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I Want to Wish You a Happy Thanksgiving!


I want to wish you and your family a happy Thanksgiving!

The Thanksgiving holiday is one of my favorite times of the year. I want to wish all of you a happy Thanksgiving! I’m thankful for the people in my life: friends, family, and coworkers. I hope you feel the same! If you are interested, there is an enjoyable event coming up in our area. The 42nd annual Orange County Turkey Trot is extremely entertaining, you can see more information here. Thank you very much for all of your support. I hope you have a safe and cheerful holiday!

If you have any questions concerning real estate, please reach out to me by phone or email. I would love to help you.
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Location: Mission Viejo, CA, USA

2 Handy Financing Options for Investment Property Buyers


If you’re thinking of buying an investment property, here are a couple of handy financing options.

I have a client who’s looking to buy a duplex in San Clemente that’s priced slightly under $1 million. If you find yourself in a similar situation, what kind of financing should you use to purchase your property?

According to Dave Marzinky of Movement Mortgage, there are two options you should consider.

The first is conventional financing. The minimum down payment for this option is 15%. You can then use 75% of the gross rent of the other units to finance the purchase. The minimum FICO score needed for this loan is 620 but, as always, the better your credit score the better your financing terms will be. Since my client’s score is roughly 740, her interest rate will be in the 3% to 4% range.

The better your credit score the better your financing terms will be.

The second option is an FHA loan, whose minimum down payment amount is 3.5%.

In any case, passive income is a great way to build wealth, and with interest rates as low as they are, it’s a great time to buy an investment property. If this is something that interests you, don’t hesitate to reach out to me so I can help you get the ball rolling.

As always, if you have any other real estate questions, feel free to reach out to me as well. I’d love to help you.
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Location: Mission Viejo, CA, USA

Holding Title in a Trust


As a buyer, you’re allowed to hold title in a trust, but you’ll need to provide your lender with certain documents.

A client of mine is in the middle of a home purchase and he wants to put the property in a trust. If you ever find yourself in a similar situation, can you hold title in a trust? Today I’m joined by Dave Marzinke of Movement Mortgage to answer this question. You definitely can, but there are a few documents you’ll need to provide to your lender. The first is a copy of the revocable trust. The second is a trust certification of attorney opinion letter. The latter is an outside document that certifies how the trust is set up, who’s a part of it, and how it’s recorded. Also, the certification has to be notarized. You can provide these documents after the offer is accepted if need be.

If you have any more questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.
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Location: Mission Viejo, CA, USA
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