As a realtor who specializes in Probate sales I have recently been involved with a number of families were trying to sell homes they thought they inherited or had title to, but wound up in Probate instead. Since the Probate courts are backed up, this can cause delays, heartache, and tension for t
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02/03/2018
In the Fall of 2014 one of my San Jose rental property investor clients needed to do a 1031 exchange for about 1.5 million dollars worth of property. She needed to replace about $60,000 in net income. We were faced with the following conditions: 1.Even 2014 finding a 4% CAP rate in the Silicon
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01/22/2018
This is a question I get asked all the time. When an owner has passed and has rental property should the heirs sell the Morgan Hill probate or trust home with the tenants in place, or wait until the lease is up? While most years I would say wait until the tenants are gone, but with the uncertaint
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01/16/2018
The rains are starting again. Yay!!! This is great news for California. It is not always great news for Santa Cruz home sellers. Many Silicon Valley rental property investors go to Santa Cruz when the sun is shining and the temps are in the 70's, see what a great place it is, discover how high th
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01/13/2018
Many young, well paid Professionals and Tech workers come to the Silicon Valley for good jobs, its wonderful weather, and incredible cultural and family friendly amenities. But they get here and find that the cost of Silicon Valley housing is prohibitive, or impossible to buy buy to the competit
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01/06/2018
In California, if there has been a death on a property that fact needs to be disclosed to prospective buyers in writing for three years after the death. After three years if a prospective buyer asks the agent and seller need to answer honestly.In the past homes Probate homes in San Jose where th
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01/05/2018
First I want to make it clear that I am not an accountant and I do not play one on TV. Anything I say should be verified with you tax and financial planners.That being said, after the passage of the latest tax bill, owning Silicon Valley rental property has become an even better investment for S
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12/26/2017
If you are one of smart Silicon Valley investors who is buying a rental property in Santa Cruz you may be buying one that has tenants in place. If that is the case it is very possible that the current tenants are not paying Santa Cruz market rental rates. Current Santa Cruz rental market rates a
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11/05/2017
Many of my Silicon Valley Investors are finding that the price it costs to purchase an investment rental property in someplace like Palo Alto, Mountain View, or even downtown San Jose has gone up much faster that the rental market value has. It is not unusual to see CAP rates of 1 or 2 % whic
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10/05/2017
I am a realtor and a Santa Cruz rental property investor since 2000. There are many reasons to invest in Santa Cruz rental properties, some of which I have discussed in this article. Today I want to talk about what the pros and cons are in renting to UCSC students. Here are the pros that I have
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10/01/2017