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

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:

www.RicardoTheRealtor.com

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

 

Long Beach Unified School District is Honored as One of the World’s Top Five School Systems, Long Beach CA

We are a Team of Realtors that work and live in Long Beach. The Ricardo The Realtor Team will make your real estate goals a reality. For all of your Real Estate needs and more… Call Ricardo The Realtor

Long Beach Unified School District is Honored as One of the World’s Top Five School Systems

By Brian Addison of the Long Beach Post

National nonprofit Batelle for Kids released their Global Education Study that listed the world’s five best school systems—and Long Beach Unified School District (LBUSD) was one of them.

The enormous achievement not only places LBUSD side-by-side with the educational systems of Finland—which holds one of the world’s most impressive literacy rates at 90 percent—and Hong Kong—where the graduation rate hovers at 85 percent—but is impressive because the school district didn’t seek out the honor. Rather, Batelle sought them.

“We didn’t apply for this or solicit it,” said Chris Eftychiou of the LBUSD. “We didn’t even know about this group until they approached us.”

The study, which also included Singapore and Ontario, Canada to round out the top five, began in 2011 when Batelle began researching drivers of student success.

Using the metaphor that the secret to the farmer who always wins the best crops at the County Fair shares his seeds with his neighbors, the nonprofit sought to analyze not systems which achieved a singularly great year, but system’s whose students were improving while maintaining a great level of achievement over multiple years.

LBUSD was recognized for its Pathways programs—the initiative to incentivize and encourage K12 students to reach for higher education via the triad partnership of LBUSD, Long Beach City College, and Cal State Long Beach—as well as its proximity to economic engines like the Port of Long Beach and Los Angeles.

Even further, teacher selection was key in honoring LBUSD and emphasized Batelle’s metaphor of sharing greatness. According to the study, “Long Beach teachers are comfortable sharing their best practices with their colleagues and asking for help,” along with using adjunct professors from our two higher education institutions to help find teachers and hone curriculum. The report also noted that a large percentage of LBUSD teachers live within the District, strengthening community bonds and continued personal investment.

This week, State Superintendent of Public Instruction Tom Torlakson congratulated LBUSD, releasing the following statement:

“Hats off to Superintendent Christopher Steinhauser and the teachers, administrators, staff, parents and students of Long Beach Unified School District for this well-earned recognition as one of the highest-performing school systems in the world. Their work to prepare students for the challenges of the 21st century by providing them with the real-world skills they need for college and the workplace has made Long Beach a shining example of the success that comes from teamwork, focus, and commitment.”

The findings were presented at a Global Education Summit hosted by the Ohio-based education nonprofit Batelle for Kids in November of 2012. Much of the data that led to LBUSD’s inclusion on this prestigious summit was culled from a 2010 study from McKinsey & Company that listed the District as one of the world’s top 20 school systems, a title that had LBUSD as one of only two actual districts in the U.S. that had accomplished sustained and significant improvements.

To learn more about Batelle for Kids and to watch a video describing the world’s top school districts,click here. The entire Batelle for Kids report is below. 

By Brian Addison of the Long Beach Post

Long Beach schools. For all of your Real Estate needs and more… Call Ricardo The Realtor.com 562-533-4003

