real estate: 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)
real estate: A Blogger of Two Cities - Hemet & San Jacinto, CA
- 10/11/09 11:04 AM
Today I reached a fairly amazing milestone in my blogging history - I posted my 500th blog post to my first and primary blog on ActiveRain.I have lived in Hemet, since 1998 and just moved 5 miles north in the Hemet - San Jacinto Valley in July of this year, from the unincorporated rural area known as Valle Vista into a tract home in the city of San Jacinto.Two months earlier, I moved my office from my home into a retail center, the San Jacinto Retail Center, anchored by Fresh and Easy, Jack in the Box, The Bull Pen Sports Bar … (0 comments)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bit by Clicking Here 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)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bite by Clicking Here 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)
real estate: 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)
real estate: <> CAUTION: GRAPHIC PHOTOS Dream Home or Nightmare?
- 07/30/07 06:33 PM
Dream Home or Nightmare?by John Occhi, Hemet REALTORMission Grove RealtyWorking with a lot of Short Sale and REO properties there is always the risk of a health hazard when entering a vacant home for the first time. You just never know what you might find.
Have you ever opened a refrigerator in July after the electricity has been turned off for a week? How about if it was stocked with opened dairy products? Maybe a few meat products? Some decaying vegetation of some sort? Not to mention all the fuzzy green and white stuff that seems to be growing everywhere...? If you … (10 comments)
real estate: 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)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bit by Clicking Here 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)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bit by Clicking Here
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)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bit by Clicking Here 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)
real estate: 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 View More Articles on Investor Mistakes That Can Really Bit by Clicking Here 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)
real estate: 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)
real estate: 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)
real estate: 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)
real estate: 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)
real estate: 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)
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).
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