Steve Larson

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Steve Larson, in San Jose
  • 25 Answers
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About Me
Steve Larson Direct, Inc offers full financial services including mortgage loans , financial planning, and tax related services.

Web: http://www.SLarson.com Email: Steve@SLarson.com

Disclaimer:
While we have attempted to provide accurate information on this site, no representation is made or warranty given as to the completeness or accuracy of the information provided. In particular, you should be aware that the information may be incomplete, may contain errors or may have become dated. You should verify any information obtained from this site before you make any use of it. All content and information is provided on an "as is" basis. Steve Larson & Steve Larson Direct, Inc. makes no warranty that this information will meet your needs or the use of this information will be accurate or reliable. On no event shall Steve Larson & Steve Larson Direct, Inc be liable for any damages suffered or injury caused, including any direct, indirect, incidental, special or consequential damages or damages for loss of profits, property, revenue, data or use, incurred by you or any third party, whether in an action in contract or tort, arising from your access to, or use of, this information from this or any relay site, or from your reliance on any information provided, even if Steve Larson & Steve Larson Direct, Inc. and/or its affiliates have been advised of the possibility of such damages. Steve Larson & Steve Larson Direct, Inc. will not be liable for any damages or injury caused by, including but not limited to, any error or omission.
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Steve Larson's Questions (0)
Steve Larson's Answers (25)
Mel, Home Buyer in Los Gatos

Is this a good time to buy rental/investment property in the bay area and where should it be?

Asked Wed Jan 16 2008, 13:40 by Mel  -  California  -  Home Buying  -  7 answers
Steve Larson answered:
In recent years, I have seen clients buy property all across the nation in these so called hot spots or investor havens. Only to find out the nightmare of management (even with a property manager) is not worth the risk for the expected cash flow. While the purchase prices in the low $100K to $200K range seem attractive, they are that low for a reason. And now that more people are suffering from the turndown in prices, these properties generate large losses for outside investors.

San Jose is still rated as one of the top growth areas for rental income. And true investment properties (2+ units) have not suffered the same losses associated with under qualified buyers and spec flippers.

Avoid soft areas, single family homes, and condo's for the time being. You can find a quality long term investment in most of the bay area.

Let me know if you would like to discuss further and complete your approval process. - Fri Jan 18 2008, 12:30
FirstTimer, Home Buyer in Santa Clara

Is a 3 BR / 2 BA for $500,000 realistic in Santa Clara County?

Asked Wed Jan 16 2008, 14:57 by FirstTimer  -  Santa Clara  -  Home Buying  -  6 answers
Steve Larson answered:
With a salary of $145,000 you can most likely qualify and afford more than $500K depending on your other debts, down payment & credit scenario.

Consider this Scenario:

Purchase price of $700,000
Down Payment of 10% = $70,000
Your payments including taxes and insurance would be about $4300 per month.
Online calculators and unskilled lenders are not a source of reliable data for such a large decision.

If you are genuinely serious about discussing all of your options, being approved, and discussing the tax advantages, please contact me. I'm happy to spend the time addressing your needs, concerns & goals. - Fri Jan 18 2008, 11:31
Nanyme, Just Looking in California

What are the requirements to get the $250,000 exemption from capital gains when you sell your home?

Asked Thu Dec 13 2007, 12:41 by Nanyme  -  California  -  Home Selling  -  4 answers
Steve Larson answered:
You must have lived in the property as your PRIMARY RESIDENCE for 2 of the last 5 years and NOT received it through a 1031 tax deferred exchange.

If you did not meet the time test, you may still qualify for a reduced exemption if certain other criteria were compelling factors of your sale. Feel free to contact me to discuss. - Wed Dec 19 2007, 15:26
Brad, Home Buyer in Oakland

Any loan specialist out there for a first-time homebuyer?

Asked Thu Nov 1 2007, 08:27 by Brad  -  Oakland  -  Financing  -  9 answers
Steve Larson answered:
Hi Brad,
Have you found a mortgage broker to assist you yet? Depending upon your price point, CalFha may or may not be best for you. Have you considered alternatives? There are a lot of options, some of which will save you with reduced PMI and/or avoid potential tax recapture. If no one has mentioned the recapture rules to you on some of these programs, find another broker. I work with these programs constantly, not just once. Let me know if I can be of assistance. - Mon Nov 19 2007, 13:08
If you are in the San Francisco, Bay Area, I can help you.
What city are you considering buying in? - Mon Nov 5 2007, 12:04
Rosemarie, Home Buyer in Pennsylvania

Can I sitll get a loan with bad credit?

Asked Tue Oct 30 2007, 22:46 by Rosemarie  -  All locations  -  Foreclosure  -  6 answers
Steve Larson answered:
Yes, but how bad is bad?

http://www.SLarson.com/contact - Mon Nov 5 2007, 12:05
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