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North Hollywood : Real Estate Advice

  • All98
  • Local Info13
  • Home Buying23
  • Home Selling1
  • Market Conditions0

Activity 39
Sat Jul 22, 2017
Conny Wolfram asked:
I would like to buy 5 - 50 units by the end of August (south of Chandler preferred); and am trying to make myself familiar with the area.
0 votes 0 Answers Share Flag
Sun Apr 9, 2017
Sheryl Arndt answered:
Hello Ramon, it will depend on if you are self employed 1099 or a W2 employee. Do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs?

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

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.

If you are W2 you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k. The CHDAP down payment and closing cost program can go up to 600k in high balance areas like North Hollywood.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation 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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

The rentals in North Hollywood start from $1,095 for a studio apt, from $1,190 for 1bd 1ba apt, from $1,600 for 2bd 1ba apt and the single family homes start from $2,650 for 3bd 1ba home.

The purchase in North Hollywood start from 159k for 2bd 1ba condo, from 375k for 3bd 2ba condo and the single family homes start from 425k for 3bd 1ba home.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Tue Mar 21, 2017
Alysse Musgrave answered:
Non-qualifying assumable loans are a thing of the past (20-30 years ago). If you happen to find one, the equity required to assume the loan would be enormous. I'm afraid you'll have to find another path.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 2 answers Share Flag
Tue Mar 21, 2017
Sheryl Arndt answered:
Hello Robb, you may qualify for FHA or VA financing two years after a BK from 3.5% down and minimum 580 fico score. FYI, you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down.

You may qualify to buy easier than renting. Do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs? You may qualify to buy with minimal out of pocket expenses like the first, last and security of any rental deposits.

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.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may consider primary residence 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

The purchase in North Hollywood start from 190k for 1bd 1ba condo, from 235k for 2bd 1ba condo and up and the single family homes start from 400k for 2bd 1ba home.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Sun May 1, 2016
Zsanniwehbe asked:
11009 Burbank Blvd, north Hollywood, ca
0 votes 0 Answers Share Flag
Tue Feb 3, 2015
Cindy Davis answered:
Trulia is just a portal like craigslist, or even your newspaper classified section. None of these entities are in the business of investigating posts or ads. That's up to the consumer.
0 votes 1 answer Share Flag
Fri Nov 21, 2014
Lynch and Mason Team answered:
Hello Darah,

The short answer to this question is, YES. You are able to get an apartment before you move to Los Angeles and not have to wait. What I would recommend you do is the following:


1. Determine how much you are looking / able to afford each month for all of the expenses (rent / utilities)
2. Pick a city / area / zip code where you are looking to reside
3. Contact the apartment complex leasing office and find out if they are willing / able to run credit, take a deposit and sign a lease via email or through fax

If the apartment company / complex is willing and able to do so then you will be all set to go. Apartments work a little different than residential real estate, but if you stick with what I placed above then you should be great.

Good luck...

Xavier Lynch

Keller Williams Brentwood
The Lynch & Mason Team
Mobile: (818) 515-9366
Email: lynchandmasonteam@gmail.com
... more
0 votes 1 answer Share Flag
Wed Oct 22, 2014
Rafael Gevorkian answered:
Sam,

The average price per square foot in North Hollywood is $350. A foreclosure typically sells for below that value since in most cases they need some TLC. Rental rates in North Hollywood have come up quit a bit in the last few months and averaging about $2000 for a 3 bedroom home.

If you need more information or looking for investment properties please feel free to reach out to me.


Rafael Gevorkian
JohnHart Real Estate
Premier Realtor
Mobile - (818)825-1817
RafaelG@JHagents.com
RafaelSellsHomes.com
... more
0 votes 2 answers Share Flag
Wed Oct 15, 2014
Tolly Glickman asked:
This question was asked from http://www.trulia.com/rental/3007672718-6742-Clybourn-Ave-North-Hollywood-CA-91606
0 votes 0 Answers Share Flag
Mon Apr 28, 2014
Tristam Bielecki answered:
If you don't have irrigation set up for the parkway, then Decomposed Granite or pebble rock can look really good with some succulent plants for accent.
0 votes 4 answers Share Flag
Thu Apr 24, 2014
Mariam Mazlumyan answered:
Hello Rosie,

I am not sure if you can find a place to rent for only one month because most rental properties require a 12 month lease. You might want to check out Days Inn or search for corporate condos for rent in the area. ... more
1 vote 4 answers Share Flag
Fri Apr 4, 2014
Rafael Gevorkian answered:
Hi Inga,

Were you able to find the home you were looking for? I am a specialist in North Hollywood and Valley Village and have lived in North Hollywood for over 25 years. I have a few pocket listings that might work for you if you still are looking. ... more
0 votes 6 answers Share Flag
Tue Feb 11, 2014
Alexander Greer answered:
Not sure where you are going to find a condo for $50,000 in North Hollywood. Are you sure it is for sale for that much. Email me with an address and I will check on it for you.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
... more
0 votes 3 answers Share Flag
Mon Dec 2, 2013
Marine Kutyan answered:
The lowest priced condo in the valley is $78,800 in North Hollywood, followed by one in Sylmar for $93,000. Let me know if you would like me to send these to you or if you would like to see any other listings.

Marine Kutyan
Realtor/Notary BRE# 01858584
818.804.0140
MKutyan@gmail.com
http://www.RealtorMarine.webs.com
Like Me On Facebook: https://www.facebook.com/pages/Realtor-Marine/237174569763048
... more
0 votes 7 answers Share Flag
Tue Jun 11, 2013
Annette Lawrence answered:
Rule of thumb.
It does not exist.
Each HOA is very explicit regarding what pets, if any are allowed. They will even define what a 'pet' is. The will further define how many of each pet and the Maxium, mature, size allowed, Further refinement can occur prohibiting certain breeds. And finally, those exceptions, such as for companion pets, NOT SERVICE PETS are addressed.
-
THe HOA is comprised of the property owners in that community, not some remote 'on high' council that rules with absolute authority. The pet requirments can be vigorously enforced, modified or ignored depending on what the members choose to do or tolerate or the management company's policy.
-
As you very likely surmised, each community (and building within a community) must be researched to determine what are their pet rules.
... more
0 votes 8 answers Share Flag
Tue May 28, 2013
John Arendsen answered:
Must chime in with my fellow brokers on this one. Absolutely not!
0 votes 5 answers Share Flag
Sat May 25, 2013
Dorene Slavitz answered:
Dear Gabriela,
It would be best for you (price, speed of sale,etc) if you either bring the garage up to code, or turn it back into a garage. It's very difficult for even the best buyers to get a bank to finance with un permitted work. If you leave the work, the appraiser will omit it when setting a value, however, it's much easier to sell a home that does NOT have un permitted work . ... more
0 votes 11 answers Share Flag
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