APARTMENT BUILDING INVESTMENT PROPERTIES IN HUNTINGTON BEACH CA – SOUTHERN CALIFORNIA

APARTMENT BUILDING INVESTMENT PROPERTIES IN HUNTINGTON BEACH CA – SOUTHERN CALIFORNIA

THERE ARE MANY GREAT APARTMENT BUILDING INVESTMENT PROPERTIES IN HUNTINGTON BEACH CA and it is my advice to buy Orange County CA apartment buildings NOW! Buy, before the prices necessarily skyrocket due to the numbers of displaced former homeowners resulting from the Foreclosure problems in California.

California has a 900 mile coastline and NO ONE is capable of building anymore coastline.  The Los Angeles Basin is bordered by the mountains on the east, the Pacific Ocean on the west, San Diego on the south and Malibu on the north.  The warm desert breezes run into the cool ocean breezes and create a Mediterranean climate that everyone in the world to aspires to experience.  However, right now, California real estate is experience the same downturn that every place in America is currently experiencing.

The farther down the property values descend during this economic slowdown (the Great Recession of 2006-2020?) the more properties which will fall below the “underwater line”.  This means that the loans on the property are larger than what can be paid by selling the property at current market value (CMV).

Apartment Building Investments in Orange County CA are going to be a spectacular move in the very near future and will begin their upside value appreciation as the single family market continues to deteriorate.  The more homeowners who lose their homes to foreclosure or short sale, the more apartments will be needed.  Building new apartments in North Orange County, CA is nearly out of the question because the cost of small vacant parcels makes the cost of new construction prohibitive.  Over the past 20 years the Cities have created such stringent “off street” parking restrictions that most of the older 4 Plex sized parcels no longer qualify without a costly building code “variance”.

So, buy Orange County Apartment Buildings before the prices and interest rates go up, again.  Call me Now!

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APARTMENT BUILDINGS FOR SALE IN ORANGE COUNTY CA – BUY NOW!

The reason I say this is that the former homeowners must live somewhere for a while or, in many cases, for the duration of their stay in California.

As it turns out, following the last few downturns in California real estate (1974, 1982, 1990, and 2006-2007), a certain number of folks, about 30% to 40% vowed NEVER to be in the position to lose a home, again.  That translates to several hundred thousand Orange County homeowners who will be looking for long term places to live…apartments.   

YOU CAN BUY APARTMENT BUILDINGS AT BARGAIN PRICES (You’ll see what I mean in a year or two if you don’t buy now) AS COMPARED TO 5 YEARS AGO. 

Here are some great examples of 4 unit apartment buildings which are available FOR SALE, today.

 BUY APARTMENT BUILDING INVESTMENTS BEFORE VACANCY RATES EVAPORATE AND PRICES RISE!

CALL ME FOR DETAILS…NOW!

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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BUY APARTMENT BUILDINGS IN ORANGE COUNTY CALIFORNIA-PRICES GOING UP SOON!

It is an interesting phenomenon that as the Foreclosure and Short Sale crisis increases, the need for apartments to lodge the displaced former homeowners will increase. 

The reason I say this is that the former homeowners must live somewhere for a while or, in many cases, for the duration of their stay in California.

As it turns out, following the last few downturns in California real estate (1974, 1982, 1990, and 2006-2007), a certain number of folks, about 30% to 40% vowed NEVER to be in the position to lose a home, again.  That translates to several hundred thousand Orange County homeowners who will be looking for long term places to live…apartments.   

YOU CAN BUY APARTMENT BUILDINGS AT BARGAIN PRICES (You’ll see what I mean in a year or two if you don’t buy now) AS COMPARED TO 5 YEARS AGO. 

Here are some great examples of 4 unit apartment buildings which are available FOR SALE, today.

Dana Point CA Fourplex Click Photo

Distressed! Garden Grove CA Fourplex Click Photo

BUY APARTMENT BUILDING INVESTMENTS BEFORE VACANCY RATES EVAPORATE AND PRICES RISE!

