Investor’s Corner

How to avoid capital gains tax when investing in another property.

So you’re taking the step forward into investing. You have one property you’d like to sell so that you can purchase another, maybe larger, property Montemayor and Associateswith the proceeds. Under normal conditions:

  • You would sell your home, and receive a check at the close of escrow, minus closing costs and realtor fees.
  • You would be taxed on the capital gains from the sale of your home, thus reducing the amount you can re-invest toward another home.
  • Since you have less to re-invest, you also may not qualify for the size of home you actually want so that you can increase your portfolio and overall net worth.

Continue reading

Statistics show Santa Clarita homeowners are getting a very good return on their investment.

It’s been written that the industry standard for return on investment as far as real estate goes is on average between 3 to 5 percent. In the Santa ClaritaHome Warranty Valley, the median price of a single family home rose 12 percent in 2014. Condos, while not faring quite as well, still rose by just a little over 8 percent.

So think about it: Where else can you make an investment with only a small percentage down, and make 12 percent on that investment in as little as 12 months?

When thinking about personal wealth and investments for your future, real estate truly is one of the best investments you can make.

Now, the past couple of years has seen recovered growth in the Santa Clarita Valley from a few “down” years during the recession. Even taking those negative equity years (Between 2007-2010), on average, single family homes in the Santa Clarita Valley have increased in value by 6.15 percent per year since 1998 (Source: Southland Regional Association of Realtors. 1998 was the first full year they posted median statistics in the Santa Clarita Valley).  Continue reading

Your dream of positive cash flow as a property investor can be marred by what you don’t know about landlord and tenant rights.

As property values begin to rise once again, the thought of “cashing in” on the market crosses many minds. Yes, there is money to be made in property investment and Property management.management, but before you plunk down some hard-earned cash, here are the top things you should know.

1. You may enter into a verbal lease agreement, although it is always wise to get it in writing.

There is nothing illegal about verbal agreements in property management. That being said, insuring both your rights, and the rights of your tenant, are protected, it is ALWAYS best to enter into an agreement that is spelled out in legal and binding terms.

2. There is no such thing as a “non-refundable” security deposit.

Landlords may collect a security deposit at the time of a lease signing not to exceed 2 months’ rent in the case of an unfurnished apartment, or three months’ rent for a furnished apartment. That being said, you may not use any verbiage or enter into an agreement that states any portion of the security deposit is non-refundable. Here is what the California Department of Real Estate says on the matter: Continue reading

The love triangle between stocks, bonds, and interest rates can make for strange bedfellows.

Mortgage rates dropped this week on good news from both the stock and bond market. Bulls and Bears represent the volatility of the stock market

As industry professionals, we tend to throw these phrases around without considering whether anyone really understands what we’re talking about. In all honesty, what does this have to do with whether you can afford a home or not?

Well, we’ll take this opportunity to explain why news from the financial marketplace can affect your home purchasing power. First, let’s get a few definitions out of the way: Continue reading

Many property managers find that going from running a single family residence to a whole apartment complex isn’t as difficult as they might think.

We’ve written in the past about investment properties, but usually we’ve discussed owning a single family residence, or perhaps a condominium complex. Many real estate investors are doing this, and, when done correctly, provide them with some nice positive cash flow.

But what about those who may be considering a bigger investment? Say, an apartment complex or other building that can generate income as well? Is it really that much harder to purchase real estate such as this, compared to investing in single family homes? Continue reading

Steady climb in real estate prices second highest levels since 2008.

More good news for the Santa Clarita real estate market: Housing prices have continued to rise to pre-recession levels. Santa Clarita housing prices on the rise

Resale homes jumped nearly 24 percent over November 2012, selling for an average of $445,000 in November of this year, according to the Southland Regional Association of Realtors. Condominiums jumped to an average of $295,000, which is a gain of nearly 50 percent over the average selling price of $197,000 only a year ago.

These market increases are significant for home owners, especially those who purchased earlier this year, as they have already seen a return on their investment. Home sellers have been able to take advantage of a tight inventory market in 2013, which helped to boost prices based on supply and demand.  Continue reading

Median Santa Clarita Valley home sales jump from September to October.

In a report issued by the Southland Regional Association of Realtors, Santa Clarita has once again seen gains in home prices during the month of October. The median sales Santa Clarita home prices on the rise.price for a single family detached residence topped out at $440,000 last month, which is a nearly 3 percent gain over September. Year over year, we’ve seen home prices rise just over 22 percent from October 2012, where home prices averaged $360,000.

Condominiums prices are also rising. This is good news considering their slow start out of the gate once the real estate recovery began in earnest. Homeowner Association regulations regarding FHA financing for the purchase of some condominiums had led to slow growth, but it appears that home buyers eager to “get into the game” have overcome those obstacles as condo prices have jumped 40 percent from October of last year. Average sales price of a Santa Clarita condo was $280,000. Continue reading

With housing prices on the rise, many formerly upside down homeowners are Drop in negative equity sees rise in real estate valuesonce again seeing equity in their properties.

A recent study conducted by Zillow.com showed that the nation as a whole has seen sharp drops in “Negative Equity” housing; meaning that the the number of homes worth less than their loan amount, has dropped dramatically.

Overall, Negative Equity homes have dropped 21 percent in the third quarter of 2013, with California leading the way at 44.4 percent. Followed by:

Nebraska (38.9 percent)
Minnesota (38.2 percent)
Arizona (38.1 percent)
Utah (37.5 percent)
Texas (35.7 percent)
Nevada (35.6 percent)
Oregon (32.5 percent)
Washington (30.2 percent) Continue reading

Brandon speaks with Don Goettling and Gino Fronti, hosts of the Real Estate Santa Clarita Valley Newhall Real Estate UpdateRadio Network on AM 1220 KHTS.

On Thursday, August 8th, 2013 Brandon was a guest of the Real Estate Radio Network on AM 1220 KHTS located in Santa Clarita, CA.

He spoke in depth about:

  • How home buyers and sellers should focus on success in their real estate objectives.
  • How despite the recent market changes, overall housing prices have remained steady, with a national average between 11 and 12 percent.
  • He also discussed that, while indicators point to a shift in the market, it’s an even better time for buyers with more opportunities to find the home of their dreams.

You can listen to the entire interview with Brandon on the Real Estate Radio Network by clicking the “play” button below.

 

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Are we seeing the perfect storm for Real Estate investment?  The prices are right, the interest rates are right, and with the right Real Estate Team at your side, there is no reason you cannot take advantage of this opportunistic market!

Whether your objective is to invest for the future, buy your first investment property, add to your portfolio, or begin to learn how to invest, we are the Team for you!  Give us a call TODAY for a FREE and private consultation so we can show you how to build passive wealth and get your money working for you!  Direct: 661-510-2789

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Client Testimonials
I had specific needs for my new home. Brandon was very patient with my unique situation and flexible when it kept changing. He showed me so many houses, but with little inventory, none of them were quite perfect or they had too much HOA or Mello Roos. Finally when we found The One, no HOA, no Mello Roos, it had been on the market for 4 days and I made an offer that morning. I was sure the sellers would give it to someone else but Brandon worked hard to make sure they accepted my offer and by that night, the house was mine. Had it not been for Brandon I would still be searching for a house because so far, there is still nothing better than mine.
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