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Reverse Mortgages Can Be Used in More Ways Than You Think


What can reverse mortgages be used for? Finance expert and reverse mortgage specialist Kevin Kaltenbach joined us recently to explain.

Today I’ve brought on finance expert Kevin Kaltenbach to discuss an important topic: reverse mortgages. As it happens, Kevin is a reverse mortgage specialist, so you’ll definitely want to hear his thoughts.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:

0:05 - Introducing today’s topic: reverse mortgage options

0:52 - Kevin shares his advice for a client of mine who is considering a reverse mortgage

1:56 - How to refinance a home using a reverse mortgage

2:24 - Kevin dispels a few common misconceptions about reverse mortgages

4:19 - How to purchase a home using a reverse mortgage

6:44 - A few closing words

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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Location: Mission Viejo, CA, USA

Key Advice for Future Real Estate Investors


Many of my clients are looking for investment properties, so today I’ll provide you all some tips about how to be a successful investor.

Since many of my clients are looking to become real estate investors, today I thought I’d share a few tips regarding what it takes to be successful if you make the decision to invest.

1. Know what it means to get a good deal. It’s not just about getting the right price; some people see a property with a low price and think of it as a great way to make money. Besides negotiating a good deal on price, you should also look at whether that property is located in an appreciating area. A good investment property is one located where there are jobs available, there’s a good rental market, and where the economy, in general, is on an incline.

2. Have an exit strategy. Just like with stock, when you’re going into a real estate investment, you want to buy low and sell high. If you intend to hold onto the property for one year, your plan should be different from one in which you plan to hold the property for, say, 20 years. Having a plan before you make the investment will help you think about important things such as whether the property will provide you with monthly cash flow or whether it will appreciate over longer periods of time. Your exit strategy will make sure that you’re buying the correct property per your goals.

A good investment property is one located where there are jobs available, there’s a good rental market, and where the economy, in general, is on an incline.

3. Have cash in reserves. If you’re doing a long-term investment, consider whether your property is a cash flow property and whether you will have enough cash to allow you to make improvements to it. Be sure to have a reserve of cash on hand so that you can handle any unexpected costs or make any necessary repairs or improvements to keep your tenants happy and your investment stable.

If you have any questions or comments about investing in real estate, please feel free to reach out to us. We look forward to hearing from you!
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Location: Mission Viejo, CA, USA

Should You Trust the Real Estate Numbers You Find Online?


In the information age, accuracy has become increasingly important. Here’s where you can find the most accurate information about your home’s value.

Homebuyers and home sellers can become very frustrated with some of the numbers that they see online. I get people asking me all the time about homes that actually aren’t available for sale. Some prospective buyers think that a property is available because of what they see online, but that information isn’t always accurate. Sites like Zillow, Trulia, and Realtor.com don’t get updated every day, or even every week in some cases.

On the other hand, my website pulls from the direct MLS feed every 15 minutes. By utilizing this kind of search site, you will get the most updated information available on the properties you’re looking at.

Double check any information you get with a professional.

Another thing you want to look out for as a seller is the estimates that these sites give you. Studies show that Zestimates from Zillow can be anywhere from 10% to 20% off. That’s a huge margin of error, especially in our market. Double check any information you get from a site like this with a professional like myself. I can come out to assess the true value of your home and determine a pricing strategy where we can get it sold in the shortest amount of time.

Finally, make sure that you’re pre-approved or pre-qualified for the properties that you're looking at online. Talk with a lender first. If you need a recommendation for a good local lender, I’d be glad to help out.

These are a few of the biggest pieces of information that you’ll likely want to get from a professional instead of from an online algorithm. If you have any questions for me in the meantime about buying a home, selling a home, or about real estate in general, don’t hesitate to give me a call or send me an email.
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Location: Mission Viejo, CA, USA
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