Mortgage Loans

2/22/2013

Laguna Beach Community Garden

windmill used to scare birds for organic gardening

Tiny scarecrow made of corn husks

The use of the South Laguna Beach Garden Park property was graciously donated by the current property owner, but recently the land has been put on the market for a list price of $ 1,200,000.00

The South Laguna Beach Civic association is trying to raise funds to purchase the land. Owning the property will preserve the Garden Park for future generations. This community garden is a gathering place for neighbors. There are thousands of community gardens across the United States. They can provide organic produce, open space to enjoy and have neighbors work together. A fundraising program is underway to buy the land.

Tax deductible contributions can be made through

Charitable Ventures of Orange County, fiscal sponsor

Christmas ornaments used in photograph to keep birds from harvesting the vegetables

31616 Coast Hwy
Laguna Beach, CA 92651

Lot for sale, Lot size .28 acres Commercial Orange County, California MLS ID S706186

The lot is expensive because it is situated on Coast Highway in a heavy traffic location that is visible. The highest and best use of the lot is probably commericial. The lot has peek a boo ocean views

tax deductible contributions to:

South Laguna Civic Association

PO Box 9668 South Laguna, CA 92652

Write your check out to: “CVOC/South Laguna Community Garden Park”

Charitable Ventures Orange County (CVOC) is a fiscal sponsor for the South Laguna Community Garden Park Project

Would Laguna Beach Community Garden be able to qualilfy for a mortgage to purchase the land?
Probably not a conventional loan, but maybe some benefactor might consider this.

Caroline Gerardo
NMLS#324982
W J Bradley Mortgage Capital LLC
Newport Beach, California

http://mywjb.com/caroline-gerardo

2/21/2013

Real Estate Investor

12 Tips for Real Estate Investors to Make Money

I can do Conventional FHA VA Jumbo and Super Jumbo, Hard Money, Purchase and Refinance

Foreclosure for Sale Flip

Buy foreclosures and distressed properties rehab and flip or repair and hold for the market to improve?

· 5-10 Financed Properties for Investors

· Understand Mortgage Underwriting and keep in contact with your lender. Having a lender that can do all kinds of loans, or knows where to refer you to the right source is valuable. If your credit is weak, I can give you tips to repair that or a referral to raise that FICO. Pricing on Mortgage Interest rates are driven by FICO

· Cash out Refinance for Investors who bought REO foreclosures and distressed properties in the past six months, no seasoning required to get the appropriate ( loan to value per guidelines) cash back return on investment when investor is holding property, even short term hold to flip

· Investors can get cash back by refinancing with me in the first six months. In this market sometimes you have to close with cash to get the deal.

· No bank overlays (extra requirements our government has on each bank that sells loans to Fannie and Freddie) Understand that Wells Fargo has different rules than J P Morgan Chase. Going to a bank is a middle man, just as most mortgage brokers are middle men. Go to a mortgage banker who is direct.

· Purchases close in 15 days if you have your paperwork all complete in advance of the offer– no bank slow boat to nowhere

· Make your offer in person with seven day appraisal contingency

· Refinance close in 29 days

· Assume in any foreclosure you purchase it will need a new water heater and HVAC. Be aware of local planning permit laws about strapping water heaters and wiring for HVAC. Knowing the rules is important because your plumber of installer may not. Don’t use a 24 hour water heater service that charges more for the instant repair. Shop for water heater by size of existing space and compare prices.

· Number one thing in purchasing investment property is the location. You can’t change or fix location. Check for blue ribbon schools in area, this is a great starting point for desirable location.

· If you are going to rehab and flip, assume everything will cost 30% more than you think. Save the extra paint, parts, and supplies as you will need these for repairs later and the next project. Have a general theme of your design project: a favorite paint combination that matches with your finishes. Keep design simple, so a variety of people can see themselves loving the property. Be aware of curbside appeal to buyers. Pencil out your costs, time line and keep to the schedule. You may have to actually go pick up your laborers/ contractors to work your schedule. It is a great idea to network with others and compile a list of a great: plumber, dry wall guy, painter, the local wholesale landscape grower etc…

· If you are deciding to hold the property, aim for a two year lease. It costs time and money to have vacancy. The types of finishes you choose for leasing a property should be durable and simple.

The market in California has seen gains of 7% - 10% of median price. Don’t fall in love with one property and overbid. Keep shopping and making fair offers. I’ve seen offers that state $100 over anyone else’s bid. This seems risky.
My website: http://mywjb.com/caroline-gerardo/

Quick response any time you need call me and let’s brain storm on how you can make more money as a smart real estate investor. Turn that house into a pot of gold. Photo shows an image of me taking this picture.

Caroline Gerardo

NMLS # 324982

(949) 784-9699 cell

2/04/2013

625 Seaview, Laguna Beach,

625 Seaview, Laguna Beach California

Recently reduced

$1,249,000.00 3 Bedroom

This home is graceful and warm. It feels like you are on a cobble stone street in the Cotswold’s or perhaps on the rugged coast of Ireland. However, you can walk to a hundred different places for dinner and enjoy paddle boarding or sunbathing at Laguna Beach’s amazing water. The yard is quite charming. On one side of the home is a shower for getting that sand off from the beach, and green gardens. The front arched gate can close you off from the hustle of life and feel private as a castle on the moors.

Offered by Julie Locke please contact her directly

(949) 407- 8565

Julie@fitzpatrickprince.com