ELEMENTARY SCHOOLS
1 ADDAMS, JANE (J3)
5320 Pine Ave., 90805…………………..428-0202
2 ALVARADO (E4)
1900 E. 21st.,
Signal Hill, 90755………………………….985-0019
3 AVALON (A1)
P.O. Box 557, Avalon,
Catalina Island, 90704………….(310) 510-0790
4 BARTON, CLARA (I3)
1100 E. Del Amo Blvd., 90807………..428-0555
5 BETHUNE, MARY McLEOD (E1)
2101 San Gabriel Ave., 90810………..435-2050
6 BIRNEY, ALICE M. (F2)
710 W. Spring St., 90806……………….427-8512
7 BIXBY, FLORENCE (E7)
5251 E. Stearns St., 90815…………….498-3794
8 BRYANT, WILLIAM CULLEN (D6)
4101 E. Fountain St., 90804…………..498-3802
9 BURBANK, LUTHER (C5)
501 Junipero Ave., 90814………………439-0997
10 BURNETT, PETER H. (E3)
565 E. Hill St., 90806…………………….595-9466
11 CARVER, GEORGE WASHINGTON (G7)
5335 E. Pavo St., 90808………………..420-2697
12 CHAVEZ, CESAR (C2)
730 W. 3rd St., 90802……………………590-0904
13 CLEVELAND, GROVER (I9)
4760 Hackett, Lkwd. 90713…………….420-7552
14 DOOLEY (I3)
5075 Long Beach Blvd., 90805……….428-7274
15 EDISON, THOMAS A. (D2)
625 Maine Ave., 90802………………….590-8481
16 FREMONT, JOHN C. (C6)
4000 E. 4th St., 90814…………………..439-6873
17 GANT, MINNIE (E8)
1854 Britton Dr., 90815………………….430-3384
18 GARFIELD, JAMES A. (E1)
2240 Baltic Ave., 90810…………………424-8167
19 GRANT, ULYSSES S. (K4)
1225 E. 64th St., 90805…………………428-4616
20 HARTE, BRET (J4)
1671 E. Phillips St., 90805……………..428-0333
21 HOLMES, OLIVER WENDELL (I6)
5020 Barlin, Lkwd. 90712……………….633-4427
22 INTERNATIONAL (D3)
700 Locust Ave., 90813………………….436-4420
23 KETTERING, CHARLES FRANCES (C9)
550 Silvera Ave., 90803…………………598-9486
24 KING, THOMAS STARR (K2)
145 E. Artesia Blvd., 90805…………….428-1232
25 LAFAYETTE (F2)
2445 Chestnut Ave., 90806…………….426-7075
26 LEE, ROBERT E. (D5)
1620 Temple Ave., 90804……………….494-5101
27 LINCOLN, ABRAHAM (D4)
1175 E. 11th St., 90813………………….599-5005
28 LONGFELLOW, HENRY W. (H3)
3800 Olive Ave., 90807………………….595-0308
29 LOS CERRITOS (H2)
515 W. San Antonio Dr., 90807……….595-6337
30 LOWELL, JAMES RUSSELL (C7)
5201 E. Broadway, 90803………………433-6757
31 MacARTHUR, DOUGLAS (I8)
6011 Centralia, Lkwd. 90713…………..420-3588
32 MADISON, JAMES (I5)
2801 Bomberry, Lkwd. 90712…………420-7731
33 MANN, HORACE (C5)
257 Coronado Ave., 90803…………….439-6897
34 McKINLEY, WILLIAM (L5)
6822 Paramount Blvd., 90805…………630-6200
35 NAPLES (B7)
5537 The Toledo, 90803…………………433-0489
36 PRISK, WILLIAM F. (F8)
2375 Fanwood Ave., 90815……………598-9601
37 RILEY, JAMES WHITCOMB (I5)
3319 E. Sandwood St.,
Lakewood, 90712………………………….420-9595
38 ROOSEVELT, THEODORE (E4)
1400 E. 20th St., 90806…………………591-7477
39 SIGNAL HILL (E4)
2285 Walnut Ave.,
Signal Hill, 90755………………………….426-8170
40 STEVENSON, ROBERT LOUIS (C3)
515 Lime Ave., 90802……………………437-0407
41 TWAIN, MARK (I7)
5021 E. Centralia St., 90808…………..421-8421
42 TWO HARBORS (A2)
Catalina Island, 90704………….(310) 510-0440
43 WEBSTER, DANIEL (G1)
1755 W. 32nd Way, 90810……………..595-6568
44 WHITTIER, JOHN G. (E4)
1761 Walnut Ave., 90813……………….599-6263
45 WILLARD, FRANCES E. (D5)
1055 Freeman Ave., 90804…………….438-9934
K-8 SCHOOLS
50 BURCHAM, DAVID (G8)
5610 Monlaco Rd., 90808………………420-2685
51 CUBBERLEY, ELLWOOD P. (G9)
3200 Monogram Ave., 90808………….420-8810
52 GOMPERS, SAMUEL (J8)
5206 Briercrest, Lkwd. 90713…………925-2285
53 HENRY, PATRICK (H8)
3720 Canehill Ave., 90808……………..421-3754
54 HUDSON, ELIZABETH (E1)
2335 Webster Ave., 90810……………..426-0470
55 MONROE, JAMES (H9)
4400 Ladoga, Lkwd. 90713…………….429-8911
56 MUIR, JOHN (F1)
3038 Delta Ave., 90810………………….426-5571
57 NEWCOMB, DOUGLAS A. (G9)
