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92505 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling2
  • Market Conditions0

Activity 11
Thu May 25, 2017
answered:
Hello Wanda, any day of the week is probably better than the weekend when everyone is looking. You did not mention the number of bedrooms, baths and the maximum payment you are looking to achieve?

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 92505 zip code of Riverside start from $1,350 for 2bd 1.5ba townhome and single family homes from $1,900 for 3bd 2ba home. The purchase in 92505 zip code start from 165k for 1bd 1ba condo and the single family homes start from 260k for 3bd 1ba home.

You should study RENT vs BUY options as you may qualify to buy with minimal out of pocket expenses and pay about the same as rent with down payment and closing cost assistance programs.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sat Feb 21, 2015
Bradley Byers answered:
Good morning, George I am a Realtor and will be happy to assist you in the process. I am not sure if you are a CASH buyer or will need financing. If you do need financing I network with various lenders that can pre-approve you quickly. I can also set you up on my MLS auto emailer so that you can see mobiles currently on the market that fit your criteria. Please message, call, or text when you have time so we can get started. Have a great weekend. ... more
0 votes 1 answer Share Flag
Fri Sep 26, 2014
My NC Homes Team answered:
If you're buying a stated income property then 25% down is required. You may not count the rental income to qualify for the mortgage until you have 2 years of documented experience as a landlord. Then you may count 75%. Neither of these loan officers knows what their talking about and honestly by the time it gets to underwriting they would reject your loan. You need to find a lender and a Realtor who know what their talking about when it comes to investment property. Most investors either pay cash in which case they aren't impacted by lender rules. You should also note that investment loans carry a higher interest rate than primary home loans and again I'm not sure based on what you've written that the loan officers you've spoken to either know what they're doing or understand that you're asking for a loan on investment property. I've attached link below that you should read as it's a beginners guide to investing in real estate. Unfortunately there are way too many Realtors and Loan Officers out there who only know enough to be dangerous and don't really to a good job of advising their clients properly. ... more
0 votes 3 answers Share Flag
Fri Jun 27, 2014
kistjanet asked:
Sat Jan 4, 2014
Frank Robinson answered:
Wed May 29, 2013
Ron Thomas answered:
0 votes 8 answers Share Flag
Wed May 29, 2013
Lon Mapes answered:
Since your husband is not on the Mortgage with you he may be able to purchase another home as your mortgage does not effect his credit. SO as long as he has good credit and income he has a chance of qualifying to purchase a house on his own.

That is my understanding but please do get legal advise.
... more
0 votes 7 answers Share Flag
Wed May 30, 2012
Terri Vellios answered:
If you are not working with an agent, I suggest you should contact Ray Wright to help you maneuver the real estate market in your area.

Have an amazing day!
0 votes 16 answers Share Flag
Mon May 28, 2012
William Halatsis answered:
Right now we are experiencing a very thin market of available homes, so if priced correctly it should sell very quickly since there is less competition. June is an excellent time to sell rapidly because many buyers have kids and like to move over the summer. ... more
0 votes 5 answers Share Flag
Sun Apr 26, 2009
Robert Vaughan answered:
Nelson,

There may be things that you can do to get back on track, especially if you are squared away with solid income again. Visit http://www.SuccesseLoans.com and click Apply Now. Select short form, fill it out, and submit. Our 17 year veteran in the mortgage industry will evaluate your situation and contact you with active steps you can take immediately to help improve your situation. It's free, easy, and there's absolutely no obligation.

We can also help you find that perfect home for you again. Our team of agents specialize in Corona, Norco, and Riverside.

What every you do, don't give up. Persistence is the key ingredient to success. I'd also like to say, good for you for asking for help and not simply burring your head and giving in!

Robert Vaughan, CSP
Broker/Owner
Success! eRealty
951.963.0163 ext. 1001
fax: 951.738.8889
info@successerealty.com

www.successerealty.com

P.S. Be sure to visit www.SoCalHomesNow.com for great information to help you sell your home fast and for top dollar and/or get the best home for your money:

-Free Over-The-Net Home Evaluation
-Free Information and Real Estate Reports
-Beat Other Buyers To HOT New Listings
-Find Out What The Home Down The Street Sold For
-and much, much more...
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0 votes 2 answers Share Flag
Thu Apr 23, 2009
Justin Bowen answered:
Hello Nelson,

I am also unable to currently find this property for sale right now. I will further look into this property tomorrow and see if it has recently been foreclosed on and will possibly be on the market soon, or any other possible solution. If you have any further questions regarding this property or any others in the mean time please feel free to contact me at anytime.

Justin Bowen
REO Specialists
The Tennant Group @ Prudential CA Realty
951-283-5425
j-a-bowen@sbcglobal.net
... more
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