Costa Mesa's Neighborhood Blog

A blog about Newport and Costa Mesa with an emphasis on Costa Mesa Real Estate and Newport Beach Real Estate, written by a lifetime local resident of coastal Orange County whose knowledge of the area, combined with a strong background in mortgages, real estate and being an attorney, gives her clients many advantages.

Orange County Investment Homes Can Actually Cash Flow!

Orange County Investment Homes Can Actually Cash Flow!

 

For several years while prices increased dramatically and quickly, it was difficult to buy homes that cash flowed and/or gave good cash on cash returns, and many investors were buying hoping to grow their equity rapidly and sell for a profit.

 

Today, after median values fell nearly 40% from their high point, many investors are finding that it is a great time to get in the market.  Many properties will cash flow after all expenses even with a mortgage on the property.  Though this isn't true of all properties, it is true of many, and currently investors account for approximately 1/3 of all properties sold.

 

Do you wish that you could invest, but believe that you can't?  Would you like to invest if only you had the money?  If this is the case, we would be pleased to talk with you and make suggestions to get you started on your investment portfolio?

 Orange County Real Estate Investing

If you are already investing in real estate whether to buy and hold or to rehab and resell, we would be happy to help you identify the right properties to fit your criteria. Please give us a call at 714-319-9751.

 

Originally posted Orange County Investment Homes Can Cash Flow!

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

6 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • August 13 2011 03:09AM

Do You Have Any Advice in Light of the Stock Market Meltdown?

Do You Have Any Advice in Light of the Stock Market Meltdown?

 
 
To say there is concern about the economy and the Stock Market Meltdown would be a major understatement, like saying that World War II was a small European conflict barely fit for reporting in the history books.
 
 
$2.8 trillion dollars in value has evaporated in three weeks! That's TRILLION with a Capital T.
 
 
I don't see how any one who is watching what is going on both nationally and globally could not be concerned about fiscal security after watching the stock market meltdown.
 
 
stock market meltdown
 
 
Yesterday, our local paper, the Orange County Register asked if I had any thoughts on this.
 
 
As it turns out, I do.
 
 
Regarding retirement money and the stock market meltdown, I have had clients coming to me the last few days asking if there is a way to invest money in real estate using their retirement accounts, and I have told several that there may be. In some cases, 401Ks, particularly from previous employers, can be converted to self-directed IRAs allowing them to control the direction of investment. Real estate is certainly one avenue many of them take, but it is not the only one allowed them with self-directed IRAs. I think in this time of uncertainty, many people believe that there is more solidity in real estate because there is actually something of substance as opposed to the stock market where you can't actually get your hands on what you own.
 
 
For people who are simply looking at their standard stock portfolios and wondering what they might do instead, we continue to hear that the rental market is strong. If a person is considering investment property, many properties in Orange County now cash flow as rentals that didn't in the past several years both because prices and interest rates are down significantly. While I don't recommend buying and holding a property that is losing money each month in hope of gaining equity later, I do believe that finding a property that cash flows can be a good investment with the hope that the property will grow in equity some number of years from now.
 
 
Is real estate the perfect solution to the stock market meltdown? Are there any guarantees that prices won't fall further? There certainly aren't! However, it may provide more stability than a stock market that at times seems to be in free fall.
 
 
What do you think? Are you better off taking your chances in the stock market? Real estate? Gold? Do you have some other ideas?
 

 
If you would like to consider moving your retirement to a self-directed IRA, please contact me at 714-319-9751, and I will provide you with the information for some companies that can help you.
 

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

8 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • August 13 2011 02:37AM

Costa Mesa Real Estate Minute - September 7, 2008

The Costa Mesa Real Estate report for September 7, 2008 is as follows:

There are 338 homes currently for sale in Costa Mesa.  248 of these are single family (SFR) homes.  90 are condos.

100 homes are in escrow, conditionally sold. 79 are SFRs. 21 are condos.

6 homes have closed escrow in September.

The median price of homes in September is $616,500.  The average price of a home in September is $623,000.

One of the homes sold in September is a bank owned/REO.

61 homes closed escrow in August. 

The median price of homes in August was $485,000.  The average price of a home was $517,672.

12 of the homes sold in August were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process.

21 of the homes sold in August were bank owned/REO properties.

No homes were listed today. No homes were placed in escrow since our last post.  

Two listings were put on hold today.

For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.

 Click here for a free list of Orange County Foreclosures or a free list of Orange County short sales or email me at christine@donovanblatt.com.

 

Information deemed accurate and reliable but not guaranteed.

Information from So Cal MLS.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • September 08 2008 12:02AM