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Home Buying in 94130 : Real Estate Advice

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Activity 974
Sat Dec 15, 2012
Jessica Tracy answered:
Tue Dec 11, 2012
Walter 'Skip' Kersten answered:
Hi Albert,
This is a question that needs to be answered by a tax professional. It is a great question and I am curious as to the answer.
Good luck,
0 votes 1 answer Share Flag
Tue Dec 18, 2012
Seth Swenson, MBA answered:
Hi typically 4.5-6 is a cap rate you might see all over town. however in the specific neighborhoods I just searched and the cap rates are from 2.89-5.30. The cap rates are likely lower due to the areas being the most desireable. Pease call me anytime at 4158607384.
Thank you
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0 votes 8 answers Share Flag
Sat Dec 8, 2012
Rob Regan answered:
I'm not aware of any condo buildings in the City that allow nightly rentals in their CC&R's. In addition San Francisco has an ordinance preventing individual owners to go into the hotel business. I believe the SF ordinance calls for rentals to be over 30 days. Most condo buildings say not less than 6 months. Of course there are people all over the city ignoring both, but that's another story ... more
0 votes 2 answers Share Flag
Sun Dec 9, 2012
Oggi Kashi answered:
Yes, 20% is typical however, in competitive situations, a higher downpayment might be advisable. For the "urban vibe", try Russian Hill, Nob Hill, North Beach, SOMA, Mission, Downtown, Financial District, Hayes Valley and Lower Pacific Heights:

Oggi Kashi
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
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0 votes 11 answers Share Flag
Sun Dec 9, 2012
Seth Swenson, MBA answered:
Your question is tough to answer and I would recommend that if a person were to buy out of state then they would definitely want to work with a tax expert. Here is an interesting article discussing the pros and cons of buying out of state property:

Thank you,

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0 votes 2 answers Share Flag
Mon Mar 16, 2015
Sally Rosenman answered:
Hi Trish,

The biggest disadvantage is resale. No matter what the San Francisco real estate market is doing, a Seller selling a BMR unit may only raise the price a certain percentage over the original asking price. I do not have all the current limits so I suggest you go to The is the Mayor's official website and you go check out Mayor's Office of Housing for all the rules and regulations.

Good luck,

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0 votes 8 answers Share Flag
Thu Nov 29, 2012
Marge Bennett answered:
What a great idea! First, find a good buyer's agent in the location you choose.Let them know your budget and plans. Here, it is usual for the buyer's agent recieve his/her commission from the listing agent. Your buyer's agent will also be helpful in either handling the rental for you or referring you to someone who will. Other costs will depend on the property.
Go for it!
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0 votes 4 answers Share Flag
Wed Aug 6, 2014
Philip Cabral answered:
Hello again Nigel,

As I mentioned in one of your other questions I grew up in San Francisco and currently live in Santa Clara which is in Silicon Valley. I have rental properties in both areas so I know both areas very well.

At a budget of $700K you have some restrictions. Condo/Townhouse vs. single family residence? Do you want more of a suburban feel or are you interested more in the middle of the city? How much of a down payment do you have? If you have a large enough of a down payment there is the possibility that you can have a positive cash flow from the start. Are you looking for a certain size of home? How many bedrooms, baths, square footage, size of lot, backyard, etc? There are a lot of details that you need to fill in.

I can certainly help you or you can contact any one of a number of great realtors in the area.

Good luck!
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0 votes 10 answers Share Flag
Tue Nov 27, 2012
Helen Yuen answered:
Hello Meiling:

Who Can Buy a HUD Home?

Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, you may be eligible to purchase a HUD Home at a discounted price.

HUD have their own guidelines and procedures on how to submit an offer.

Any correctly priced home may have multiple offers, so follow what you like.

Helen Yuen, Open Home Professionals - (415) 583-3535 for more questions
(Please call only if you don't have an agent ok? - thanks.
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0 votes 6 answers Share Flag
Fri Nov 16, 2012
De Vonte Williamson answered:
When you buy a foreclosure from the Bank it is already Bank Owned (The Bank owns it). When the foreclosure process is pending, and you are buying it from the Seller while the property is on the market, it is usually a Short Sale situation (Where the bank agrees to take a loss on the property) however, the Homeowner still owns it. I hope this helped...

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.

Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!
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0 votes 6 answers Share Flag
Wed Nov 14, 2012
Ligia De Marchena answered:
Hi there,
Have you checked Craigslist?
Good luck in your search.
0 votes 3 answers Share Flag
Sun Nov 18, 2012
Kathleen Gilheany answered:
West Portal is Muni Trains. Glen Park is Bart and Buses.
0 votes 12 answers Share Flag
Tue Nov 13, 2012
Gigantes888: What did you realtor advise you?
Did you call the CA Dept. of Real Estate for help?
Did you call a good real estate attorney?

Good luck.
0 votes 9 answers Share Flag
Tue Nov 20, 2012
Sally Rosenman answered:
Dear Jim,

This is a Below Market Rate unit with specific requirements. The Mayor's office of Housing has all the requirements needed and in what ways the Mayor's office can help you with the downpayment. Please go to and look under Mayor's office of housing. It is best to go to that site because BMR units have different requirements for loans.

Good luck,
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0 votes 4 answers Share Flag
Sat Feb 15, 2014
Christopher Pagli answered:
Hi, It can be a conflict of interest mixing general contracting with home inspecting. There was recently an arfticle posted about avoiding home inspectors that are also general contractors. It would have to be your call, be clear on the laws as well.

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0 votes 5 answers Share Flag
Tue Nov 13, 2012
Irina Karan answered:
Before becoming a realtor, once upon a time I was a 1st time home buyer.

I remember coming inside our 1st house and thinking: "The ceiling is too low".
But, the price was right, location was great, so I let my husband talk me into buying
that home. He loved it, but I was not in love. It was a purely rational decision for me.

Well, every day after the closing, I'd wake up and look at the ceiling that was hovering above me,
and think the same thing: "It's too low!"

So, we sold that house 2 years after, and got the one with higher ceilings, lighter, brighter and overall better. Both of us loved that 2nd home.

What I have learned from this experience: If you don't like something about the house that can't be changed later on - don't buy it, and make sure that all purchasers are genuinely happy with the property.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
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0 votes 8 answers Share Flag
Wed Nov 7, 2012
Ron Thomas answered:
If your name was on the Loan Papers, then you will have a waiting period of THREE YEARS from the date of Close of Escrow from selling your old house.

You could always not worry about FIRST TIME BUYER programs;
you can still buy a house.
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0 votes 8 answers Share Flag
Mon Nov 26, 2012
Sally Rosenman answered:
Sorry I am too busy celebrating Obama! But you can go to my website and check under Mortgage Brokers. Call Tim Wood or Ephraim Schwartz or Serena Greening.

Good luck!
... more
0 votes 6 answers Share Flag
Mon Nov 5, 2012
Jerry Guay answered:
3.65% 30 year fixed with no points may be a good rate depending on your credit score, loan amount, loan to value percentage etc., and the rate will fluxuate daily. Multiple opinions are always a good idea. ... more
0 votes 8 answers Share Flag
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