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Home Buying in 90042 : Real Estate Advice

  • All40
  • Local Info3
  • Home Buying25
  • Home Selling3
  • Market Conditions1

Activity 24
Wed Feb 8, 2017
Jessica Bateman answered:
It means the home is owned by HUD, when you get an FHA loan it is insured by the government. If you foreclose, they own the property. If you have any questions or are interested in getting a HUD home, I would check out The Lenders Network, they will be able to refer you to a few lenders that can help. ... more
10 votes 12 answers Share Flag
Thu Jan 26, 2017
Jesus answered:
BEWARE TO BUYER AND ESPECIALLY SELLERS IN THE 90042 AREA CODE. THE IS A ROGUE BUILDING INSPECTOR AND REALTOR WHO PREY ON FINANCIALLY STRAPPED HOMEOWNER. THEY WILL DECEIVE YOU AND TRY TO LOW BALL YOU, BY FILING BOGUS PERMIT VIOLATIONS, MANIPULATING COMP. MARKET ANALYSIS REPORTS. ALFONSO AVILA AND SALVADOR ESCALANTE DBA INNOVATE REALTY ALSO DBA PRIMO CONSTRUCTION SERVICES THEY ARE THIEFS AND A RAT BASTARDS. HE HAS 3 ACCUSSATION FILED BY BRE CASE H-40211-LA AND H-39066-LA & H-40381 LA. LENDER AMERISOURCE, BOULEVARD ESCROW AND WESTERN RESOURCES TITLE ARE UNDER ADMINSTRATIVE INVESTIGATION BUY THE D.B.O, D.O.I AND FOR FRAUD AND DISHONEST DEALING. DONT BE FOOLED BY BOGUS PERMIT VIOLATIONS. ... more
0 votes 6 answers Share Flag
Sat Oct 29, 2016
Rich Reed answered:
When I see this happen, I think that the Seller is looking for an unsophisticated, unrepresented, probably cash-only buyer because of some material fact that would otherwise prevent the sale for full price. For instance, a home with significant work done without permits in a city which does not require a pre-sale inspection. The buyer can always hire and compensate their own representative, that's what I would recommend. It could work like this: Make your offer X% less than what you would otherwise offer. Hire your own exclusive representative and compensate your representative the X%. If there is no significant reason that the Seller wants an unrepresented buyer the Seller should have no objection to, even welcome, a real estate professional involved in the transaction. If the Seller wants to save on commission, the Seller should have no objection if you pay your own representative. I would be cautious if the Seller insists that you are unrepresented. In that case, I would get the offer accepted (only if you know what you're doing) and then hire a representative anyway, it's your right to do so.
Hope this helps!
... more
0 votes 2 answers Share Flag
Tue Nov 5, 2013
answered:
I can do that for you, you will need to take a HUD class.

If you would like to discuss it online click on picture or call me at 949-297-1207.
0 votes 5 answers Share Flag
Tue Nov 5, 2013
answered:
The problem you will be having on that is that you need reserves to buy units, so if you getting a gift I am assuming that you do not have reserves.

I had a friend just by a house with a mother in law unit, he is living in the mother in law and renting out the house.

That is one way around that.
... more
0 votes 7 answers Share Flag
Tue Oct 1, 2013
Jamie Tian answered:
Hi,

For around $350,000, you might want to consider a condo in Silver Lake or Glendale, these are areas that would be an easy commute to downtown for you.

Feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com and I would be happy to answer any additional questions you might have, or email you a list of properties that are currently for sale in your price range.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
BRE #01920120
... more
1 vote 2 answers Share Flag
Wed Jun 19, 2013
Curtnmar answered:
what if the tenant been there over a year and never paid rent but is now being asked to pay rent
0 votes 2 answers Share Flag
Sun May 8, 2011
Steven Abraham First Team answered:
Kaiserstrasee,
If I were you, I would approach the tenant and offer them cash to inspect.
Should you decide to purchase, I would then offer them cash for keys.
I realize these options may not appear to be the best, but if they accept you've gotten rid of your hassle!
Good Luck!
Steven Abraham
"25 Years of Professional Real Estate Experience"
lagunacastles@cox.net
949.378.4005 Cell
Licensed Real Estate Broker
Prudential CA Realty
... more
0 votes 5 answers Share Flag
Mon Feb 7, 2011
Michael Friedman answered:
There are a least two types of Back-up offers. The first means that you just put in an offer even if there is already an accepted offer. If the accepted offer falls through, then the listing agent will contact you but it is they are not obligated to do that. the second kind, says your offer is in effect if the first offer falls out of escrow.

