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Rental Rates are going up, Up, UP in Long Beach… You might as well BUY!
Rental Rates are going up, Up, UP in Long Beach … You might as well BUY!
For all of your Real Estate needs and more, Call Ricardo the Realtor.com
562-533-4003
Rents are going up Up UP!
Per City News Service / Patch.com :
Apartment-dwellers in Los Angeles and Orange County can look forward to triple-digit increases in their rent over the next two years, thanks to growing demand and low vacancy rates, according to a USC report released today.
According to the study prepared by Beacon Economics for the USC Lusk Center for Real Estate, average rents are expected to jump over 2015 levels by $109 in Los Angeles County and $149 in Orange County by 2018. In the Inland Empire, average rents are expected to jump by just $84, but in San Diego County, renters can expect a $155 hike.
The rent hikes and continued high demand are in spite of more than 38,000 new apartments being planned across the four areas, according to the 2016 USC Casden Multifamily Forecast.
How much longer can you afford to pay RENT?
Here are 5 SOLID Reasons to STOP Renting and BUY your own house.
1) BUILD EQUITY!
Consider the amount of equity that you could have already built. How much equity can you build in the next 2, 5 or 10 years? Equity builds as you pay down your mortgage and your property appreciates.
2) STOP THROWING AWAY MONEY!
The money you have been paying each month as rent is building your landlords equity. When you move, you do not see a dime of this money. Rather than pay your landlord’s mortgage each month, put the cash to work for you in your own home.
3) STABLE PAYMENTS.
Landlords determine how much you pay each month, and they can increase the rent at their leisure. But if you get a fixed mortgage loan, your home loan payments remain the same for as long as you own that home. You no longer have to worry about rent increases, or move because you cannot afford a higher rent payment.
4) MORTGAGE RATES ARE HISTORICALLY LOW!
Super low mortgage rates will not last forever. If you have ever considered buying your own home, purchasing now can result in a cheaper loan rate and lower monthly payment. As a result you will get more house for your money.
5) YOU CAN QUALIFY!
If you have a high credit score, sufficient income & you meet a lenders other requirements, there is no reason to throw away money each month. Buying your home is not a complicated process when you are walked through the process by our team.
We can get you on the road to home ownership. We have plenty of clients that have realized their first home purchase. They would be more than happy to speak to you about their experience and let you know how happy they are that they made the decision to cut the ties of renting and bought their own home.
Long Beach Homes and Luxury Estates Team – Million Dollar homes For Sale
For all of your Real Estate needs & more… Call Ricardo the Realtor.
562-533-4003 or RTR@RicardoTheRealtor.com
#StopRenting#FirstTimeHomeBuyer#buyahome#qualifytoday#AmericanDream#OwnYourOwnHome#RicardoTheRealtor#LongBeachRealEstate#5StarRealtors#EquityBuilding
Why Now is the Best Time to SELL Your Home Before the Holidays – 10 Reasons Why
Why Now is the Best Time to SELL Your Home Before the Holidays
Top 10 Reasons to SELL Your Home Before the Holiday Season
| http://ricardotherealtor.com
Todays “Did You Know” segment:
“Why should I sell my home now right before the holiday season? Why not wait to the beginning of the year?”
Plenty of homeowners may have the same question. We want to share with you what home sellers about selling their home with Ricardo The Realtor Team today and not next year.
Top 10 Reasons Why NOW is the Best Time to Sell Your House
1) There are motivated buyers in the market that must buy for tax reasons. Home Owners that are thinking about selling should take advantage of the home buyers NEED to buy. Many need to have write offs before the end of the year.
2) During the holiday season there are typically less homes on the market. As if we did not already have a low inventory of homes in our area. Well, you know what this means. Its not “Rocket Surgery” after all, less supply means less competition. Less competition means more money in your pocket.
3) Many home buyers have time off during the holidays, which increases their availability to see homes. 9 out of 10 Realtors know that home buyers that “house hunt” during the Holiday Season tend to be serious buyers.
4) We can all agree that buying a home is an emotional purchase and emotions tend to run high during the Holiday Season. Strategically, having the opportunity to work off a buyer’s emotion is in whos favor? Your favor the home seller… buyers tend to offer a higher price when emotions are involved.
5) The Holiday Season reminds many people of family. The home is the foundation of the family unit. More families become motivated to buy during the Holidays more than other times of the year.
