Home Buying

Is an adjustable rate mortgage a smart move for those buying foreclosures in San Diego? Bloomberg News recently revealed that more Americans are now ‘gambling’ on ARMs (adjustable rate mortgages) than they have in 5 years. Considering what happened a couple years before that, is this really an intelligent financial move? Despite how busy the […]

According to a new report, 46% of modified home loans under the government HAMP program (2009) are re-defaulting. On top of this, 38% of the modified home loans made in 2010 are also defaulting again. With the number of these loans re-defaulting, investors can capitalize on the situation while helping distressed homeowners. One of the great win-wins, for each party, can be acquiring the mortgage notes. Investors who do so can modify the loan to help homeowners and then flip or hold the property.

The media has made no secret of the fact that the San Diego real estate market is heating up and foreclosure rates are dropping quickly. However, there are still quite a number of these distressed properties in San Diego County. In addition, short sales are readily available to those who know where to look. Remember that while we are enjoying one of the healthiest and fastest improving housing markets in the country, homes here are frequently selling for 30% less than their previous high. They will get back up there soon and go even higher, but there are incredible deals to be found if you know where to look and move quickly.

For brand new real estate agents, who should probably begin interviewing before they even get their license, the options seem vast. However, the single most important guiding factor ought to be training and help. Those that have already completed real estate licensing courses, and even state exams, know that they really haven’t been prepared adequately to go out into the field. So look for a firm that has a great training program and a broker that is really dedicated to helping you win. Often times, this is found at the biggest international franchises like Coldwell Banker and Century 21.

Investors are constantly looking for new strategies that allow them to find viable inventory in tough markets. San Diego, in particular, provides investors with plenty of challenges. However, house flipping tips for San Diego markets are readily available. You just need to know where to look. Those that have been in the game for just a few months may believe that they have heard of all the house flipping tips they need. There is a substantially large, virtually untapped, market of highly motivated and flexible property owners in San Diego County that can make excellent prospects for those looking for deals. While this may certainly be amongst the most unconventional house flipping tips for San Diego, it is worth looking into.

How can real estate agents, brokers and investors tap into rapid growth to propel their businesses and return on investment (ROI)? Growth hacking, for those who are not familiar with the concept, is all about getting bigger over a shorter period of time. Done correctly, growth hacking requires less effort and offers maximum ROIs. It’s a lot like guerrilla marketing. However, it is more technical, strategic and offers more leverage than sweat equity.

According to a recent report by the local paper, foreclosures in San Diego are down to a seven year low, while local home prices have risen 15%. At the same time more home buyers of all types are out in force and highly motivated to bid and score a property in the face of rising interest rates. So how and where can real estate investors find foreclosures for acquiring rentals and flipping houses in San Diego today? Perhaps the first question real estate investors should be asking is how can you get better deals on properties that are on the market. Just because some asking prices are sky high, you can still offer less, move faster, find ways to pay cash, and position yourself as the better buyer.

More jobs are being added to the economy, with many more small businesses launching and independent entrepreneurs launching their own careers. This combined with trends towards smaller and home working spaces as wells as small housing units suggests live-work units could be a prime pick and some of the most in demand property over the next 5 years at least.

If local investors and financiers really work together, there could be great potential for using this area to create a significant startup community. Connecticut real estate could bring in more tech to ensure the city evolves and remains a hot area for doing business, attracting young families and great talent. This will aid in propelling local property values, drawing global investment dollars and creating more profit for real estate investors.

When first getting into the business real estate agents in particular are slammed with dozens and dozens of products and services promising to help them, but most fail to deliver because they are not used effectively. By incorporating systems, agents can slash administrative labor hours in half and add over 10% to the incomes of six figure earners in a matter of a few weeks.