Most Americans have now arrived at the conclusion that it is a good time to buy a home. That’s the top line analysis from one of the country’s major mortgage creators, but there’s a secondary finding about credit scores that could also have a sizeable impact on town real estate activity. Some would-be Chino Hills homeowners would benefit from learning the information—which is about misinformation.

The second annual “Wells Fargo Homeownership Survey” is a national survey of 2,016 respondents, and the source upon which last week’s Franklin Codel analysis is based. The excellent news for current and soon-to-be Chino Hills home sellers is that a whopping 72% of respondents think now is a good time to buy a home. Most Americans also agree that “owning a home remains a vital part” of the American dream— and continues to be a key element in the strength of the nation.

Running counter to that upbeat survey result is the finding that despite the efforts of lenders (and the government) to make credit more available to potential mortgage applicants, two misconceptions are widespread enough that they are “holding many potential buyers back.”

The misinformation:

  • The misconception that every buyer must have at least 20% for a down payment; and
  • A belief that credit scores alone determine whether an applicant will land a home loan

Under the heading The legend of the 20% down payment, Wells Fargo’s Codel points out that 36% of the general population (and larger proportions of minority groups) qualify for loans with lower down payment options— some of them as low as 3%.

But equally illuminating is what Codel has to say about the importance of credit scores. He is the head of mortgage production at Wells Fargo, so Chino Hills home seekers can be expected to pay attention to what he has to say, which is that credit scores are not as all-important as most people think. Because creditworthiness is not determined based on a single factor, homebuyers should do some investigating of their options “before excluding themselves based on credit scores alone.” And when it comes to the actual scores themselves, it’s not true that a ‘good credit score’ has to be above 780. There are multiple models and investor guidelines—and under some of them, more than 660 “is generally considered good.”

If it’s true that Chino Hills homebuyers agree that now is the time to make a foray into the market, it’s refreshing (and rare) to hear a top mortgage lending insider provide that kind of encouragement. His conclusion is that the cited misconceptions can be overcome with a “better understanding of how credit works”—and that a good lender will use a borrower’s “entire financial picture, not just credit score” to decide whether to issue a mortgage.

The takeaway is for prospective buyers to do some investigating to find out what their home owning prospects actually are: they might be pleasantly surprised. A good place to start: giving me a call!

This blog post was written by Chris Weilacker and Vivienne Ma top you can also check out their reviews at their yelp website.

Summary: It is time to fulfill your dream of becoming a successful real estate developer, and you can expect to earn handsome money in your career.

You must have dreams of becoming a professional in real estate and build a career in real estate development. There is no denying that the real estate is a booming sectors and professionals associated with this field shine bright in their life. Not only the job is interesting, but also the salary is high. Even with the fluctuations in economy and the downturn of the market, the professionals associated with this field have continued to make a good living. After all, the field holds a golden opportunity for individuals interested in this field.

Becoming A Developer:

In the recent years, there are many people that are interested in entering into this profession. In order to become a real estate developer, you will have to educate yourself. There are several courses available in real estate development. Moreover, you also need to understand that developers do not start earning money right at the beginning. In fact, in some cases, you might even have to experience a couple of losses after putting your money. However, do not lose hope. In the course of time, you will be surely double the investment you made. However, these are some of the crucial things that you need to be a successful developer.


You should have the ability to read markets. After all, your job is to purchase and develop the property to turn into a profit in the course of time. You might also buy land and hold it for some time waiting for the market to be perfect before selling.

You should also have the ability to negotiate deals. It means that you should buy land at a low price and develop it in such a way so that you can get high returns. Without serious negotiating skills, you will not be successful in this.

If you have the backing of wealthy investors or some banking institutions, you can acquire success as a developer. Moreover, you should also handle business management, financial management and economics.

Only buying land is not sufficient, you will have to plan the site, gain approvals for construction, and see through the construction process in order to complete the development.

Making Good Money:

If you want to become a real estate developer, you will have to make use of your own funds to buy a piece of land. Moreover, you will also not become wealthy overnight. However, as per studies, the developers in California have a huge profit making potential. This is because the developed properties sell at a faster rate due to the huge demand for properties. If you have knowledge of the market, you can buy lands at lower rates, develop the property and sell it when the markets are high. As a result, you can expect to make a great profit out of selling the developed project. In fact, you can make more than $66, 000, which is undoubtedly excellent. Therefore, if you are passionate about the real estate market, it is high time to make your move and acquire knowledge on the field.