6) The interest rates continue to be incredibly low, which allows a homebuyer to afford more in the housing market. When rates are low, buyers tend to present higher purchase offers. The Federal Reserve just stated last month that there is almost a 70% probability that the interest rates will increase next year. That means that the average home prices will decline.
7) Many sellers will wait and list their homes for sale after the first of the year. This causes a lot of new inventory in January. Remember this is not “Brain Science”, the longer you wait, the more competition you create for yourself.
8)“Most people do not want to move during the holidays.” But here is where our expert negotiation skills come into play for your benefit. We can secure a contract now while your selling opportunity is high and arrange for a delayed closing or a rent back agreement with the buyers. Which means more money in your pocket.
9) Companies typically bring new talent in, starting at the beginning of the year. These new hires are looking for properties like yours now. You must be on the market to take advantage of these “Have to BUY NOW, Home Buyers”.
10) Selling now can give you more buying power later. By selling your home now, you can buy after January when the market becomes saturated with other home listings as a non-contingent buyer. This gives you negotiating power!
Remember, when selling or buying a home … Strategy Matters! Let us guide you to success. We are here to help YOU WIN!
Call us today and find out what your home is actually worth.
Thank you for taking the time to view our video about selling your home. Ricardo the Realtor – Long Beach Real Estate Team is here to assist home buyers & home sellers reach their goals. We have the marketing know how of utilizing todays technology to best serve you.
Long Beach Real Estate Agent Top Team. Our TEAM of Realtor’s outperform the individual agent.
Long Beach Homes and Luxury Estates Team – Million Dollar homes For Sale
Selling your home?
We utilize proven marketing techniques to obtain you the highest & best offer for your home. Gone are the days of placing a sign in your lawn, ad in the local newspaper & inputting the info into the MLS. We use todays technology- via customized online marketing, our very own mobile app to get your home the exposure it requires to get you the best price. We market your home not only locally but world wide on our site that is translated over 19 languages. We can show you how our tech savvy approach will make a world of difference when we sell your home. Marketing at a much higher level is what we specialize in.
Buying your home?
Driving around looking at For Sale signs is NOT the way to buy a home & allow us to tell you why. The “Listing Agent” already has a fiduciary duty to his client – The Seller. That agent has to get the highest price for their clients home. As your Buyer Realtor Team we look out for you, the Buyer. We are in your corner making sure your interests are 1st. Our Real Estate Agents follow a proven strategy that works.
For all of your Real Estate needs & more. Call Ricardo The Realtor.
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#LongBeachRealtor #LongBeachRealEstateTeam #wrigleyhomesforsale #SellingYourHome #NaplesIsland #BelmontShore #BelmontHeights #SpinnakerBay #AlamitosHeights #ThePeninsula #HomesForSale #90803 #90815 #90806 #90807 #90814
Long Beach Rental Properties For Sale, Investment Homes with Positive Cashflow Real Estate
Long Beach Rental Properties For Sale
Buying Rental Property: A Step by Step Guide!
For all of your Real Estate needs and more, Call Ricardo the Realtor.com
562-533-4003
It may be common knowledge that buying rental property can be one of the most secure and fastest ways to build serious wealth – but the “how to” knowledge is not so common. The steps to buying rental property, however, are not that drastically different from buying your own home, with a few important differences. This article is going to explain step by step how to buy a rental property and begin your entrance into real estate investing.
Step One: Do Your Homework Before Buying Rental Property
Please – please don’t skip this step. As soon as you’ve made your decision that you want to buy rental property, it can be easy to start shopping for homes and picking out the paint colors. However, your first step begins long before ever stepping foot into a house.
Doing your homework ahead of time means researching:
What kind of investment property you want to buy
How much you can afford to pay
What kind of neighborhood you want to invest in
What the average rent is in your area
What kind of return on investment you hope to make.
Doing your homework can be difficult for one major reason: You don’t always know what questions to ask. Because of this, BiggerPockets recently created the free “Ultimate Beginner’s Guide to Real Estate Investing” which will help any new investor learn how to get started. This guide will help teach you the necessary questions to ask.
Step Two: Make a Plan and Develop Criteria
Once you’ve done your initial homework, you can begin making a plan and setting your criteria. I highly recommend you write down your plan and goals, and refer back to them often. If you are looking to buy a single family home for between $150,000 and $200,000 – it’s easy to get distracted by the home with the beautiful garden for $250,000. By stating your plan and your criteria, you can hold yourself accountable to your goals.
