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Investment Properties in Santa Clara County : Real Estate Advice

  • All145
  • Local Info4
  • Home Buying93
  • Home Selling7
  • Market Conditions6

Activity 27
Robert.marti…, Home Buyer in San Jose, CA
Fri Dec 16, 2016
Robert.martinez55 asked:
Jeffknaide, Home Buyer in Santa Clara, CA
Fri Oct 14, 2016
Jeffknaide asked:
I'm working on doing some academic qualitative research and was hoping that somebody might have an idea of where to find the numbers of this sort of home purchase
0 votes 0 Answers Share Flag
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
... more
0 votes 1 answer Share Flag
,  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
... more
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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
... more
0 votes 3 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Sat Jul 16, 2016
Arpad Racz answered:
Hi,

You can check with Old Republic to see if they can handle your situation.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Wed Jun 29, 2016
Ruth and Perry Mistry answered:
$250 - $300 a sqaure foot.

Hence that comes to $500K to $600K.

Best regards
Perry

www.ruthandperry.com
0 votes 1 answer Share Flag
Sf Bay, Home Buyer in Los Altos, CA
Sun Apr 10, 2016
Sf Bay asked:
Where can I find out the rental market value in my neighborhood? Is there such database trulia maintains?
0 votes 0 Answers Share Flag
Eplyomail, Home Buyer in East Palo Alto, CA
Fri Mar 11, 2016
Eplyomail asked:
If I own a condo in East Palo Alto and want to rent it out, do I need to register it with the city under their rent control rules or am I free to list the condo and rent it?
0 votes 0 Answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Wed Jun 17, 2015
Arpad Racz answered:
Hi David,

Cupertino had some units like this. What type of commercial use would the bottom unit be for?
Please let me know your complete preferences and price range via email from my profile.

Kind regards,

Arpad
... more
0 votes 2 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Tue May 19, 2015
Arpad Racz answered:
Hi Nick,

Please email me from my profile, and we can discuss the specific criteria.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Cindy Davis, Real Estate Pro in San Diego, CA
Sat Apr 11, 2015
Cindy Davis answered:
No. 1031 Exchanges must be used for investment properties. One client I had, rented out their new property for a year or two, and then moved into it after that - I know that was deemed acceptable. ... more
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Arpad Racz, Real Estate Pro in San Jose, CA
Tue Jan 20, 2015
Arpad Racz answered:
Hi,

Our local MLS has these from time to time. Please email me with what you are looking for.

Kind regards,

Arpad
0 votes 2 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Fri Aug 8, 2014
Ruth and Perry Mistry answered:
Hello Valley Buyer from Stockton:

Congrats on your purchase, or previous rental.

Give me a call.

Perry
Coldwell Banker.


408-656-5343
0 votes 2 answers Share Flag
Sam Shueh,  in San Jose, CA
Wed Jul 23, 2014
Sam Shueh answered:
i HAVE CLIENT WANTING TO MOVE IN AS A RENTER.
GIVE ME A CALL.
four o-eight 425-1601
Keller Wms Cupertino Realty
0 votes 2 answers Share Flag
,  in
Sat Apr 5, 2014
answered:
In the State of California, If you're married and wanted to buy an investment property under your name only...as a lender we will NOT fund the loan unless you have a quit claim deed from your husband. ... more
0 votes 5 answers Share Flag
Huey Nguyen, Real Estate Pro in San Jose, CA
Sat Mar 29, 2014
Huey Nguyen answered:
Hello David,

I agree with my colleagues here.

Regarding lenders: Only the permitted square footage and rooms would count towards the appraisal value of the property. So the third bedroom and second bathroom would not count towards the appraisal value decreasing the value of your property and perhaps the eventual sales price, if the buyer is not willing to pay the difference. I have even seen a lender hold up escrow and force the seller to obtain the correct permits in order to move forward. Certainly, this kind of property would not be up to FHA guidelines. Please check with some lenders to see what the current guidelines are.

Regarding the building department/permits: A neighbor could report that you have unpermitted rooms, and the city could force you to obtain the proper permit and restore the structure to its original permitted state. This could also happen, if the city were to inspect your property independently. From there, if you would like to obtain permits to add a bedroom and bathroom, there would be additional expenses for that.

Every city has its own procedures, and you should check carefully with the planning/building/permits department to obtain detailed instructions regarding how to proceed. Your licensed contractors will be able to help with these matters as well.

Please contact me for more information. I can help you.

Good luck,


Huey Nguyen
... more
0 votes 8 answers Share Flag
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