Summary: Renting your property is one of the best sources of monthly income. However, if you have protection of guaranteed rent, you can be completely free from hassle.

As the owner of a piece of property, you have made an excellent decision to rent your property. After all, it is the best way to earn a monthly income. At the same time, it is also the ideal way to maintain and manage your property, which would have lied idle otherwise. However, many landlords struggle in getting timely and appropriate rents from their tenants. Most tenants have the habit of either delaying the payment or ignore the issue. As a result, it becomes very difficult for landowners for whom the source of livelihood is the rent. Moreover, it is also a great hassle to follow up with tenants every time to get the rents from them. You might have stated your rent demands clearly, but still you are having a hard time to get the rents. What will you do?

Protecting Your Rent In A Standard Procedure:

It is seen that many landlords are afraid of renting their properties in fear of the rent and the hassles associated with the same. At the same time, it is also true that rents are the main source of income, and you cannot afford to miss it out. However, if you belong to the same group, you will be happy to know that there is a standard procedure to get guaranteed rent. There are insurance companies that will protect your rent, and ensure that you get timely payment. In fact, there are two types of guarantees.


The insurance companies can offer policies that will guarantee your rent for a period of time. This will be assumed on the basis that tenants will qualify through the entire process of reference.

The insurance policies are covered for a period of 6 months to 12 months. They even provide coverage for maximum 6 rental payments under any circumstances.

They will cover up to 50% of the rent up to about 2 months.

This is the option that can cover multiple let properties and even the standard rental accommodation.

There is also a company or housing association rent guarantees and these are provided for properties that attain a certain standard. Landlords with long-term contracts can expect to get the benefits from this source of guarantees in rents.

Talking To Property Managers:

It goes without saying that property management is an important aspect of any piece of property. Therefore, if you are worried about the rent and want a source of guaranteed rent, you can also hire property managers for the same. They will take the entire responsibility of rent collection on a regular basis. They can also warn the tenants, if the need arises if they fail to pay rents on time. If you get the rents on a regular basis, you can easily manage to pay a part of the rent as property management fees. In fact, the fees for property management is not high, and once you have your regular source of rent, managing to pay the same will not be difficult. Hence, you can look for the same, and expect to get the best returns.

Owning property is one of the best financial decisions that you can make, especially if you rent out your property. Renting out your property allows you to gain residual income over time in an easy and convenient manner. On the other hand, you also need to consider what it takes to manage a property. For most people, it can be a challenge to find the time and energy needed to properly manage property. As a result, the property may not remain in optimal condition and your occupancy rate may suffer. One smart alternative is to have a Bay Area, CA property management professional take care of your investment.

Renting Issues


The first advantage of having a property management service take care of your property is that the management service will be able to handle everything surrounding the practice of renting the property out. Property managers will advertise, find and screen tenants in order to fill vacancies. They will then collect rent, handle problems that arise such as late rent or evictions, and address the maintenance and safety concerns of tenants. In addition, the property manager will be able to ensure that the property remains in good condition as you rent it out. This prevents you from falling victim to the problems that may arise when you allow the wrong people to rent your property.

Repair Problems

Another advantage of having a property management service is that your property managers can also take care of all of the repair issues that may crop up over time. It isn’t uncommon for a property to deteriorate without regular maintenance; in addition, when individuals rent out your property, there will always be some who don’t care whether they damage or destroy an apartment which “doesn’t belong to them.”  A property manager will be able to spot the problems and to hire the appropriate professional for needed repairs. Also, you can be certain that the companies your property manager hires are of the best quality, since property management companies are familiar with all of the professionals in the Bay Area, and know which ones do the best job.

Great Service

Finally, you can also be certain that your a qualified property manager will not only provide your tenants with excellent service – but will do the same for you. Financial statements, budgets, and all other necessary paperwork will be handled and made available to you in whatever way you want; if you’re hands-on, you can be sent daily or weekly reports, or you can just receive monthly income reports. The property management service works for you, so everything will be done to your specifications without all the hassles of doing the work yourself.

Summary: Even a property owner has to consider lots of lease negotiations from the tenants. You should be prepared for the same and know how to deal with it to get good rates.