Step Three: Arrange Financing
One of the most common mistakes made by homebuyers is to start searching before arranging financing. However, this error has caused untold heartache when buyers find they can’t afford the dream home they’ve found. This same principle applies to buying rental properties. Before shopping for your new rental property, be sure to talk with a bank about how much you can afford to buy. There are numerous different paths to real estate financing so be sure to weigh all your financing options before making your choices.
Step Four: Begin Shopping For a Rental Property
Now comes the exciting part! There are a lot of great ways that you can get find rental property. Begin by looking online at your local MLS to see what’s available. Go to:
Each of these sites search generally the same MLS listings, which all real estate agents have access to. However, these sites do not contain all the information needed (and sometimes do not even contain all the listings, either.) For this reason, it’s important to get in touch with a local real estate agent that you can trust to get you more information. An agent is generally only paid, by the seller, when you purchase the home – so for a home buyer, using an agent is typically free.
It’s often helpful to find an agent who specializes in working with investors, as they are more keenly aware of what makes a good rental property. Also – be sure to share your criteria (See step two above) for your rental property, and allow your agent to help you find the best properties that meet your qualifications.
Step Five: Make Your Offer
When you find a rental property you want to pursue, and have walked through it, your next step is to make your offer. To do this, your real estate agent will fill out the paperwork based on your requests and submit your offer to the selling agent. The selling agent will bring your offer to the seller, and negotiations will begin. For a great article on negotiations, check out How to Negotiate: 7 Real Estate Negotiation Tips.
Be sure to only spend the amount that makes the most sense to you. Determine how much cashflow you need to make and don’t let emotion override the numbers. Be willing to walk away and you’ll always hold the upper hand in the negotiations. If you can’t agree to a number that works for you – it’s not worth buying. Remember:
It’s better to have no deal than a bad deal. (Tweet This Quote!)
Also remember, price is not the only consideration. Depending on the popularity of the property and the strength of the deal, there are many other issues to include in your offer, including:
Closing date
Inspection contingency
Financing contingency
Seller financial concessions
and more
These items are all important to discuss and decide if you will include in your offer. Be sure to talk with your real estate agent about all the necessary parts of the offer. Once you have a signed agreement with the seller and have agreed upon all terms, you now have what is known as “Mutual Acceptance.”
Step Six: Due Diligence
You’ve finally agreed on a price and you have a closing date set. Now, it’s time to begin your “due diligence.” During this period (according to the dates specified in your offer) you will hire an inspector to perform an condition inspection on the property, looking for any defects that may cost you money in the future. If something is found, you can always go back and re-negotiate with the bank (as long as it is within your “inspection contingency” timeline, as specified in your offer.)
If you are buying in a “hot market” it may not be wise to nickel-and-dime the seller, or they may refuse to perform the steps and walk from the deal, giving it to someone else. On the other hand, it’s important that you don’t get stuck with a property that has major problems – so be sure to weigh the decisions carefully and keep your goals in mind at all times.
During this time between “mutual acceptance” and closing – you will also finalize the financial arrangements with your bank or other lender. This is also the time when the Title Company or Attorney, depending on your local customs, will take over facilitating the transaction. When the day of closing comes, you will sign documents and will be given keys to your new rental property.
Step Seven: Start Landlording
Finally, the deal has closed and you are now a landlord! If the property is vacant, you will need to learn how to rent your house (be sure check out How to Rent Your House: The Definitive Step by Step Guide” here on BiggerPockets. You will also need to brush up on your landlording skills, so be sure to check out “How to Be a Landlord: Top Ten Tips for Success” and ask questions, for free, anytime on the BiggerPockets forums. Also – don’t forget to check out the BiggerPockets Ultimate Guide to Tenant Screening to ensure you only rent to the best tenants!
Do you have any tips for buying a rental property? Or do you have any questions? Leave your comments below to discuss!
Long Beach Real Estate 562-533-4003
RicardoTheRealtor.com 562.533.4003
Our Real Estate Team always outperforms an individual.
Your Long Beach Luxury Real Estate Team
This is great news for Long Beach Home owners and their children. The Long Beach teachers and schools deserve this recognition for all of their hard work. If you would like to know more about the Long Beach communities and what schools pertain to them let us know and we can provide you with that information.
Lifestyles of Long Beach is happy to work with you on selling and/or buying your next home. Contact us so that we can make the difficulties of your next transaction easy.
