All Forum Posts by: Jason Jones

I am looking for a real estate agent located in the San Fernando/Conejo Valley area to work for our company. The ideal candidate would be someone looking to be part of a team and working for a growing real estate company.

Here is a brief description of the type of agent we are looking for. If you are interested, please contact me directly to discuss.

Valley Agent Criteria:

A self starter, but not someone who is ambitious enough to go out on their own…

Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board)

Someone who understands the rental market (acquiring low price properties that demand high rents)

Experience with Winforms and MLS

Investment property experience

Computer savvy

Home office with fax, email and a windows operating system, Outlook (not MAC)

Someone with an existing book of potential clients

Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley

Nice find... I think site number 2 & 4 are exactly what I'm looking for.

Thanks for sharing!!

I couldn't agree with you more. I've been looking for the same data. For California, you can go to CAR.org and check out some of the market data they have, but I'd love to find more. The problem is the last census was in 2000, so all the data I've found is outdated. I heard they are preparing for another census later this year, or maybe early next. However, it will probably take them another year to publish the results :)

I use LifeLock.com

It's about $10 a month, or $100 per year. Technically you can do all the same things yourself for free, but it's a hassle. They setup fraud alerts on your accounts to ensure nothing new can be opened under your name withouth your approval first. Works well for me. Check out thier website to learn more.

Hmmm... You mean like these?

http://gallery.mac.com/rjgruber

Right with you Jeep brother.

'93 Jeep Cherokee Sport with 205,000 miles. I've seen many get 300,000 or more.

However I'm worried about your comment to switch to a Ford. That's scary. I'm planning the new 4-door Wrangler as my replacement.

While I generally agree with what others have said, I think investing in SoCal is a little different. I live in Thousand Oaks, so I know this market fairly well. I have 3 rental properties out of state since that's the only place I can find properties that are positive even with 50% expenses.

However, I too have put an offer on a short sale condo here in T.O. that would break even. It's $100,000 less than it sold 1 year ago and about 30% below current market value. I'd be happy to find a break even rental at 30% below market value in this area. However, I'd be sure I had some cash reserves on hand to cover any negitives (i.e. vacancy, maintainence, etc.).

SoCal is a different market and different rules apply.

So Countrywide will offer me 90%, but with PMI.

$574.19 P&I
$781.47 PITI + PMI

If I only get an 80% LTV, then:

$510.39 P&I
$646.01 PITI

30 year fixed at 6.125%

I'm thinking it would be better to have the seller carry back a 2nd on 20% to avoid the PMI & still make the numbers work. I'm thinking $21,000 @ 8% for 7 years ($328).

Does this sound ok? Is that a fair rate/term to offer the seller?

The seller was open to carrying back a 2nd. I'm thinkin countrywide for the 90% and have the seller carry back the 10% - I'll cover closing cost.

What would be a good offer for that seller 2nd?

$10,500 5 years @ 9% ??? I don't know what the going rates are.

Anybody know of a place to get some good financing?

I've got 2 properties currently waiting on financing, plus this 3rd prospect.

Verified income, credit scores of 800+/-, all units cash flowing, no personal debt, over six figues in retirement accounts, etc.

Countrywide is offering 90% LTV on investor loans, but I'd love to get 100% (or combo some loans to get there). I don't have a lot of capital since I'm just starting out, so I'm trying to limit what I have to put in the deal.

Any ideas?