Ocean Close Vacation Condo for Sale – Dana Point, CA

Dana point vacation condo for sale

This is a terrific opportunity to own a remodeled vacation condo next to the 5 star St. Regis hotel.  The property is currently grossing over $40k per year and the owner is a vacation rental expert.  She has replaced all of the windows and remodeled the until with a brand new kitchen and baths.  It… Read More

Multifamily Appartment Homes May Be a Safe Harbor for Investors

For years, the over inflated residential housing market has made investors nervous. Prices have risen far beyond fundamentals. In most Orange County real estate, break even on cash flow required 50% or more down. With these requirements at today’s prices, it was getting harder and harder to make a property cash flow. Before the market… Read More

Want to make money in Orange County Real Estate? Trustee Sales may be your Best Bet!

They have a saying in politics, “all politics are local”. The same applies to real estate. In Orange County, it has become very difficult to achieve the American dream of increasing wealth through real estate. Prices remain high and double digit appreciation has disappeared. After months of putting great deals together on foreclosures, tax sales,… Read More

An Eviction Overview & Tips to Avoid a Do Over!

This information is not meant to be specific legal advice. Although it is believed a reliable overview, it is not guaranteed. The laws in California change frequently and you should consult an attorney for specific legal advice. As a first time Landlord, eviction can sometimes seem scary. With the right document preparation and procedure, it… Read More

San Diego Tax Sale

On February 23, 2007 the county of San Diego, CA had a tax sale. The purpose of the sale is to collect taxes that have been unpaid for 4 years. Traditionally, tax sales have been a good opportunity for investors to purchase real estate for pennies on the dollar. I personally know several individuals who… Read More

Caution to Investors buying Pre- Foreclosure Real Estate

A Cautionary note to investors looking to purchase pre-foreclosures real estate. The state of California calls these transactions equity sales. As a buyer, you must use a special form that gives the seller the right to cancel the transaction up to 5 days after signing the contract or 8:00 am of the day the property… Read More

The latest Gary Watts Real Estate Outlook for Orange County California

Titled “a little bit of heaven in 2007!”, Gary Watts has released an updated forecast for Orange County Real Estate in 2007. From the title, you can tell that his outlook is optimistic. As most of us in the industry know, the media has been taking the numbers and blowing them way out of proportion…. Read More

California Foreclosures decrease in December

Further proof that we are building a base. Today, Realtytrac.com reported a -34.42% change over last months California foreclosure rate. Even though the rate is down from last month, it is still 64.49% higher than December 2005. With interest rates holding fairly low, we’ll have to see if things continue to settle down. I certainly… Read More

How to Save Money on Title Insurance when you are Flipping a House

If you are an investors or homeowners and plan to hold a home a relatively short time, consider binding a title insurance policy. By doing so, you will pay an extra 10% of the title policy cost based on the value when purchased. When you sell, you will only pay title insurance on the increased… Read More

Borrower Paid Mortgage Insurance is now Tax Deductible

More good news for buyers. Congress recently passed a new law that makes borrower paid mortgage insurance a tax deductible item for people that earn $110,000 or less annually. For most people this will equate to an additional savings of over $400 per year. Previously mortgage insurance was not a deductible item. The borrowers only… Read More