Some of the Long Beach Homes/Communities include: Alamitos Beach, Alamitos Heights, Belmont Heights, Belmont Park, Belmont Shore, Bixby Knolls, Bluff Park, Bluff Heights, California Heights, Carroll Park, Downtown Long Beach, Del Lago, Naples Island, The Peninsula, Spinnaker Bay, Los Cerritos, Virginia Country Club, Bixby Hill, University Park Estate, Park Estates, College Park, Wrigley. Other areas: Lakewood, Signal Hill, Los Alamitos, Rossmoor and Seal Beach.
For all of your Real Estate needs and more… Call Ricardo The Realtor
Naples Island & The Peninsula Homes For Sale, Long Beach Real Estate
Naples Island & The Peninsula Homes For Sale, Long Beach Real Estate
“For all of your Real Estate needs & more… Call Ricardo The Realtor.com”
Current inventory of condos and homes that are for sale on Naples Island and The Peninsula as of January 18, 2013.
| # | Price | Beds | Baths | Type | SqFt | Garage | Address |
| 1 | $398,000 | 1 | 1 | CONDO | 719 | 0 | Naples Plz 102 |
| 2 | $498,000 | 2 | 2 | CONDO | 1,104 | 0 | Ravenna Dr 6 |
| 3 | $859,000 | 3 | 2 | SFR | 1,201 | 2 | Appian Way |
| 4 | $895,000 | 3 | 4 | CONDO | 1,712 | 2 | Ocean Blvd 2 |
| 5 | $995,000 | 4 | 3 | SFR | 1,730 | 2 | CORINTHIAN |
| 6 | $1,199,900 | 3 | 3 | SFR | 2,502 | 2 | Rafael Walk |
| 7 | $1,295,000 | 4 | 3 | SFR | 2,340 | 2 | Loreta Walk |
| # | Price | Beds | Baths | Type | SqFt | Garage | Address |
| 8 | $1,299,000 | 4 | 3 | SFR | 2,246 | 3 | 56th Pl |
| 9 | $1,300,000 | 4 | 4 | SFR | 3,100 | 2 | Angelo Walk |
| 10 | $1,369,000 | 3 | 3 | SFR | 1,902 | 2 | rivo alto canal |
| 11 | $1,495,000 | 4 | 4 | SFR | 3,333 | 2 | Giralda Walk |
| 12 | $1,875,000 | 3 | 4 | SFR | 2,090 | 2 | BAY SHORE |
| 13 | $1,999,000 | 3 | 3 | SFR | 3,311 | 2 | 67TH Pl |
| 14 | $2,195,000 | 2 | 2 | SFR | 780 | 2 | BAY SHORE Walk |
| 15 | $2,200,000 | 4 | 4 | SFR | 4,383 | 2 | LIDO Ln |
| 16 | $2,500,000 | 5 | 5 | SFR | 4,020 | 3 | Lido Ln |
| 17 | $2,995,000 | 4 | 3 | SFR | 3,498 | 2 | Seaside Walk |
| 18 | $3,999,000 | 4 | 4 | SFR | 3,600 | 2 | SEASIDE Walk |
| 19 | $4,500,000 | 4 | 4 | SFR | 4,123 | 4 | The Toledo Is |
| 20 | $5,495,000 | 3 | 5 | SFR | 5,077 | 3 | Lido Ln |
| 21 | $6,750,000 | 5 | 5 | SFR | 4,823 | 3 | THE TOLEDO |
| 22 | $7,999,999 | 4 | 6 | SFR | 5,557 | 4 | Sorrento Dr |
| 23 | $8,995,000 | 5 | 8 | SFR | 7,920 | 3 | Lido Ln |
Information is Believed To Be Accurate But Not Guaranteed
Ricardo Perdomo, aka “Ricardo the Realtor,” is a real estate agent with Keller Williams Realty has a progressive approach to local real estate in Long Beach. Utilizing cutting-edge online marketing, which includes a thriving You Tube channel, Ricardo Perdomo not only buys and sells some of the most stunning homes in Long Beach, he showcases the kind of captivating lifestyle that comes with living in a exciting metropolitan city, with a mosaic of cultural influences, married with the charm of a beach town.
As a Long Beach resident for the last 14 years, “Ricardo the Realtor” is so enamored with the town he lives in that he has a whole website dedicated to giving insider tips on enjoying all the city has to offer. LifestylesOfLongBeach.com provides information on places to visit, eat, have fun, tour and live. If that doesn’t give someone enough insight on the city, the consummate agent offers a private tour with detailed community information.
