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Arji Rashidi's Blog

By Arji Rashidi | Broker in 92027
  • Finding Real Estate Deals as an Investor in San Diego

    Posted Under: General Area in San Diego, Market Conditions in San Diego, Home Buying in San Diego  |  February 4, 2011 12:02 PM  |  463 views  |  No comments

    I cannot tell you how many times I meet a new investor that says, "send me all your deals," and I will take a look at them.  I must have stupid written on my forehead.. Any good realtor knows that there is nothing stopping that investor from going directly to the agent listing the property and writing an offer through them.  So, how do you protect yourself but also encourage investors to work with you?

    To read the full article about how Investors can find real estate deals in San Diego click the link

  • 'Tis The Season To Sell Your Home

    Posted Under: Home Selling  |  November 23, 2010 8:24 AM  |  232 views  |  No comments

    Every year the holidays seem to roll around so quickly, and before you know it, Christmas is here. With so many events to plan and attend, gifts to buy, and errands to run, if you've got selling your home on your "To-Do" list, then you've definitely got your plate full! Since this Thanksgiving week officially marks the beginning of the holiday season, I thought I would share some tips on selling and staging your home over the holidays. Continue reading article and find out more
  • Free Down Payment Assistance in San Diego County Available Now!

    Posted Under: Home Buying in San Diego County, Financing in San Diego County  |  November 9, 2010 1:35 PM  |  391 views  |  No comments

    Since interest rates have been so attractively low, a lot of buyers may be considering a home purchase. Unfortunately, many people have not been able to take advantage of the phenomenal rates lenders are offering because they do not have the cash available for the down payments.

    Fortunately, in San Diego County, government entities are providing grants and funding for various different down payment scenarios. Following are some of the great programs available for down payment assistance....

    Please click here to visit my website for the full article and information on getting down payment assistance to buy your next home

  • FHA Changes with Mortgage Insurance - Here is the start date

    Posted Under: Home Buying in San Diego  |  August 9, 2010 9:45 AM  |  306 views  |  1 comment
    A few weeks ago I wrote a post of Changes to FHA with their MI (mortgage insurance) rates.  These changes will now officially take place after Sept 7, 2010.  

    Taken from my post on FHA changes:

    "Congress just passed a new bill allowing FHA to increase their monthly mortgage insurance (MI) rate for new home buyers on all FHA Loans.  The previous MI rate depending on your monthly mortgage insurance premium was either .5% or .55% which has now been raised to 1.5% "


    Continue reading article and find out more about these changes
  • Even With the Recent FHA Changes, FHA is Still the Best, and Here is Why!

    Posted Under: Home Buying in San Diego  |  July 29, 2010 9:42 AM  |  298 views  |  1 comment
    I recently blogged about some changes FHA was making, how they are making some areas tougher for the home owner.  With these changes however, FHA still offers what no one else does when it comes to being able to purchase a home:

    -Low down payments - you only need a 3.5% down payment

    -Mortgage Insurance is more dependent then Conventional loans, and has the most reasonable underwriting

    -High loan limits have been extended to $729,750  (still with only needing 3.5% down!)


    Find out more benefits of FHA, or search for a home now!
  • Closing Cost Assistance Grant for San Diego!

    Posted Under: Home Buying in San Diego  |  July 27, 2010 9:32 AM  |  383 views  |  No comments
    The San Diego Housing Commission has many great programs available for homebuyer's in San Diego.   One of these great programs is the Closing Cost Assistance Grant Program.  This is a recoverable grant  offered to help pay the homebuyer's closing costs not paid through concessions or other subsidies.

    -This grant totals up to 4% of the purchase price (currently a maximum of $451,250) but does not exceed $15000. (Does not exceed $10,000 if buyer's earnings are higher then 80% or area median income.)

    -The grant must be paid back, with 5% interest, if home is sold, refinanced, or not owner occupied within first 6 years.   So it is best to use this grant if you plan on staying in your home long term.  

    - This grant can be used with the MCC program I recently blogged about also offered by the San Diego Housing Commission.

    Continure reading article and find out how you qualify for this program!
  • Looking to Buy a Home in San Diego? Here is a Tax Credit Only Offered In San Diego That You Should Really Check Out!

    Posted Under: Home Buying in San Diego  |  July 21, 2010 10:13 AM  |  352 views  |  No comments
    Heard of the San Diego Housing Commission MCC Program?   This program is designed to help homeowners to more easily afford their mortgage with the assistance of government tax credits.  Through this program you will become entitled to take a federal income tax credit equal to either 15% or 20% of the mortgage interest on the loan.  This effects just your federal taxes and not state.  
    In using this program it will be arranged with your employer to withhold less taxes from your pay, thereby increasing your take-home pay which will then allow you to have more money accessible to pay your mortgage.  This MCC program is a direct tax credit which you are able to take in addition to the mortgage interest deduction available to all homeowners who make mortgage payments.

    Here is an example of how this Program works:

    Continue reading and Find out more about this great program!
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