The Real Estate Debate

Hello, Today's post is about being bold and seizing opportunities. Oftentimes when things are uncertain it makes people hesitant, people fear the unknown. Due to everything going on it has created an environment of uncertainty. People aren't sure what to do or how to move forward as a result it has created opportunities in the real estate market. Right now there are a lot of people that were looking to buy homes that have put that on hold because of everything thats going on right now with the Coronavirus etc...which means there are less buyers in the market to contend with but there has not been a reduction of home values or number of sales. Also, the rental market is very strong right now and the demand is only going to increase. If there is an increase in foreclosure activity as anticipated then there will be more people in the rental market. As a investor now is a great time to be purchasing rental property and adding units to your portfolio. Rental rates are going to conti...

Good morning friends, The Covid-19 Coronavirus has led to some challenging times for all of us. So in today's post I am going to share with you what a Mortgage forbearance is and what its not ​The Government has created the CARES Act, to assist homeowners whose income may have been adversely impacted by the coronavirus.  One of the components of the CARES Act is the possibility of mortgage forbearance. Forbearance is often misinterpreted.  While it is intended to help, it can also have some dangerous repercussions.   Many people are mistakenly thinking that forbearance equals forgiveness.  It does not.​ What is a Forbearance? With this option, you and your mortgage company agree to temporarily suspend or reduce your monthly mortgage payments for a specific period of time. This option lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current. Forbearance may be an option if you are: Behind on your...

Hello, today's post is about the current state of the California Market. Specifically the Northern California m arket because there are some interesting things happening. Over the last few months there has been very decisive shift in the market from a fairly strong sellers market to a market that is softening and becoming a buyers market. That change caught many off guard and I must admit I too was caught off guard by this shift in the market place. The market was humming along at a very brisk pace coming out of last year, sellers were receiving multiple offers on homes and buyers were finding themselves in bidding wars. Which in hindsight is somewhat on par because typically around the Holidays and Winter months there are less homes on the market and less buyers in the market as well. Which I have always said can create great opportunities for sellers that don't mind having their homes on the market in the Winter and around the Holidays. With fewer homes on the market and the...

Today's post stems from an encounter I had last night while at local Sprint store. I stopped in to see if I could pick up a charger for my watch, so as the guy is looking up my account he notices that I am in real estate sales. He starts asking me questions about the real estate market(as almost everyone does once they find out what I do) and as we are talking be says that his co-worker could buy a house right now and points to him. He says that he didn't though because went out and bought a new car . The guys says it's true he could have bought a house but he didn't see the value in buying a home and opted to buy a new car instead. Rather than start brow beating him with all of the benefits of home ownership, I asked him about his reasoning for buying a new car. I asked him if there was something wrong with the car he had? He said no. So I asked him why he bought the car if not out of necessity and he said that he bought the car because he wanted the enjoyment of driv...

So once again I found myself in a presentation about how the future of real estate is going to be changed forever by this company. Right away I saw the multi-level marketing aspects of this company, as with every multimulti-level marketing presentation and (I have been to dozens). They all start of the same way, they start by talking about how Facebook was started and how the 3 guys that got in with Facebook in the beginning are Billionaires and the 2 that didn't well...you know. As with every multi-level marketing company I have seen, the focus is on recruiting others into the business not providing good service to the customers. Other than talking about how fast the company is growing (which they all do) they spent rest of the time talking about all of the technology they use. Technology certainly is and will have a major impact on the real estate industry but nothing can take the place of great service and providing a great customer experience. One thing is most definitely tru...

Today's post is a bit of a rant, but I have to get this off my chest. People spend money on some of the dumbest things to me. Rather than spend money on investments, they spend money on cars, clothes and a bunch of other things that has no real value. People have become so materialistic and so focused on looking like they have money rather than doing the things to actually have money. I have a term that I use to describe people like that "Hood Rich". Now I am not saying that people are hood or anything like that. It actually doesn't pertain to were you live, it pertains to your mentality. It's like someone driving a $80k car and living in an apartment. Why? I would rather drive a Toyota Corolla and live in a Mansion than drive a Mercedes and live in a 1 bedroom apartment.  I said all of that to say that people need to spend their money on things that will appreciate (increase in value) not things that are worth less money the moment you buy them. Now I am sure t...