Naples Island and The Peninsula are located on the southeast portion of Long Beach. Truly the pinnacle of Long Beach Real Estate. You will find quaint bungalows to waterfront estates. Call our team for your private tour today.
For all of your Real Estate needs… and more. Call RicardoTheRealtor.com
Naples Island and The Peninsula Real Estate, Homes For Sale…
HAPPY HALLOWEEN SAFETY TIPS FROM LIFESTYLES OF LONG BEACH!
Lifestyles of Long Beach presents:
Halloween has been celebrated on October 31st in the United States since the early 1800’s and is traditionally a family-oriented holiday when children get to dress up and enjoy candy and other treats. There are so many wonderful neighborhoods to plan your trick-or-treating adventures in! Naples, Belmont Shore, Bixby Knolls, Signal Hill (if you want to get some extra cardio), so many excellent places to explore! In order to assist the Long Beach community in enjoying this fun-filled holiday as safely as possible, Lifestyles of Long Beach has compiled the following Halloween safety tips for you and your neighborhood!
All-for-one!
Halloween is more fun together. Always make sure that children are accompanied by an attentive adult. These adults should make sure that the children stay together, don’t cut across lawns and walk safety across the street. Pre-plan trick-or-treating routes so that they can be accomplished during daylight and include homes of folks you trust. Keep away from yards with unrestrained animals or poorly constructed sidewalks. Always bring a flashlight and a phone that all of the children’s parents can reach.
Brightening up those hard to see costumes!
Whether the little tykes want a tiera or a bat cape, often a child’s costume is dark and difficult for motorist to see. This is no problem! All kids love shiny, bright, and glow-in-the-dark things! Buy some glowing necklaces and bracelets or even add a little reflective tape to a costume and increase a child,s safety and fun! This doesn’t go just for the kiddies! Your property should be well-lit as well. Adorn low fences, steps, or uneven pavement with lighting to ensure that trick-or-treaters don’t trip and fall. Besides who wants a dark and boring house on Halloween!
Avoid Awkward Masks!
Transforming in to a creepy ghoul can sometimes require some form of a mask. Often these plastic or rubber adornments are large and awkward for the child. The chances that a child’s mask slips around making it difficult for the child to see or even breath could be very dangerous. There is a lot of nontoxic makeups out there that can be used as an alternative to these uncomfortable masks. And the best part is that you and your child can collaborate on the face decorations! Also, make sure that a childs costume isn’t too long for them or too baggy. Costumes can be a tripping hazard for little feet!
Candy inspection, Beware!
Make sure that your child does not eat any candy before it has been properly inspected by an adult. Remove all open, homemade, or poorly wrapped candies. This can be a rewarding experience for your child. Pre-purchase a small bag of candy that you know is a favorite for your child. You can exchange any questionable items with these. Your child won’t feel like they missed out in fact, they will be excited to exchange a of couple so-so candies for something great!
Halloween can be a creative and exciting time for you and your family. Long Beach is a terrific place to plan your trick-or-treating festivities! There is so much opportunity for a child to express themselves and socialize in a positive setting. It is important to pre-plan your Halloween so that it can be as safe as it is fun. Make sure you work with your children on their costumes. Try to avoid garments that are uncomfortable or hazardous. Add reflective or glow-in-the dark items to a costume and make sure to keep all your trick-or-treaters together. Most importantly examine all candy before you consume them. Check out one of the many great neighborhoods of Long Beach for an excellent trick-or-treating experience. It’s that easy to play and be safe on your Halloween Holiday!
Interested in moving to Long Beach? Have a home in the Long Beach area that you want to sell to a nice family? When you list with our team it is our goal to have your property sold. So get ready for a professional sales push that will produce the best results. If you have any reservations then talk to us and lets make sure that you are making the right decision together. Ricardo the Realtor and his team are available to assist you in all of your home buying/selling needs.Long Beach Real Estate For Sale– Belmont Heights, Belmont Shore, The Peninsula, Naples Island, Belmont Park, Alamitos Heights, Spinaker Bay, Del Lago, Bay Harbour, Spinaker Cove, Virginia Country Club, Bixby Knolls, California Heights, Rose Park, Carroll Park, Signal Hill
- Lifestyles of Long Beach and Real Estate
