be able to satisfy them selves that this is in the best interest of the bank.  The short sale package must answer several critical questions from the lenders perspective:The concerns that the … (2 comments)

investor: When is Flipping Illegal? - 07/02/07 07:20 PM
When is Flipping Illegal?   by John Occhi REALTOR   Realtor Consultant to Foreclosure Investors  
The press can be such a pain in the rear end - all they want to do is sell newspapers and commercials on the networks.  This is why they are constantly on the look-out for any story they can twist and get people excited about nothing.  In my opinion, this is how they are helping to ruin the real estate perception - especially the perception of the big bad ugly real estate investors.
The press is constantly looking to report negative news about real estate.  It seems like they … (7 comments)

investor: Investors Crossword Puzzel and More Games - 07/02/07 06:30 PM
I was surfing the net on Google and found a really cool page - Investor Crossword 3: Financial acronyms and abbreviations.  I guess there are more out there - but his one is enough to get my brain gong at this hour.  In anay event I wanted to share this with everyone - see how smart we all really are...Don't worry, you don't have to tell how you did.
I dug a little deeper and the site has all sorts of fun games and quizzes about investing - in general - that I though everyone who ever called themselves an investor should … (2 comments)

investor: Loss Mitigator - The Critical Link to a Successful Short Sale - 07/01/07 06:01 PM
Loss Mitigator - The Critical Link to a Successful Short Saleby John Occhi REALTORRealtor Consultant to Foreclosure Investors
If you are going to be a successful Short Sale investor then the most important relationship you can develop is not with the homeowner or the REALTOR representing them - although both are critical.  No, you have to learn how to get along with the Loss Mitigator employed by the mortgage lender holding the delinquent note.  Not only do you have to get along with them, you have to get into their head and understand their strengths and weaknesses - similar to a chess … (5 comments)

investor: Investor Abbreviations - 07/01/07 05:02 PM
Investor Abbreviationsby John Occhi REALTORRealtor Consultant to Foreclosure Investors
Every industry has its own language.  Doctors talk medicine.  Lawyers talk law.  Construction workers talk construction.  Every other industry has its own set of terms that are unique - often separating the novice form the professional, or even better separating the professional from the general public.  I for one believe it is designed that way
Real Estate investing is no different.
In real estate investing there are many terms that are referred to by initials.  We all know some of the simple stuff, like ROI or "Return on Investment" and then there is FSBO which … (5 comments)

 
John Occhi, ePRO, Five Star Certified, Riverside Cnty REO Expert, 951.443.6259 (Excellence in Real Estate Tm @ Allison James Estates & Homes)

John Occhi

ePRO, Five Star Certified, Riverside Cnty REO...

San Jacinto, CA

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Excellence in Real Estate Tm @ Allison James Estates & Homes

Address: 2281 W. Esplanade Ave., #102-B, Next to "Starbucks", San Jacinto, CA, 92582

Office: (951) 654-5550

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A Blog from local area resident and REALTOR® John Occhi on all topics of San Jacitno Real Esate ...including life in San Jacinto.


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