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Home Buying in 90020 : Real Estate Advice

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  • Local Info3
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 6
Sun May 25, 2014
Dorene Slavitz answered:
There are lots of them out there for sale with tenants in place. Just let your Realtor know, you want an investment with tenants.
Most owners of investment property would like to keep the tenants in place, in order to protect their investment. You do have some risk when buying a property like this. Obviously the owners do not want the tenants disturbed, which means you are buying sight unseen and using the financial information. owner information, and exterior views to buy. ... more
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Sun Dec 8, 2013
Irina Karan answered:
This depends on how you'll be holding your title.
You may hold it as an LLC or a corporation, or as a person.
It is best to consult a financial adviser or a real estate attorney as to which way would work best for you.
Check out FIRPTA law on IRS.gov.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
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Wed Nov 13, 2013
Irina Karan answered:
Market analysis - to know the market value.
Advertise on Craigslist and all real restate sites that allow owner advertising.
After finding good perspective tenants, have them fill out the tenant application and run their credit reports. Check local and state laws for landlord tenant responsibilities.
Have an attorney create lease.
Or, work with a great realtor to make sure you have everything done legally and easier for you.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 14 answers Share Flag
Wed Jul 10, 2013
carlos parrague answered:
work with a local agent, you will have better luck.
0 votes 3 answers Share Flag
Mon Jul 23, 2012
answered:
I am definitely surprised your agent has not been all over this. After you received notification of the approval were you given a list of conditions your needed to provide the underwriter? It is highly unlikely that any approval would not have any conditions associcated with it.

As noted below, you can get another lender. However, it would be nearly impossible for any of us to get your file approved to meet your closing date. And, highly unlikely that the seller is willing to accept a transfer of lenders at this late stage.

I would call your agent and request assistance. I would also try again to reach your mortgage consultant...Contact their manager if necessary. Best of luck to you.
... more
0 votes 2 answers Share Flag
Sat Jun 13, 2009
. answered:
Hi Nali

The mortgage brokers I work with require 2yrs of employment, minimum. So getting a loan right now may not be possible if you are unemployed.

There are a few areas in California with homes under $50,000 which include the outskirts of LA county and other areas in Southern California.

If you are serious about buying, I would be glad to help. Good Luck.

Monica Hernandez
Bankers Realty Exclusive, Inc
310-293-3335
DRE Lic #01239118
... more
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