7020 E. Brittain St., 90808……………..421-8851
58 POWELL, COLIN L. (K2)
150 Victoria St., 90805………….(310) 631-8794
59 ROBINSON, JACKIE (F3)
2750 Pine Ave., 90806…………………..492-6003
60 TINCHER, EUGENE (E9)
1701 Petaluma Ave., 90815……………493-2636
MIDDLE SCHOOLS
61 AVALON (A2)
P.O. Box 557, Avalon,
Catalina Island, 90704………….(310) 510-0790
62 BANCROFT, HUBERT H. (I7)
5301 E. Centralia St., 90808…………..425-7461
63 FRANKLIN, BENJAMIN (C4)
540 Cerritos Ave., 90802………………..435-4952
64 HAMILTON, ALEXANDER (L4)
1060 E. 70th St., 90805…………………602-0302
65 HILL, WALTER B. (D9)
1100 Iroquois Ave., 90815………………598-7611
66 HOOVER, HERBERT (I5)
3501 E. Country Club Dr.,
Lkwd. 90712…………………………………421-1213
67 HUGHES, CHARLES EVANS (H4)
3846 California Ave., 90807……………595-0831
68 JEFFERSON, THOMAS (D6)
750 Euclid Ave., 90804………………….438-9904
69 LINDBERGH, CHARLES A. (J4)
1022 E. Market St., 90805……………..422-2845
70 LINDSEY PERRY (I2)
5075 Daisy Ave., 90805…………………423-6451
71 MARSHALL, JOHN (G8)
5870 E. Wardlow Rd., 90808………….429-7013
72 NELSON, JESSIE E. (E4)
1951 Cherry Ave.,
Signal Hill, 90755………………………….591-6041
73 ROGERS, WILL (C7)
365 Monrovia Ave., 90803……………..434-7411
74 STANFORD, LELAND (F8)
5871 E. Los Arcos St., 90815………….594-9793
75 STEPHENS, WILLIAM LOGAN (F1)
1830 W. Columbia St., 90810…………595-0841
76 WASHINGTON, GEORGE (D2)
1450 Cedar Ave., 90813………………..591-2434
HIGH SCHOOLS
80 AVALON (A2)
P.O. Box 557, Avalon,
Catalina Island, 90704………….(310) 510-0790
81 BEACH (F6)
3701 E. Willow St., 90815………………595-8893
82 CABRILLO, JUAN RODRIGUEZ (E1)
2001 Santa Fe Ave., 90810…………….951-7700
83 CALIFORNIA ACADEMY FOR
MATHEMATICS AND SCIENCE (K1)
(CAMS) CSUDH…………………..(310) 243-2025
1000 E. Victoria St., Carson 90747
84 JORDAN, DAVID STARR (K3)
6500 Atlantic Ave., 90805……………….423-1471
85 JORDAN PLUS (K2)
171 W. Bort St., 90805…………………..984-3710
86 LAKEWOOD (H8)
4400 Briercrest, Lkwd. 90713…………425-1281
87 McBRIDE, ERNEST S. (H9)
7025 E. Parkcrest St., 90808
88 MILLIKAN, ROBERT A. (F8)
2800 Snowden Ave., 90815……………425-7441
89 POLYTECHNIC (D3)
1600 Atlantic Ave., 90813……………….591-0581
90 PAAL ACADEMY (D3)
1545 Long Beach Blvd., 90813…………591-1381
91 REID, WILL J. (F6)
2153 Hill St., 90810……………………….989-2098
92 RENAISSANCE (D3)
235 E. 8th St., 90813…………………….901-0168
93 WILSON, WOODROW (D6)
4400 E. 10th St., 90804…………………433-0481
CHARTER SCHOOLS
100 EMERSON PARKSIDE ACADEMY (F9)
2625 Josie Ave., 90815…………………420-2631
101 NEW CITY (D3)
1230 Pine Ave., 90813………………….436-0689
CENTRAL SERVICES
110 ADMINISTRATION BUILDING (H1)
• ELEMENTARY/K8 OFFICE
• SECONDARY SCHOOLS OFFICE (6th-12th)
1515 Hughes Way, 90810……………..997-8000
111 BUFFUM TOTAL LEARNING CENTER (E6)
2350 Ximeno Ave., 90815……………..498-2431
112 CHILD DEVELOPMENT CENTER (E1)
4310 Long Beach Blvd., 90807………422-6868
113 HEAD START (G4)
1260 E. 33rd St. Signal Hill, 90755….426-8144
114 Maintenance (F1)
2425 Webster Ave., 90810…………….997-7510
115 MULTIMEDIA SERVICES (OMS) (D3)
880 Locust Ave., 90813……….997-8000 x7198
116 NUTRITION SERVICES (F5)
3333 Airport Way, 90806……………….427-7923
117 PERSONNEL COMMISSION (D3)
999 Atlantic Ave., 90813………………..435-5708
118 PURCHASING AND CONTRACTS (J4)
2201 Market St., 90805…………………663-3002
119 SCHOOL SAFETY (E7)
5250 Los Coyotes Diag., 90815……..997-8446
120 TEACHER RESOURCE CENTER (G4)
1299 East 32nd St. Signal Hill 90755
121 TRANSPORTATION (F3)
2700 Pine Ave., 90806………………….426-6176
122 TUCKER/SPECIAL EDUCATION (E6)
2221 Argonne Ave.,………………………986-6870
LONG BEACH UNIFIED SCHOOL DISTRICT

