Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]
Jeff Lazerson: Columnist at Orange County Register and other Southern California News Group; Owner Mortgage Grader, Aliso Viejo; MLO Student You can deduct 20 percent of your real estate rental profits right off the top before calculating your taxes. Starting with your 2018 federal tax return filing, and so long as you meet certain criteria, […]
My Friend and Icon of the Real Estate Industry Bob Hunt died Saturday evening March 23rd. Tributes are coming in from all over California and the U.S. Wayne Bell, former California Real Estate Commissioner and a mutual friend summed everything up best in an email he sent to Nancy. When I asked Nancy for permission […]
First Step What should be your first step if you are contemplating buying real estate whether for the first time or again? The words are GET APPROVED. Your Friendly Loan Broker You get approved by going to your friendly Loan Broker. I recommend someone who is DRE or DBO licensed, not the big bank people. […]
Food Samples In a new mystery-attorney type book I’m reading, the lead character and her friend have no money and are hungry, so they say, “Let’s go to the Costco Buffet.” Many of you know what she means. I am a Costco person, and believe that the best time to go for the samples they […]
Should I Get A Brokers’ License? Why should I get a Brokers’ license, when I am doing okay with my Salesperson license? My answer: “You will make more money.” In addition, you can work for two companies such as residential sales and lending or commercial sales and mortgage lending.
From The Department Of Real Estate “Instructions To License Applicants” Minimum requirements to apply for the Broker Examination and License. Age: You must be 18 years of age or older. Residence: You do not have to be a California resident Honesty: You must be honest and truthful. Conviction of a crime may result in denial […]
Grandma and Grandpa Lunch – With 4 of our Woodland Hills grandchildren at Toscanova at Calabasas Commons! Enough said.
The Answer Is Simple: You would have a chance to make lots of money. Making lots of money does not automatically make you happy, but it is better than being unhappy with no money. Are You Guaranteed To Make Lots Of Money? No. But there is a chance if you work hard and smart. Does […]
URLA Form Big changes are coming to the URLA. In fact, it is a whole new form that replaces the five page form from 2009. Whenever a Federal Agency, in this case Fannie and Freddie, make a new form does the number of pages increase or decrease? Will the new form have three, five, eight, […]