All the best,

Mike
... more
0 votes 5 answers Share Flag
Mon Feb 7, 2011
. answered:
Allen:
Great choice of neighborhood(s). Most of the NE area is a great investment as I call it the last "zone of affordability". Often Pasadena/South Pas can get expensive. THe NE are can go "block-by-block" in terms of desireability so, make sure you dirve by each listed property to see the orientation on the street and they general vibe of that block. Eagle Rock, especially close to Occidential College, some parts of Glassell Park & Highland Park are your best bets. Cheap doesn't always mean it'sthe best investment so, do a bit of homework before you committ. And don't be put off if you need to submit an offer before you see the interior of the units. Often sellers of investment properties don't want to alarm their tenants and will only allow access if a serious buyer presents themself. Other things to consider: school, crime rate, access to freeways, walkability to restaurants, retail, grocery, and of course, parking!

Happy Investment Hunting,
Renee’ Kische
Keller Williams Hollywood Hills
8560 W. Sunset Blvd. #3
323.377.7976
renee@bestLAliving.com
http://www.accesshollywoodrealesate.com
Facebook Fan Page: Access Hollywood Real Estate
Twitter: @bestLAliving
... more
0 votes 7 answers Share Flag
Sat Oct 2, 2010
Myrna Averia answered:
Most short sale listings are priced at lower than current market value to attact more interest from buyers.
There can be a mutual acceptance on a price, but all terms, price and conditions are still subject to the short sale lenders' approval.
It is best to submit a price close to the current real estate market value because the short sale lenders will have their own appraisal. Submitting a reasonably priced offer is the best thing to do. There is a better chance the short sale lenders will accept the terms/price of current offer.
... more
0 votes 3 answers Share Flag
Wed Nov 4, 2009
Keith Sorem answered:
Mr. Can you state your question more on context?
It usually means 'based on" or " the sale of this house is predicated on a minimum sale price of $250,000"
0 votes 2 answers Share Flag
Wed Sep 9, 2009
Sky Minor answered:
Hi Joe, there is no way in this market and price range that a property is going to go for under asking price. Sorry to be the bearer of bad news, but my job as an agent is to "keep it real" with you, the buyer. ... more
0 votes 5 answers Share Flag
Thu Jun 25, 2009
April Kass answered:
YOU NEED A PROFESSIONAL GEOLOGIST, They can recommend any further specialists. HERE ARE A COUPLE TO TRY:

Dale Glenn
(818) 886-2766
(818) 416-4648 Cell
dale@glenngeo.com
Certified Engineer Geologist #1238

Vince Carnegie
(818) 500-9533
http://Geosys1.com
geosys@pacbell.net
CA License # CEG 1608

Or feel free to call my office and they can help you coordinate an inspection with a Geologist. (818) 951-7467
... more
0 votes 4 answers Share Flag
Tue Apr 14, 2009
Sky Minor answered:
Richard, going through the hassle of an FHA 203k loan is honestly not worth the time for anyone, especially your loan officer (OK, I might be jaded from having every single 203k loan I've submitted DENIED!!!). Honestly, it's just not worth it.

The only way to get into the really raggety properties is with cash or hard money. Sorry, Charlie.
... more
0 votes 4 answers Share Flag
Tue Apr 14, 2009
Sky Minor answered:
Go to the city website ZIMAS (you'll have to google it).

TONS of data on history of permits pulled (which is pretty much 90% of violations). Also if it's rental units you'll want to make sure it's not in the REAP program where the city collects all the tenants rents until the owner fixes a problem. Google that one too.

I know what's what in Highland Park, and alot of these houses and units have tons of violations. Savvy buyers use that to their advantage.
... more
0 votes 2 answers Share Flag
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