ideal down payment

Majority Prefers A 10% Down Payment Being in real estate, and helping buyers with their purchases I have been able to see a lot of peoples financial situations over the years. We know that housing is very important, but in the recent past I have started to see a shift in the type of houses people have wanted to buy.  For example, no too long ago it seemed as though having the nicest house, in the best neighborhood, with the most square footage was the most important.  Now, it seems as if there is a shift.  Instead of going after the most square footage, it seemsRead More →

Working in Real Estate, specializing in working with investors, I help people create and grow their wealth. Just today, I was speaking to a new investor that had just purchased his first single family income property, and was very excited, admittedly probably too excited. When we first started digging into the numbers, it seemed apparent that he would end up making about $150-$200/month after paying the mortgage (Step 1), but I had to bring him back down to earth when talking about the other expenses that would be involved (i.e. repairs, maintenance, property management fees, etc.). Not to mention, if the tenant wasn’t up toRead More →

Freddie Mac predictions for the CA real estate market show that we should have a healthy market continuing into 2018.  New home sales are supposed to be the “primary driver” of sales in 2018 and we should see about a 2% increase in sales, across the board.  They are also saying that we should see an increase of 4%+ in value, as compared to 2017 which we saw a 6%+ increase in value, due to the historically low interest rates mostly.  “The economic environment remains favorable for housing and mortgage markets,” says Freddie Mac chief economist Sean Becketti. Now, on to the real news! DoesRead More →