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Investment Properties in California : Real Estate Advice

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  • Home Buying1K
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Activity 511
Rich Reed, Real Estate Pro in Arcadia, CA
Tue Sep 27, 2016
Rich Reed answered:
A salesperson may not accept compensation for licensed activity nor pay compensation for licensed activity except through the broker under whom he/she is at the time licensed (CA BUSINESS AND PROFESSIONS CODE SECTION 10137).
If what you did were an activity requiring a real estate license (Section 10131), then it would have to go through your broker.
If you used your real estate license, you would have to follow the rules that apply.
If it were unlicensed activity, then it wouldn't matter that you have a license for that transaction.
Only you, with advice from your attorney and/or broker, can decide if it were licensed activity.
My opinion is that if you help others with the purchase, sale, exchange of real property or business opportunities, and receive compensation, you need a broker license or a salesperson license and be employed by a broker.
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Donald D. He…, Real Estate Pro in Oceanside, CA
Tue Sep 20, 2016
Donald D. Hensel answered:
You may want to consider looking in North County, East County and Southbay areas. Rising rents are making these areas more attractive for investment.
0 votes 2 answers Share Flag
Donald D. He…, Real Estate Pro in Oceanside, CA
Tue Sep 20, 2016
Donald D. Hensel answered:
North Coast Financial is able to provide loans for investment property and 2nd homes. A down payment of at least 25% will be required.

North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
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Maricris A, Other/Just Looking in Seattle, WA
Thu Sep 15, 2016
Maricris A answered:
Hello,

Unfortunately, we didn't get enough information about your problem to resolve the issue. Please provide us with complete property address and we will be able to assist. You may also send your request together with your complete address via the link below.

Regards,

Maricris
Consumer Care Advocate
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Dorene Slavi…, Real Estate Pro in Torrance, CA
Mon Sep 12, 2016
Dorene Slavitz answered:
I believe most loan officers want two years income plus financial docs ( W2's tax returns etc.). I work the greater Los Angeles and Westside Market and have never seen an income property for the price you are indicating. If you can use the cash you have as a down payment on a loan, that might be a possibility. I believe the average price for a one bedroom condo that you might be able to use as an investment is much higher . ... more
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,  in
Mon Sep 12, 2016
answered:
A real estate license is the property management license. No you do not need a license to manage an immediate family member's real estate, as far as I know.
0 votes 1 answer Share Flag
Dorene Slavi…, Real Estate Pro in Torrance, CA
Sun Sep 11, 2016
Dorene Slavitz answered:
It's disheartening to hear about the poor service you received from your agent, but it does sound like you are in escrow and will complete the transaction with this person.
You can complain to the Broker in the office where your agent works and perhaps some resolution could be reached.
I actually never heard of an agent paying for termite treatments, inspections are sometimes done at no charge though. If you cannot get satisfaction from the broker you may need legal advice at this point.
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,  in
Sat Sep 10, 2016
asked:
I'm not familiar with Palm Springs market although looking to purchase a condo for myself. I'm a real estate agent. Was wondering how is it as a rental? Easy to find tenants?…
0 votes 0 Answers Share Flag
Cherylpeckha…, Home Buyer in Lake Arrowhead, CA
Sun Sep 4, 2016
Cherylpeckham51 asked:
UpNest Top R…, Real Estate Pro in Burlingame, CA
Fri Sep 2, 2016
UpNest Top Realtors answered:
Hi, Commission rates are negotiable and can vary. The key to negotiating the best rate is to compare and interview several agents in your local area. We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! http://www.upnest.com ... more
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,  in
Tue Aug 30, 2016
answered:
It sounds like you are referring to lending guidelines, and it is the lending guidelines of the lender that you have contacted. Many lenders do have this guideline, there are many that do not have this rule.

Though they all do want to source the money to be sure it is not drug money. If it were to turnout that it was drug money the government could seize the property and nullify the lien on the loan. So we just need to show where the money came from. I have seen the government confiscated properties this way, and had heard that they overturned this rule. I am not sure they have.

Also they want to be sure you did not borrow the money, and then owe a payment to another party, which would make you not fit into their lending guidelines.

I am a broker and have access to hundreds of lenders, give me a call at 714-968-2500 and maybe we can put this loan together for you.

License # 284206
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0 votes 1 answer Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Mon Aug 29, 2016
Arpad Racz answered:
Hi,
Your local MLS may have a public portal that has Multi Unit Residential properties.
How many units are you looking for and in what price range?
Please email me from my profile.
Kind regards,

Arpad
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0 votes 1 answer Share Flag
William Laue…, Home Buyer in New York, NY
Thu Aug 18, 2016
William Lauesen asked:
Arpad Racz, Real Estate Pro in San Jose, CA
Sat Aug 6, 2016
Arpad Racz answered:
Hi,

Are you looking in the more remote, mountain, or desert communities as well?

Kind regards,

Arpad
0 votes 1 answer Share Flag
Maricris A, Other/Just Looking in Seattle, WA
Tue Aug 2, 2016
Maricris A answered:
Hello,

Yes. To post your home for sale by owner on Trulia, click the link below and select “Submit listings for sale.”

http://www.trulia.com/submit_listings/

You will be redirected to our partner site, Zillow. Once you’re on Zillow’s posting page, please make sure to select “For Sale by Owner” under the address field. Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.

Regards,

Maricris
Consumer Care Advocate
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Arpad Racz, Real Estate Pro in San Jose, CA
Mon Aug 1, 2016
Arpad Racz answered:
Hi Norma,

Checking with a lender would be a good part of the process. Please email me, and I can put you in touch with a loan agent I know.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Mon Aug 1, 2016
Arpad Racz answered:
Hi,

I would recommend pulling up the zip codes for both Milpitas and the Berryessa area of San Jose here on Trulia and also on Zillow to see what the trends are. If they are both ok for you, then given our relatively low inventory you can look in both, and go with whichever one produces a good deal first. You can email me for more specifics. Are you looking for fixer uppers?

All the best,

Arpad
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