or What is Prop 13, Prop 8, Prop 60 and Prop 90?
by John Occhi, REALTOR®, SRES®, CPRES®, ePRO®
March 3, 2014
Real Estate values have increased significantly across the Temecula Murrieta Valley and as a result property taxes will be going up, since many homeowners benefited from a Temporary Reduction in Value under the provisions of Prop 8.
As a result of the increase in equity, many homeowners age 55+ will want to sell the homes they’ve been in for numerous years, cashing out and downsizing to a smaller more comfortable and manageable residence, enjoying … (1 comments)

real estate: Senior Home Buyers - Save Their Property Tax Base in Riverside County - 08/21/13 02:08 AM
Senior Home Buyers - Save Their Property Tax Base in Riverside County
by John Occhi
Riverside County Board of Supervisors took a big step yesterday (August 20, 2013) in attracting Senior Home Buyers to relocate to Riverside County by enacting Props 90 & 110 which allows the Sr. Citizen (age 55 plus) to transfer their "factored base year assessments" to a home in Riverside County an pay the taxes at the assessed value of the old real estate.
This has always been the case for a Senior selling a home in Riverside County and buying another here in the county.  Now, … (1 comments)

real estate: 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)

real estate: Private Money: Why Use a Broker When You Can Find Your Own Borrower? - 10/31/12 02:35 AM
The first question many investors first ask themselves, once they consider becoming a Private Money Trust Deed Investor, is "Why do I need a broker?".  Another popular version of the same question is, "I just want to loan my money to a friend or family member, so why do I need a broker?”
Hey, I get it.  We all like to save money in a variety of different ways, and cutting out the middle man in a financial transaction may seem appealing.  The problem is that when you're lending significant money to anyone, it’s a bit more complicated than a handshake … (5 comments)

real estate: How to Invest in Real Estate & Keep Your Hands Clean at the Same Time - 10/29/12 10:55 AM
Many ordinary people with money to invest are tired of the traditional options available to them in this day and age of ridiculously low interest rates and would love to invest in real estate but for some reason or another lack the time, the confidence or skill to move forward.
At The Retaja Group our clients not only buy real estate as tools of achieving their financial goals they loan other investors the money to buy investment real estate as private money lenders - and they do it without ever having to lift a pain brush!  
This often overlooked vehicle … (0 comments)

real estate: HOW TO PLAN AN “ESTATE SALE” - 08/23/12 01:14 AM
 As a Certified Probate Real Estate Specialist (CPRES) I frequently become involved with families who just have no idea of what to do or how involved it is to liquidate the personal property of their recently departed loved one.  In my last article, I took some time to explain what an Estate Sale actually is and how it is different from a Yard Sale or Garage Sale.  I went into some detail as to why a third party may be conducting the sale and perhaps most importantly I shared some insight as to how the family may … (0 comments)

real estate: WHAT IS AN “ESTATE SALE”? - 08/22/12 05:36 AM
As a Certified Probate Real Estate Specialist (CPRES) specializing in the sale of Probate Real Estate, it is not uncommon to witness the survivors of a loved one make decisions that they would not normally consider under other circumstances.  I know… I’ve done it myself, and still want to kick myself when I think about how foolish I was. (Actually, I have other words to describe myself in the months that followed the passing of my wife that come to mind, but I’ll remain professional here.)  More often than not, the closer we were to the … (5 comments)

real estate: 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)

real estate: ACT NOW: Perris Real Estate Investor Special $100K | ARV $150K+ - 07/11/12 02:09 AM
ACT NOW:  Perris Real Estate Investor Special $100K | ARV $150K+
Good Morning...
Yesterday I took an important step in creating a list that I can blast when I have something important to share...such as this listing.  If you are reading this blog post because of my letter....Thank-You...If you are a regular reader or a new one...Thank-you as well.
So lets cut to the chase...
I have a home for sale, under contract at XXXX Remberance Dr., Perris, CA 92571.  Below are the specifics:
List Price:  $100,00Square Foot: 1,749Year Built:  1990Lot size:  3,484Bedrooms:  4*Baths:  2.5 Garage:  2 Car Attached with Newer Garage … (0 comments)

real estate: Southwest Riverside County Market Update: May 2012 - 06/27/12 02:38 AM
SOUTHWEST RIVERSIDE COUNTY MARKET UPDATE:  MAY 2012 The Temecula real estate market has been a topic of heated conversation over the last 5 years as we have seen prices plummet to it cyclical low point in February 2009. As we continue to watch it climb – now reaching 27.3% above that low point, across California.
Today, Leslie Appleton Young and the California Association of Realtors (CAR) released a video market report that I found interesting enough to share the details with my readers while I try and compare some of the statewide data with my own local research of the Murrieta – … (0 comments)