As a commercial property owner, it is obvious that you want to rent your commercial properties for lease. In fact, renting properties is one of the ideal ways to get some handsome cash flow. Landlords are often anxious to fill their empty spaces, but at the same time, they are also eager to make up most of the money. However, knowing the market rate is certainly one of the crucial strategies that will help in determining the lease amount. When it comes to leasing commercial or retail properties, there are many things to consider. Preparing a well-documented contract is the key to achieving success.

Dealing With The Bargains:


Regardless the nature and size of your property, it is obvious that you want to get the best rents. Most tenants will want to make some lease negotiations, and you will have to abide by some conditions. However, there are some important things that you can always consider before starting off with the negotiations. It will help you to reach a fair and smooth agreement and you will share a healthy relationship with the tenant.

Try to follow a standard lease structure so that you can use during each property transaction. Tenants should have full understanding of the terms and conditions in the contract before they can start with any negotiation. You should also be ready with all the possible logic.

Since the tenants have lots of options today, they will look around before finalizing a decision. Therefore, you can expect them to negotiate with the deals before moving over to any other property lease.

Today, most tenants research the property market before approaching landlords or agents. Therefore, you should not charge exorbitant rates with a hope of earning more revenue. On the contrary, if you set a standard lease rate, as per the market, you can expect to have less hassle in the negotiation process.

Do not forget that tenants are under no pressure to negotiate a particular deal. They will inspect the listed properties listen to the lease rate and requirements. They will also see few other options before making an offer for negotiation.

Tenants might look for different negotiations ranging from cash, fit out, rent free, landlord’s works or even reducing the rental. These can be part and parcel of a short term lease.

Unless you are desperate for a tenant, you should not make negotiations for short-term lease less than 12 months. You can consider giving incentives on a lease for there year or more. Longer lease term will help you manage the cost of incentive through the deal.

Do Not Forget The Outgoing Costs:

While carrying out lease negotiations, you should not forget to consider the outgoing costs of the property. Before negotiating, do consider the total outgoings and structure into the deal accordingly. It also implies that you understand the levels of outgoings that need to be recovered through the lease of rental structure. These are things that you should do before marketing and inspecting your tenants. This will be easy for you.

Summary: Among the various types of real estate investment, investing in REITs is considered to be the most profitable one with handsome returns.

Real estate provides great scopes and opportunities to the investors and provides high-yield returns with a combination of low risk option. For a majority of people, real estate investment begins and ends with the purchase of a home. The prospects of investing in commercial properties like office buildings, shopping centers, hotels are very less. However, many people are not aware that it is these investments that are more attainable compared to the residential property investments. The best part is that invest in these properties is carried out through groups of investment trusts. Hence, you can also consider investing in groups of professionally managed properties like apartment complexes, hotels, industrial buildings and many more to mention.

Exploring The Idea:

Many people never think of investing in REITs. On the other hand, many people do not have any knowledge regarding the investment and also the level of returns available from it. It is true that the performance of these trusts have varied over the last few years. There are even some significant risks involved in the process. However, when you compare the overall returns from it, nothing is better than this. Here are few types of investments through trusts and the benefits you will get from each.

In case of retail REIT, you will get the chance to invest in shopping malls and freestanding retails. It also represents the single biggest forms of investment today. If you examine the retail industry, you will find that it is not only financially healthy, but also has good scopes for the future. You can make money from the rent, and hence, you can make good returns.

Residential investment through trusts is also the one that own and operate multi-family apartments and manufactured housing complexes. There are again several factors that you need to consider before jumping into this, especially taking a look at the market trends. These also focus on large urban centers where the possibilities of return through rents are the highest.

Healthcare trusts are also an interesting subsector. You can invest in the real estate sector of hospitals, nursing facilities, medical centers and retirement homes that are constantly on the rise. The success of this sector is tied directly to the healthcare system. The occupancy fees, the Medicaid reimbursements and private pay, etc. are good sources of income from these properties.

Office REIT means investing on office buildings. You can again receive rental income from tenants with long-term leases.

Assessing The Investment:

There are some key factors that will help you in assessing any REITs, and ensure that you make the most appropriate investments. These are true return investments with high dividend yields and moderate long-term capital appreciation. These are different from traditional real estates and are mainly traded on stock exchanges. Moreover, strong management can also bring about a significant difference. Quality also counts in this regard. You should try to invest only on those sectors that have great properties and tenants. Only in such a case, you can expect to get a handsome return on your investment.

Summary: As a property owner, it is your responsibility to manage the aspects of assigned parking. Talk to a property manager that will handle these things on your behalf.