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

RicardoTheRealtor.com 562.533.4003
Our Real Estate Team always outperforms an individual. For all of your Real Estate needs and more… Call Ricardo the Realtor

Long Beach Homes and Real Estate team.

Buying vs. Renting a home in Long Beach, CA

Buying vs. Renting a Home in Long Beach

To RENT or OWN? 56 Reasons listed below.

If you are looking to buy or rent in Long Beach call us first. For all of your Real Estate needs and more… Call RicardoTheRealtor.com

Rent Advantages

May be cheaper than a mortgage payment
Fewer (if any) maintenance costs
No down payment required (less deposit)
No real estate taxes (renters insurance optional)
Less stress (who cares, it’s not yours!)
Freedom to move or downsize when necessary
No risk of home price depreciation

Some utility bills may be included
“Free” amenities such as pool, gym, security
Money can be used for other, more profitable investments
Can’t be foreclosed on
Rent Disadvantages
Rental payment may exceed monthly cost of mortgage
No ownership or wealth creation
Payments never stop when renting
Rent will rise over time
Must deal with a landlord or management company
No tax benefits
Rules, regulations, and limitations
More temporary, less stability
Always at the mercy of the property owner
Pets may not be allowed

For all of your Real Estate needs and more… Call Ricardo the Realtor 562-533-4003
Our Team of Realtors always outperforms an individual.

Ownership Advantages
You can build home equity and wealth
Status- Status-Status
Sizable tax deductions possible
Your space, your rules (pets welcome)
Ability to remodel, expand, tear down
Pride of ownership (social status, accomplishment)
Potentially better for children, family structure
Mortgage can improve your credit history/score
Ability to borrow against your home (HELOC or cash-out)
No more monthly payments once mortgage paid off
Fixed payments (if you choose a fixed mortgage)
Mortgages are the cheapest loans available
No landlord
Can exclude capital gains when you sell (partially)
Inflation hedge
Can rent out to others
Can sell and use proceeds for bigger/better home
Retirement nest egg
It’s the American Dream!

Ownership Disadvantages

Home prices may lose value
Could overpay for your property
Obtaining a mortgage (and finding a home) is a hassle
Not everyone qualifies for a mortgage
You must pay taxes and homeowners insurance
Total housing payment can be more expensive
Mortgage payment can rise (if an ARM)
Sizable down payment necessary
Maintenance costs can be excessive
Pricey HOA dues (if applicable)
You’re “stuck” in a home (long-term commitment)
Increased liability and responsibility
Transactional costs of buying and selling
Ownership is stressful!
Taxes and insurance generally rise
Your home can be damaged or destroyed (and not fully insured)
Can be foreclosed on and lose your home

Hope this helps you in your search to Buy or Rent a home in our beautiful city of Long Beach, CA. Our Real Estate team is here to help you.

RicardoTheRealtor.com 562.533.4003
Our Real Estate Team always outperforms an individual.

