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Oxnard : Real Estate Advice

  • All165
  • Local Info10
  • Home Buying47
  • Home Selling8
  • Market Conditions0

Activity 87
Fri May 3, 2013
Barry Shapiro answered:
If you are buying as an investment property, you will need 25% down. The lender will only factor in (calculate) 75% of your anticipated rental income. That's because they factor in a 25% vacancy factor. Be sure you pay close attention to the HOAs, as sometimes rentals are not allowed for a year or so. Also, the HOA fee can affect your cash flow. The good thing is that Uncle Sam (IRS) provides for tax advantages in leveraged long-term investment properties. You can depreciate the building, write off the interest, deduct for repairs, and even deduct the property taxes and insurance + HOAs. Consult with a tax advisor to discuss your particular situation. Contact me for you free copy of 'Millionaire Real Estate Investor', written by Gary Keller, the founder of Keller Williams Realty. Keller Williams just so happens to be the largest real estate company in the U.S. -- I've owned 5 rentals myself, so you should consider working with an agent that has already been around the block in relation to long-term real estate investments. Good luck! ... more
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Sat Jun 1, 2013
Chris Chin answered:

Proof from your lenders should suffice underwriters requirements. But it is best to ask your loan officer to give you specifically what the underwriters need to satisfy the requirements as they can differ lender to lender. Contact me if your current lender will not give you a pre-qual or pre-approval letter. I work with a few good local lenders.

Chris Chin
Seaside Realty
... more
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Wed Jan 30, 2013
og187.818yr asked:
0 votes 0 Answers Share Flag
Wed Jan 30, 2013
og187.818yr asked:
we have lived in our 3 bedroom home for almost seven years, but our family size has gotten smaller so now we only qualify for a 2 bedroom
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Thu Aug 15, 2013
Ron Thomas answered:
Would you really want it to be that easy?
Would you buy a house based on that information?
Is a WAG, (wide --- guess) worth anything to you?

Your Realtor will do a CMA, which is almost as good as an Appraisal.
It will take into consideration a lot of facets that will determine the Market Value.
Please do it right; talk to a local Realtor.
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Mon Sep 23, 2013
Brent and Rebecca Conley answered:
The time it will take to close. If it is a real price that the bank may accept. (Within 10% of sold comps, typically) What will stay with the property at COE. (if its rented things go missing...Oven, ceiling fans, etc.) There are more but that is why you need to hire an agent that understands these risks. (Doesnt have to be me just get a good one) ... more
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Sun Oct 14, 2012
Barry Shapiro answered:
The question right now is not 'Should You Buy?" -- but, rather, 'Can You Buy?' a home. There are multiple offers over list price and very low inventory. Oxnard only has 30 homes 'active' under $300K. So, I recommend you do not try to buy if you do not have ALL CASH. It will be a very frustrating experience for both you and your agent. You will be running around from home to home, getting emotionally involved with the property, only to find out they accepted a cash offer. The cash buyers are snapping up the deals right now. So, pass for now... wait for a surge in inventory once the shadow inventory gets released, and then you'll have more homes to choose from and more negotiating power. Interest rates should remain stable for the reason you sited above -- the economy isn't growing. ... more
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Mon Oct 22, 2012
Carina Powers answered:
Hello, Where are you looking to buy? I am happy to help you.
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Fri Aug 31, 2012
Team Komar answered:
I have closed 6-7 VA lender homes with NAVY SEABEE Officers since January. I highly recommend UNITED VETERANS formerly VA Home Loans. Let me know if you have any further questions. I have served from E7 Chief Petty Officers to 2nd in Command at Port Hueneme. As a smaller
independent available 24/7, I would feel priviledged to help another selfless Warrior of this great nation.
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Fri May 3, 2013
Cindy Davis answered:
You will pay it along with your property tax. It will just be a higher tax payment than for a home without mello roos. If there is any good news about Mello Roos, is that you can write it off on your taxes. ... more
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Wed Aug 29, 2012
Harold Sharpe answered:
You should consult with your CPA.
you might want to read the IRS website info,,id=204671,00.html

Harold Sharpe - Broker
So Cal Homes
(951) 821-8211
California Department of Real Estate Broker License # 01312992
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Fri Sep 7, 2012
Rob van Haaren answered:
In some area's there is . What area's are you looking at ?
Feel free to contact me.

Rob van Haaren
Troop Real Estate
0 votes 3 answers Share Flag
Fri May 3, 2013
Terra Bruns answered:
Here in Santa Clarita, we have areas that have Mello Roos and some areas that have a special bond tax for schools and firehouses, etc. It depends on the development that you are looking to buy in and whether the developer passed it on to the buyers. Some times the tax isn't too exorbitant, and other times it is downright CRAZY!! Just let your realtor know that you don't want Mello Roos, and they can filter your search appropriately. Also, they should be able to give you a link that you can go to and find out almost exactly what the taxes will be for that home, so you can go into any purchase with your eyes wide open. I hope this was helpful! ... more
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Wed Jan 30, 2013
Robert Chomentowski answered:
You might check Often the rentals listings will note if they take Section 8.
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Sun Dec 2, 2012
Barry Shapiro answered:
Pacifica High School is in the upper left (North/West) corner of this neighborhood. Safety related factors can be determined by going to the Oxnard City Police Dept (or their website @ )... ... more
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Sun Jul 15, 2012
Barry Shapiro answered:
These brand new homes are located in a gated community and come with an alarm system. Check with the Port Hueneme police dept and city hall for local crime stats., etc. The HOAs are a bit on the high side. It's a good idea to be represented by a real estate agent, even on new construction homes. Be aware that the commute to the 101 fwy to access the rest of Ventura County can be time-consuming from PH. Good luck exploring! ... more
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Sat Jun 23, 2012
Barry Shapiro answered:
Refer to the Local Police Dept @
and/or the Neighborhood Watch website:
Blackstock South:
Yucca St. to Bard Rd.; Saviers Rd. to County Railroad Tracks
Contact: Edmund D. Ellis, Jr. (805.484.9197)
Good luck!
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Fri May 3, 2013
Sandy Acevedo answered:
HI Dori,
Within the past 6 months, at Seabridge, there have been 7 sales. The average days on the market for these sales has been 135 days or roughly 4.5 months.
Please understand that this is a snapshot of that community within the previous 6 months. Market conditions may vary at any time and this figure is an average. for example, there was one that sold in 13 days and another that took 294 days.
I would be happy to email you with this data and any other information regarding this community. I can be reached at 805-312-5725
Sandy Nichols
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Fri May 25, 2012
Ariel & Karen answered:
We would be happy to refer you to some exeptional loan officers here in Oxnard. Call us at 805-746-2070 or provide your email address and we will give you the details. We'd love to help you in your home search, too, after you obtain a pre-approval to determine your buying power. ... more
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Fri Nov 14, 2014
Jeff McDermott answered:
Yes, the Shores is a good neighborhood. I have lived there for the past 12 years with my family and obviously there is crime everywhere but the Shores is a safe neighborhood.
0 votes 6 answers Share Flag
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