real estate: 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)

real estate: Probate and the Tax Professional - 06/19/12 12:36 AM
Probate and the Tax Professional
Once again, I find myself disclosing why you should read this series of articles with the understanding that this is not to be considered either Legal or Accounting Advice as I am but a mere mortal REALTOR who has earned the Certified Probate Real Estate Specialist (CPRES) designation and am only qualified to assist with the sale of real estate.  Fortunately, I am qualified to help with all matters of real estate while in the probate process.  This series of articles is intended to be nothing more than a brief overview of what can be expected and … (2 comments)

real estate: Reading a Property Profile / Preliminary Title Report in Temecula - 06/06/12 09:55 AM
Reading a Property Profile / Preliminary Title Report in Temecula
Any Investor or potential home buyer of Temecula real estate should become familiar with the Property Profile and Preliminary Title Report (PTR) to avoid problems prior to closing escrow when purchasing a new home.
The Property Profile is readily available as a quick download when using the MLS or Title Company portal.  Our local MLS has a link, through the APN number for a service known as ReaList. Every REALTOR worth their salt has access to both ReaList and at least one Title Company portal.  In many cases much of the … (0 comments)

real estate: Temecula Real Estate: What is Probate? - 06/05/12 11:13 PM
Temecula Real Estate:  What is Probate?
When searching the MLS for Temecula Real Estate, the searcher will occasionally find Probate Listings and often become confused as to what this status actually means.  Many times, the home shopper will ask their REALTOR about the Probate process, only to have the question dodged and a discouraging reply, such as, “It’s a long, complicated and unpredictable process with an uncertain outcome that must be approved by the court.”  Sadly, the home is then overlooked and more traditional listings are then pursued.
Probate, by its very definition is a legal process that oversees the settlement … (2 comments)

real estate: CPRES - Certified Probate Real Estate Specialist - Southern California - 05/17/12 06:06 AM
Certified Probate Real Estate Specialist (C.P.R.E.S.) - Serving Southern California  

Throughout Southern California the number of Probate filings in the local courts appear to be endless.  Probate is a complicated process that carries significant consequences.  Executors and Administrators are required to have the knowledgeable resources available to assist in the facilitation of the marketing and sale of the real estate.  The courts, of course, want to ensure the transaction is handled efficiently and with integrity.
Certified Probate Real Estate Specialists have been specially trained by US Probates Services on the process of selling real estate through the probate process.  Probate … (8 comments)

real estate: How I Organized My Real Estate Office Search - 04/06/12 04:33 AM
In my prior blog post, I set out on the goal of finding a new real estate office in the Temecula – Murrieta Valley, to hang my California Real Estate license.  It has been two years since I have actively sold real estate – so it is important that I find the right office to help nurture me back onto the path of success in real estate.
I shared some general thoughts on what I am looking for,  Now that I have visited my first office I know I need to get myself a little better organized – similar to the … (1 comments)

real estate: What's Going on Temecula Real Estate? - 03/29/12 05:30 AM
What’s going On?
Well, it has been a while since I have been active in either real estate or blogging on ActiveRain.  Many of you know, and have wished me well in the past, that I lost my wife to cancer on December 10, 2010. 
For the 8 months leading up to her passing and for the year following, I was not at all active in Real Estate.  However, I have decided it’s time to get back on the horse and get back to the professional passion that has driven me for years.
The question is – where do I go … (3 comments)

real estate: Market Conditions - What do the Numbers Really Mean? - 10/25/11 03:52 AM
I learned a long time ago the Figures Never Lie, but Liars Always Figure.  So when I read reports that rely heavy on figures I always wnt to get to the bottom line and 'figure' out what is really going on - especially when it has to do with real estate.
Recently, 'they' (in this case the California Building Industry Association) announced that start-up housing was up 10% - whooo hooo, now that is a reason to celebrate if you can accept it at face value.  But lets take a closer look at what 'they' may be trying to sweep under the … (1 comments)

real estate: Hello, Again... or Back in the Saddle Again! - 04/13/11 04:24 AM
It has been over a year since I last posted anything to ActiveRain.  I feel as if it is time to bring my friends and readers up to date with my life and business.2010 Was a Very Hard YearFirst, my succesful REO listing agent business got the rug pulled out from under me.   I have to take full responsibility - but all I can say is be careful when you are relying on other people - because they can get your wrist slapped pretty hard.  Perhaps I'll share more about my mistakes at a later time...hoping others can avoid my costly … (5 comments)

real estate: 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)

John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate (Mason Real Estate)

John Occhi

SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Temecula, CA

More about me…

Mason Real Estate

Address: 30520 Rancho California Rd., #107, Temecula, CA, 92591

Mobile: (951) 443-6259

Email Me




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