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Home Buying in 94102 : Real Estate Advice

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  • Local Info4
  • Home Buying6
  • Home Selling0
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Activity 5
Fri Mar 13, 2015
Valerie Cavill answered:
Buy my home in Fords,NJ. 4 beds;2-1/2 bath;75x150 lot;basement;great neighborhood.
0 votes 13 answers Share Flag
Tue Feb 10, 2015
Sandy Thompson Girolami answered:
If you are a commissioned or self employed person, the income is a little trickier to qualify. You need to have at least 2 years of history and the amount used is after most deductions. Depreciation and one-time deductions can be added back in. Standard deductions stay in but if you itemize more than that it lowers your income.

This is how many self employed workers get into trouble when trying to qualify. If your writing everything off and only paying taxes on 10K or 20K a year, that is close to the income that will be used. If you are self employed and want to buy a house, you need to be keep this in mind.

We always ask for 2 years in tax returns before pre-qualifying any self employed or commissioned employees so we don't run into problems once the sales contract comes in. If you are a salaried or hourly employee that doesn't file a long return, we only ask for w2's and paystubs until we get a sales contract then we get the rest of the documents.
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Wed Jul 11, 2012
Peter T. Chin answered:
The short answer is no....But if I were buying this property, I would want everyone to sign new rental agreements (the PPMA lease is near 20 pages; mine is 11 pages with addendums).

Unfortunately, most tenants will not sign anything after they have gotten inside and been a tenant for a while.

Under SF Admin Code 37.9, the landlord used to be able to change the lease terms with a served notice pursuant to an addendum code; but in tenant favored San Francisco, this is no longer the case and landlords need signatures from tenants to change anything (good luck with that!).

In San Francisco, there are a lot of older landlords and they will retire and leave their property to beneficiaries; these beneficiaries will be up for a rude awakening as to the multitude of Renters Laws that is thicker than Two Yellow Pages and the most regulated in the Entire Nation.

Peter T. Chin Realtor #01866332 415-863-7500
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0 votes 2 answers Share Flag
Sun Apr 15, 2012
Ivan Diaz answered:
Hi Luz,

I work for a Regional Mortgage Bank and have helped many VA buyers purchase in the Bay Area. I would love the opportunity to provide you with a conditional Approval letter that will give you the peace of mind when you look for a potential property. Cooperating rates provide an additional benefit to purchasing vs renting. Costs can also be minimized to get more purchasing power. With our approval letter you can discuss your location and property options with a Real Estate agents like Bob.

If you would like more information, contact me at your convenience. I can also provide you with online links to my professional resume. Thank you for your consideration.


Ivan Diaz
Mortgage Consultant
(415) 271-7740 direct/cell
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