I have written on several occasions about the ability to use retirement funds to purchase real estate.
There is a window of opportunity to convert IRA funds into Roth IRA funds and spread the tax impact out over two years.
As you probably know, for “regular” IRAs, before-tax funds are placed in an IRA where it grows tax free […]
Entries Tagged as 'Investment Real Estate'
Additional opportunity to use Retirement Funds to buy real estate
March 1st, 2010 · No Comments
Tags: Use retirement funds to buy real estate · Pending Legislation · Investment Real Estate · Helpful Sites
Foreclosure Opportunities in East Palo Alto and Menlo Park
December 3rd, 2009 · No Comments
One of the most active and strongest markets on the San Francisco Peninsula can be found in the Belle Haven area of Menlo Park and in East Palo Alto.
Most of the listings in these areas are either short sales or foreclosures.
Run-down fixer uppers can be found sometimes below $200,000 and generally between $200,00 and $250,000.
These […]
Tags: Foreclosures · First-time home buyers · Short Sales · East Palo Alto real estate · Menlo Park Real Estate · Investment Real Estate
Use IRA funds to purchase income producing real estate
June 21st, 2009 · No Comments
I recently represented a buyer who used their IRA funds to purchase a single family home for investment.
The purchase price was $258,475.
Since the property was purchased with cash from the buyers’ IRA accounts, closing costs were minimal since no loan costs were involved.
Closing costs were approximately $2,500 so total cash invested was $260,975.
This 3 bedroom […]
Tags: Investment Real Estate
Is the real estate market approaching bottom?
March 29th, 2009 · No Comments
The Sf Chronicle often paints a fairly bleak picture of the local real estate market.
However on today’s front page, the San Francisco Chronicle reports on some postive movement in the market.
The SF Chronicle reports that the Bay Area median price is around $300,000 and that with a Bay Area median income of $80,000, one can […]
Tags: First-time home buyers · Foreclosures · Investment Real Estate · Real Estate Finance
All home-related stimulus info including loan mods and tax credits
March 7th, 2009 · 1 Comment
Curtis Van Carter of the Napa Valley Address provides and the information and relevant links to answer the questions many folks are asking.
Curtis and my Sonoma colleague Pam Buda of Wine Country and Horses indicate there are lots of good buys in their areas right now though market activity appears to be picking up.
Maybe a good […]
Tags: Investment Real Estate · Helpful Sites · Vacation Property · Inspiration
Is it a good time to buy?
March 2nd, 2009 · 2 Comments
That is the $64Million question on many folks’ minds.
Here is my “take”:
In my San Francisco Peninsula market, I would say:
Are there good values to be found? Yes.
Are we at botttom? Probably not. I expect contiuned downward pressure on prices. (In most San Francisco Peninsula cites, values are down maybe 10% to 20% from the peak […]
Tags: East Palo Alto real estate · Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · los altos real estate · San Carlos Real Estate · Menlo Park Real Estate · Palo Alto Real estate · Sunnyvale Real Estate · Investment Real Estate
11 unit apartment building for sale in San Carlos
February 27th, 2009 · No Comments
440 Walnut St, San Carlos has just come on the market at $2,000,000 and is listed by Jocelyn Jamias of NAIBT Commercial.
This property consists of 10 one bedroom one bath apartments and 1 two bedroom one bath apartment and is located just 2 blocks from downtown.
Current gross income is $141,900 - priced at 14.1x gross […]
Tags: San Carlos Real Estate · Investment Real Estate
FNMA eases guidelines on investor loans
February 16th, 2009 · No Comments
I have recently written on several occasions that this market is a good opportunity for first-time buyers and for first-time investors.
On February 6, 2009, FNMA amended its policy on investor loans. Prior to this time, the maximum number of loans was 4. This has now been increased to 10.
FICO scores of 720 and above are […]
Tags: Credit Information · Investment Real Estate · Real Estate Finance
Buyers always contact me and say they want to buy a foreclosure.
February 6th, 2009 · 1 Comment
I get several inquiries or phone calls a week from buyers wanting to buy a foreclosure.
I ask: Why? They say: To get a good deal.
They want a list of foreclosure homes before the lender forecloses on the home - Realty Trac sells this information.
In my opinion, this is the wrong strategy for buyers who want […]
Tags: Foreclosures · Credit Information · Investment Real Estate · Cool Listings
Good news for Investors - Fannie Mae rule change
February 6th, 2009 · No Comments
Until today, Fannie Mae had a rule that they would not buy mortgages from borrowers who had five or more real estate loans - or perhaps more accurately stated - mortgages from borrows that had loans on five or more properties.
Fannie Mae changed this rule today:
Per Fannie Mae announcement 09-02:
Multiple Mortgages to the Same Borrower
To […]
Tags: Credit Information · Redwood City real estate · Pending Legislation · Portola Valley Real Estate · San Carlos Real Estate · Sunnyvale Real Estate · Investment Real Estate · Menlo Park Real Estate · Palo Alto Real estate · Real Estate Finance