Riverside is great for investment properties. Wether you want to be a landlord, flip homes or purchase for long term investments Riverside is the place to be. Riverside is always developing, expanding and improving the infrastructure and community services.
Currently right now there is affordable house and lots of homes qualify for FHA.
I would be more than happy to help you with any other questions about Riverside. Feel free to call me or message me anytime. I can send you a list of properties perfect for investments.... more
Why rent to own when you may qualify to buy to own? Rent to own usually want 10-15% down that is non refundable and rent that goes up annually.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
I've met with clients before on Brian and did not think it was overly annoying. But I would suggest taking it upon yourself to go door to door to your prospective neighbors. They would obviously be the very best to get the truth from. Just introduce yourself as a possible future neighbor and I'm sure they'll be more than happy to share their thoughts.
Good luck and I wish you contentment in wherever you end up living.
Keller Williams Realty
Email: RayWright@kw.com... more
Investors generally need to put down 25% for the purchase of a single family home. This area is close for commuters and Shopping and schools are nearby. Are you buying to resell or using the home for rental purpose? Is this your first rental or ??
I live in the general area on the Riverside side of the two communities. I am Realtor since 1978. call me at 951 788 1777. I am a landlord myself and own 16 homes. I personally prefer single story homes vs 2 story.... more
The wood streets do have historic homes. Not all homes are historic. From what I do know, in Down Town Riverside, and the Wood Streets if the home is at least 100 years old you will qualify for certain grants to renovate the home. There are different programs available through the city its self. However these programs change and most lenders donâ€™t know much about them. The best advice I can give you about the programs is to call city hall. Ask about the historic home programs. I would love to sound like an expert, but the renovation programs in the area change all the time, and has some red tape involved. If I can be of any more assistance, let me know.
Keller Williams Reatly
7065 Indiana Ave. #200
Riverside, CA 92506
DRE # 01513440
Setting the listing price is an art not a science. As we go through aour daily work we see pricing all over the board, too high and too low. Sometimes there is strategy involved but many time it really appears that there is very little market knowledge.
If you are a buyer it is important to work with an agent that follows the market closely or you need to do it yourself. By that I mean looking at what the sale prices are no the asking prices.... more
Go to: http://www.city-data.com for answers to your question. This site is great for finding out specific information about any areas that you are interested in. There is a consumer discussion board also.
Here are two more websites that consumers can use to find out informaiton about an area: The first is called bestplaces.net and it shows statistical results of crime based on FBI submitted reports.
Hey David, I am sure Rockinblue will chime in at some point. He is not one to be left out. He is probably having more fun outside at some live music venue. Give him a little time, he will make an appearance.
The things I love about Cali are the beaches, the beaches and the beaches! My second favorite this is the weather, the cool days and nights, nightlife, theaters, Knottsberry Farm & Disneyland and of course the celebrity watching,
As Realtors we are not qualified to answer tax or legal questions. I would suggest you contact a CPA or Tax specialist and obtain legal counsel. They are the only ones qualified to answer your questions. I can referr you to an exceptional real estate attorney in Austin if you like. I wish you luck!
Check with the local building department. If you are in county jurisdiction then it is Riverside County Department of Building and Safety at http://www.tlma.co.riverside.ca.us/building/default.aspx or the Director's office at for direction (951) 955-2025. For the city of Rierside contact the Community Development Department Building and Safety at http://www.riversideca.gov/building/contact.asp or 951-826-5697.
Hope you get your questions answered and Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty... more