The Disadvantages of Section 8 Rentals

by McKellar Newsom | August 10, 2012 | on Orange County Real Estate Deals | no comments

It felt like I was walking into a cave. A dark, messy, smelly cave. I looked around at the walls of my Section 8 rental and saw black, only black. The tenants had decided to add some “color” to the décor. But seriously, who paints walls black? And poop? Who leaves dog poop all over the floor? And trash? How can a family of four leave two, not one, but two dumpsters worth of trash? I started calculating the cost of priming and repainting, carpet cleaning and trash removal. How could a newly


Friday Asia Digest – Rise of Malaysia / The European Connection

by Ziv Magen | | on Orange County Real Estate Deals | no comments

Malaysia continues to cement it’s status as one of Asia’s top rising stars, as mentioned in last week’s digest, with demand for retail and commercial space increasing rapidly – this in spite of relatively high vacancies, which have kept rents stagnant in the last 2-3 years. Investors and analysts do not seem to be viewing this as an issue, however, pointing to the re-directing of corporate capital towards the distressed European and US markets – where recent rumours


Handshakes Vs. Contracts: Which Do You Think Is Better?

by Peter Giardini | August 9, 2012 | on Orange County Real Estate Deals | no comments

Yes, I know . . . on the face of it this seems like an incredibly dumb question.  But is it?In the past two weeks I have found myself in the challenging position of advising clients on the basics of the difference between executed contracts vs. doing business with just a handshake.  And, to make matters even worse, I was a partner in one of the deals that involved just a handshake.As someone with lots of experience and who considers himself to be pretty savvy in the negotiation and paperwor


Real Estate Investors: Beware of Haunted Houses

by Marty Boardman | | on Orange County Real Estate Deals | no comments

Be careful. That distressed property you have under contract to buy may be haunted. No, it’s not time to call an exorcist, or the Ghostbusters. While the guys in the beige jumpsuits and proton packs are proficient with eradicating those little green slimy ghosts they are no match for the demons that lurk in that smoking hot foreclosure deal you just tied up. In the title insurance world these demons are known as defects, or clouds. I like to think of them as apparitions, or skeletons buried b


Investment Property Management: What Metrics To Track And Why?

by Chris Clothier | August 8, 2012 | on Orange County Real Estate Deals | no comments

We Improve What We MeasureWhether you manage your own investment portfolio, or hire a property management company to manage your investments, there are key metrics to track and measure if you want to truly find success.  Any two real estate investors will define success differently, especially when it comes to property management.  If you follow on-line forums dedicated to real estate, you will notice heated arguments on the merits of using property management companies as opposed to do-it-you


The Recovery: Coming to a Market Near You

by Steve Cook | | on Orange County Real Estate Deals | no comments

Whatever you want to say about the toddling real estate recovery, it’s certainly not boring.  Even though it’s so young that it’s still in diapers, it’s surprising the experts as it delights and disappoints simultaneously.After several false starts, the recovery looks to be real this time and the longest real estate depression in the nation’s history is beginning to end.  Some are now even talking about the real estate recovery outpacing the overall national economic recovery, which


A Must Use Form for Every Landlord: Release to the Rights of Possession

by Kevin Perk | August 6, 2012 | on Orange County Real Estate Deals | no comments

The “Release to the Rights of Possession” form is one of the most important forms that a landlord can use.  It is a must use for every landlord.  It helps protect you from future claims from former tenants.  Let me explain.When you sign a lease with a tenant, you legally give them what is termed “possession” of that rental unit.  The tenant then occupies and possesses the rental unit for the term of the lease.  The “Release to the Rights of Possession” form comes into play whene


Learn from My Mistake: Why You MUST Understand Your Seller’s Needs

by Michael Zuber | | on Orange County Real Estate Deals | no comments

Several weeks ago, I wrote an article about a deal I had to give up on because the bank wasn’t playing ball — it was called “Swing and a Miss.”The gist of that story is that I was trying to duplicate my deal of the year from 2011 in 2012 by buying the apartment build next door to my original 2011 purchase.  In the story, I had to give up because I wasn’t able to structure the deal in the same fashion.Shortly after I wrote that article, I had an epiphany.  Why am I being s


Buy Where People Want to Live

by Richard Warren | | on Orange County Real Estate Deals | no comments

I was at a business networking meeting a couple of weeks ago and met a real estate investor. As usually happens, we started talking about the state of the market in the area. He couldn’t contain his excitement about a deal he had just closed to purchase a rental property. This wasn’t his first but he was fairly new to the business. The price per square foot certainly seemed like a good deal; the house was in good shape and he was starting to advertise for a tenant. I asked him where the hous


Muscle Memory for Real Estate: Improving Your Efficiency

by Clay Huber | August 4, 2012 | on Orange County Real Estate Deals | no comments

According to Wikipedia, the definition of ‘muscle memory’ is as follows:Muscle memory has been used synonymously with motor learning, which is a form of procedural memory that involves consolidating a specific motor task into memory through repetition. When a movement is repeated over time, a long-term muscle memory is created for that task, eventually allowing it to be performed without conscious effort. This process decreases the need for attention and creates maximum efficienc




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