California Real Estate Investing Tips for New Investors

California

California real estate investing can be tricky for investors inexperienced in buying properties for profit. California has taken a hard hit in foreclosures since the subprime lending crisis. According to DQ News, nearly 80,000 foreclosures occurred within the third quarter of 2008 and continued to rise through the first quarter of 2010.

California real estate investing could turn out to be the next gold rush for investors who purchase foreclosure properties. DataQuick states, “At formal foreclosure auctions last quarter, an estimated 24.6 percent of foreclosed properties went to investors. That’s up from an estimated 17.6 percent a year ago.”

 

Some California markets have witnesses housing prices drop as much as 30-percent; making real estate more affordable in the Golden State. However, home prices are beginning to rise in inland areas and property sales rose by nearly 10-percent in Los Angeles, San Diego, San Bernardino, and Orange counties. Investors who desire to purchase investment property should develop strategies now as real estate prices are expected to escalate throughout the year.

 

In order to turn a profit with California real estate investments, investors must take time to learn about the market as well as real estate laws. This is particularly important for investors who plan to use properties as rentals.

 

California has some of the most stringent landlord tenant laws in the country. Investors should visit the California Department of Real Estate website before buying investment properties. First time investors would be wise to work with a real estate attorney to ensure they are in compliance. Otherwise, they could be subjected to exorbitant fines.

 

The U.S. Census Bureau reports nearly 500,000 people move to California each year. This presents profitable opportunities for real estate investors who understand the needs of new residents. Many people who relocate need suitable housing with easy access to interstate systems and located within desirable school districts.

 

Investors who take time to review real estate trends and comparable sales reports can better determine housing market trends. Investors should locate the best school districts and focus on providing affordable housing to families with school-aged children. Networking with other real estate investors can shed light on what types of homes tenants and home buyers want.

 

Another niche investors should consider is offering houses for sale using creative financing options. Many people think of creative financing as illegal, but nothing could be further from the truth.

 

In today’s economy, obtaining a home mortgage loan has become difficult for buyers with less than perfect credit. Many California residents want to purchase homes but are unable to qualify for financing. Investors can solve this problem by offering properties as lease-to-own or providing seller carry back financing.

 

With lease-to-own homes, buyers provide a down payment and a portion of rent monies are contributed toward purchasing the home. This type of financing typically extends for two or three years to give tenants time to rebuild credit. When the contract expires buyers obtain financing through a conventional lender.

 

With seller carry back mortgages, investors act as the lender and carry all or a portion of financing. Buyers provide a down payment and submit monthly installments to the seller. Most investors carry back a portion of financing and borrowers obtain a home loan for the balance. Seller carry back contracts usually last between two to five years. Once the contract expires, buyers refinance mortgages into a conventional home loan.

 

Investors who buy homes in the state of California have many opportunities to obtain a good return on investments. However, they must engage in due diligence when buying distressed properties or offering creative financing.

 

It is best to develop of network of real estate professionals including attorneys, realtors, mortgage brokers and private investors. Join California real estate clubs to locate potential business associates and expand investment opportunities.

 

Sources:

 

DQ News (DataQuick) – www.DQNews.com

DQ News – California Foreclosure Statistics – www.dqnews.com/Articles/2010/News/California/CA-Foreclosures/RRFor100420.aspx

California Department of Real Estate – www.dre.ca.gov

U.S. Census Bureau – www.census.gov

Tree Top Drive, St. Charles, Missouri, Real Estate Slide Show

Estate

Tree Top Drive is a drive through community of homes with a main road and several courts located off the main road. The subdivision is completely surrounded by residential communities on all sides and is a passageway between Country Club Road and Muegge.

The location is the greatest aspect of the community with immediate access to Interstate 70 and easy access to Highway 94 or 364 (the Page Extension). Shopping on Zumbehl road or Cave Springs is just minutes away. On a nice summer day, you could even walk to shopping. There is a plaza just around the corner that includes a grocery store, fast food, and a craft store among many other types of retailers, hair salons, and such. Because everything is in close proximity, you will often see walkers, bike riders, and pedestrians within the community. Bogey Hills Golf Course is just around the corner as well.

 

Tree Top Drive has sidewalks and streetlights and does not allow parking on the main road, which adds to resident security. Because the community creates a shortcut between two major roads, it does receive quite a bit of non-resident traffic, which can be a huge deterrent for individuals with small children. The multiple courts located off the main road would be a better option for those with children, but still not ideal.

 

Homes for sale in this community are typically below average price. Most of the homes are ranch style homes with basements. Bauer Realty has had listings in this community. You can contact them directly at 636-447-3300 for information about current pricing and homes available.