Luxury Homes & Million Dollar Estates – Your Long Beach Top Real Estate Team

Luxury Homes & Million Dollar Estates – Your Top Long Beach Real Estate Team

“For all of your Real Estate needs and more… Call Ricardo The Realtor”

Your Long Beach  Top Real Estate Team with RicardoTheRealtor.com

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.

The local real estate expert is genuinely proud of his city. He understands its pulse and all of its intriguing enclaves. When asked about why he loves Long Beach so much, the ardent realtor said, “I get really excited about Long Beach. It has everything. I don’t feel like I have to go to another city. We have a beautiful beach, a burgeoning downtown full of art and culture, communities with a small-town feel, golf courses, great public transit, and lots of user-friendly bike paths. To farmer’s markets and flea markets to concerts, art walks and boating competitions, there are so many events throughout the year. We have an airport and a seaport. It’s a self-sustaining city. It’s laid back, yet sophisticated and classy. It has finesse.”

Your Long Beach Top Real Estate Team
Ricardo The Realtor.com

With the Craftsman, Spanish Colonial and Victorian homes, Italian Villas, English Tudors, beachfront properties and posh high-rise condos Long Beach has to offer, Perdomo contends that Long Beach has a home and a neighborhood to fit everyone’s taste. Many real estate agents try to take on the whole city of Long Beach themselves, but with Long Beach’s enormity and diversity in mind, Ricardo has started compiling a Lifestyles of Long Beach team with two additional agents, Josie Neglia, aka “Josie the Realtor,” and Marisol Navar aka “Marisol the Realtor,” to help him zone in on each distinct community. This way the team can be well informed on the nuances of each neighborhood, beyond just home values. “Being involved in many facets of lifestyle in Long Beach makes it possible for us to help our clients and their families make their house a home,” said Perdomo.

“Our TEAM always outperforms an Individual.”

Naples Island Artist.com

Perdomo’s personality and interests are a reflection of the city itself. He’s a complex, forward-thinking man with varied interests. He’s down-to-earth, but enjoys the finer things in life. As an artist, Perdomo participates in yearly art events, such as the Belmont Shore Chalk Art Fest where he won second place in 2010 for the overall competition. He is also the co-organizer of the Long Beach Figure Drawing Group. He has also volunteered at the Museum of Latin American Art for over ten years. “I believe that art is a crucial part of our society because it can evoke such positivity and meaning in our lives,” said Perdomo.

Perdomo loves children. He is going on his fifth year as Religious Education Instructor for first grade children at St. Bartholomew Church in Belmont Shore. He is very active in his faith and finds great happiness in helping others. He is on the Board of Directors of Comprehensive Child Development, Inc., Long Beach, a non-profit organization that provides quality child care, education and support services for hundreds of low income families and their children in Long Beach and surrounding cities.

He is well-known in Long Beach and actively involved as a volunteer in several improvement associations for the island of Naples where he resides which are: Naples Improvement Association, Naples Island Business Association & Naples Seawall Committee.  If you want to know where to dine, play or relax in Long Beach, then Perdomo is the man to ask.  In order to promote local businesses in Long Beach, Perdomo passes out exclusive coupons to his clients that provide a glimpse of Long Beach lifestyle at its best.  His latest offer was for 15% off at Michael’s of Naples Ristorante, the best fine-dining restaurant in Long Beach, and one of the top restaurants in all of Los Angeles. Ricardo the Realtor really believes that we gain more by helping others and that includes local business. People helping people is what you will hear Ricardo say frequently.

To learn more about living in Long Beach and Ricardo Perdomo aka “Ricardo the Realtor” go to www.RicardoTheRealtor.com.

RicardoTheRealtor.com & your Long Beach  Top Real Estate Team

“Our TEAM always outperforms an individual.”

Your Long Beach Top Real Estate Team is here to help you. Luxury Homes & Million Dollar Estates. Communities include: Alamitos Heights, Alamitos Beach, Bay Harbour, Belmont Shore, Belmont Park, Belmont Heights, Bixby Knolls, Bixby Terrace, Bluff Park, Bluff Heights, California Heights, Carroll Park, College Park, Del Lago, Downtown, La Rochelle, Naples Island, Park Estates, The Peninsula, Wrigley… and surrounding cities such as Lakewood, Seal Beach, Signal Hill.