You are the owner of a condo association, and you have a unit with outdoor parking space. The unit is currently occupied by large numbers of residents. Unfortunately, you are unable to provide parking spaces to every unit member because of the shortage of space. As a result, it might often become difficult for you to deal with the entire situation. After all, there is a huge demand for parking spaces with the increasing numbers of vehicle. Every family owns a car today, and while staying at your unit, it is obvious they will demand parking spaces. Some tenants might even refuse to get your property for rents if you are unable to offer a specific parking solution to them.

Understanding The Parking Regulations:

Regardless the nature of property you have, it is important to have an idea of the parking regulations. As a result, you can offer assigned parking spaces to your tenants, and there will not be any confusion. In addition to that, it is also important to make sure that your tenants and their visitors are well aware of the regulations so that they follow the instructions accordingly. You can carry a fair distribution of parking space and ensure long-term relationship with your tenants.


Even if, some vehicles are parked in some assigned space, the vehicles should display the parking permit.

Cars should be parked on the assigned spaces instead of on the street corners or near the fire hydrants.

If a specific area in the outdoor of your home has a yellow curb, a car should not park there. In addition to that, handicapped parking spaces are allotted only to the handicapped individuals and no other cars should be parked in the space, even if, available.

A car should not be parked in another residential parking area without permission. Double-parking should also not be slowed at any space at any time.

Recreational vehicles, campers, boats, trailers or inoperable vehicles should not be parked in the assigned spaces.

Parking spaces should never be used for storing trash or building materials.

If some vehicles are parked for more than 10 consecutive days in the visitor parking areas, these might be subjected to towing.

Seeking The Help Of Property Managers:

Well, the task of looking after an assigned parking is not an easy job. From time to time, you might have to face hassles in dealing with your tenants and also keeping the parking spaces under observation. Therefore, the best idea is to hire property managers. They can take the best care of your property including the parking spaces and make sure that these are not occupied illegally. In addition to that, they will also handle the entire responsibility of assigning the designated parking space to different tenants so that there is no hassle or confusion. You can breathe a sigh of relief regarding any form of parking hassle when you get the assistance of the professionals. Your tenants will also be happy, and you can expect to earn extra money by assigning proper parking spaces.

Summary: The hot housing trend has certainly increased the prices of Bay Area condos. However, it is still wise to invest on them now for greater returns in the years to come.

Most people are well-aware of the fact that the housing trend is hot in the Bay Area. The rents and prices seemingly go in one direction and that is the upward direction. However, the real estate market is constantly fluctuating and the prices often come down. With increasing numbers of houses being built and the increasing level of demand, it can be said that the prices will go up in the near future. Therefore, if you are looking forward to any form of property investment, the best idea is to go for it now. In the course of time, you can earn a fair income either through rents or by selling your property in the future.

Taste For Condos:

Modern investors not only look for a source of income out of their investments, but also prefer something stylish and luxurious. As a result, increasing numbers of people are looking forward to investing in the Bay Area condos. Most of these are rented out after purchase, but the rents on condos are usually high compared to other residential apartments. However, prior to buying condos, there are few important factors that you should not forget.


Research about the market condition thoroughly to know the availability and the prices of condos.

With the rising demand for these residential units, many builders are giving special attention to building condos. Hence, if you are interested, you will easily find hosts of options available.

If you are ready to invest a hefty amount on properties, the condos are the ideal options. Since these are luxurious, you can expect to get great rents from the same.

The average prices of these condos in the Bay Area have dropped to $1.9 million, a decrease by about 35 percent. Therefore, this is the ideal time to invest in order to avoid future prices rises with increasing demand.

The highest sold apartments have a selling price of about $13 million down from $31 million.

The prices vary on different factors, especially based on the location. However, since Bay Area is an enriched location, chances are that the rates are slightly higher compared to other areas.

Commercial Retail Condos:

On the other hand, there are many investors that look forward to investing on the commercial retail Bay Area condos. You can purchase a unit in a multi-unit center. Similar to residential condos, you do not have your own lot. The units in the center share lots of common areas including the parking spaces. However, there are some rules and restrictions that you will have to remember in this context so that you do not experience any problem in the future. Moreover, you will also have to pay a monthly owner’s fee to the owners association for the maintenance of the unit. Currently, these are easily available for sale, and investing on them can prove to be an excellent option. As you find tenants over your property, you can reap the value of your investment in the years to come. Hence, it is time to make your move and look out for the options available.