 

If you live on Tree Top Drive you will need to contact the Francis Howell School District to determine if your subdivision is located within their school district. Boundaries for school districts can change so you will want to determine which district you are in before purchasing a home if schools are important to you. Their main website page can be accessed at fhsdschools.org.

 

Before moving into any subdivision, you will also want to be aware of any potential dangers that may exist including any registered sex offenders. You can determine if this subdivision is at risk by visiting the Missouri State Highway Patrol Registry on line at the following link: SEX OFFENDER REGISTRY

 

SEE SLIDE SHOW of SUBDIVISION

Bluff Meadows at the Bluff, Subdivision, Real Estate, Slide Show

Estate

Bluff Meadows Subdivision is located in “The Bluffs” of St. Charles, Missouri. The Bluffs are an exclusive and private community composed of several subdivisions including Bluff Meadows Estates, Woodmere, and Bluff Meadows. The community is located off Caulks Hill Road on the southern most end of St. Charles. It is set back from any main access roads, which creates a very private and intimate woodsy feel. The subdivision is surrounded by collective neighborhoods but also by mature trees and nearby conservation areas. There are sidewalks and streetlights throughout the community providing safety and convenience for children, runners, and dog walkers. The subdivision is very family friendly. Many of the homeowners have pools or outdoor play equipment in their oversized lots.

Having a private setting in this community means forgoing some conveniences, like access to main roads and shopping. Caulks Hill has become a very busy road for residents with an abundance of neighborhoods located off this once country road. While commercial locations are growing in numbers along this busy road, shopping is limited. There are a few salons, dog grooming services, and insurance agents, but the closest grocery, retailer, or fast food establishment is at least 8 to 10 miles away at the Harvester Shopping Center off Highway 94. Access to Highway 70 is not very convenient either, but a 15 to 20 minute drive will get you there. The Mid Rivers Mall will be a longer drive from this community at about 30 minutes.

 

Much like the subdivisions that surround this one, it is comprised mostly of modern 2 story homes and lots that are above average in size. Home prices in January of 2010 are in the 200’s. It is very secluded, quiet and serene. The main entrance is located off Bluff View Drive, which stems off of Caulks Hill Road providing private access to residents.

 

Bluff Meadows Estates is located in the Francis Howell School district. Elementary children would attend Castlio Elementary, middle school children would attend Barnwell, and High School students would go to Francis Howell North according to the Francis Howell School District website: http://sup.fhsdschools.org/streetlist.asp. You can reach the school district directly to confirm and register at 636-851-4000. Their main website is located at http://www.fhsdschools.org/.

 

Anytime you have small children, you will want to learn of any potential dangers in the area. Most people check the Missouri State Highway Patrol, Sex Offender Registryas a precaution. You can access their website at: http://www.mshp.dps.missouri.gov/MSHPWeb/PatrolDivisions/CRID/SOR/SORPage.html. Agree to the disclaimer and enter your zip code for an updated list of offenders in the area and be sure your child is aware of the possible dangers and where they exist.

 

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An Analysis of the Lynchburg, Virginia Real Estate Market

Analysis

If you are the type of person who is tired of the everyday troubles from living in the city and are looking for something a bit more peaceful, then perhaps you should consider the Lynchburg, Virginia Real Estate Market. If you are not ready to become a complete loner and still want to have easy access to restaurants and theaters, then the Lynchburg, Virginia Real Estate Market is for you.

Lynchburg is a very open community in that it opens its doors to not only new comers from other parts of the state, but also from other parts of the country. For a family desiring to relocate the Lynchburg, Virginia Real Estate Market has a wide array of free information on their educational system and specialized centers.

 

In fact, Lynchburg, Virginia has been recently rated by Money Magazine as one of the top fifty places to raise a family within the United States. The Federal Bureau of Investigation has named it as one of the most safest places in the United States as well. You could not ask for a better area to raise your family, plus it also has one of the best health care systems in the nation.

 

Oftentimes, when you relocate into a medium sized town like Lynchburg, Virginia you might experience such problems as you would in a much larger town in regards to living expenses, traffic congestion, and crime rate. However, you will the same amenities that you would get in a large city in Lynchburg, Virginia without having to deal with all the other underlying problems.

 

One of the best investments right now the Lynchburg, Virginia Real Estate Market would be Richland Hills. It is a smooth blend of old and new in the southern region that is not only alive with colors, but has that protective feel to it. There are many moving packages available that offer a variety of brochures to help you will all your personal amenities once you select a home.

 

Richland Hills could be your families’ key to a new home and the beginning of a new future within the mountains of Virginia. Take time to inquire about all the available listings in the Lynchburg, Virginia Real Estate Market, which is among one of the fastest growing places in Virginia right now. Lynchburg, Virginia is a rapidly growing city where you will never run out of fresh new things to do.