CALL ME FOR DETAILS…NOW!

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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BUY APARTMENT BUILDINGS THEY WILL BE IN EXTREME DEMAND – CARL ICAHN SAYS INTEREST RATES UP!!

CARL ICAHN SAYS INTEREST GOING RATES UP IN JUNE!! AND HE’S SCARED TO DEATH! HE GAVE “ALL” OF HIS FUND INVESTOR’S MONEY BACK LAST WEEK…and I quote from his appearance on CNBC this AM:

Part of the problem, Icahn said, is the big unknowns ahead. The Federal Reserve this week stood firm on virtually zero interest rates, but an end to the easy money is set. The Fed has said repeatedly that it will let its latest $600 billion bond-buying program expire in June.

Bond giant Pimcopulled out of long Treasurys last week, a signal that fund co-founder Bill Gross figures easing will end on schedule. That also means he thinks that the bond bull market is over and that interest rates simply have to rise.Icahn seems to agree. “Bernanke has done a brilliant job but he can’t hold interest rates down forever, and, in any event, he stops in June and we don’t know what happens after that,” he told the newspaper.

A reversal in U.S. rates, although perhaps a short-term shock trend for stocks (AND REAL ESTATE?), would be welcome in much of the rest of the world, where inflation already is roaring. Food riots have been common around the globe.

Niale Ferguson told CNBC: “Best case, we’re about to re-run the 1970s, only with Barack Obama instead of Jimmy Carter in the White House,”.

When the interest rates go up…home prices will necessarily go down…BIG TIME. The formula is simple:

LOWER PRICES = LESS EQUITY = MORE UNDERWATER HOME LOANS = MORE DEFAULTS = MORE FORECLOSURES AND SHORT SALES = MORE DISPLACED FORMER HOME OWNERS.

These displaced former homeowners will need somewhere to live for quite a few years. 

BUY APARTMENT BUILDING INVESTMENTS BEFORE VACANCY RATES EVAPORATE AND PRICES RISE!

CALL ME FOR DETAILS…NOW!

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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FORECLOSURES DOWN 27% IN ONE MONTH – BUY APARTMENT BUILDING INVESTMENTS…NOW!

RealtyTrac SAYS THAT FORECLOSURES DROPPED BY 27% FROM FEBRUARY 2010 COMPARISON TO JANUARY 2011.

The business news headlines are trumpeting the end of the foreclosure crisis…HOWEVER…the RealtyTrac press release points to the Legal mess that has been caused by ROBOSIGNERS and IMPROPER/ILLEGAL PAPERWORK presented to foreclosure courts in the states where there is a judicial foreclosure.

The FORECLOSURE TSUNAMI is building up steam out in the middle of the Pacific…another analogy would be…

You are drinking out of the Garden Hose…and you bend it in half so you can stop the water flow…does the pressure go down…or UP?

THE PRESSURE IS BUILDING UP AND FORECLOSURES WILL BE UPON THE REAL ESTATE MARKET FOR THE NEXT 5 TO 10 YEARS.

Garden Grove CA Fourplex

This is the time to invest in apartment properties to house the families who will be displaced as they lose their homes to Short Sale and Foreclosure.

Call me and I will show you how to create a high income retirement or send your kid to college…

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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BUY SO CAL APARTMENT BUILDINGS TO HOUSE THE SHORT SELLERS!

WHO KNOWS WHAT DANGER LURKS IN THE REAL ESTATE MARKET FOR 2011????

THE SHADOW KNOWS!

THE SHADOW INVENTORY…THAT IS…

 

 

Dana Point CA Click for Info

 

 Core Logic announced this week that the Shadow Inventory of Foreclosed and nearly foreclosed homes grew to 2.1 Million homes, up from 1.9 Million just 60 days ago.

Taken together with the existing homes on the market, it would take…

23 months to clear the properties in the “pipeline”…assuming the pipeline is not clogged by lack of desire or ability by the home buying public. What if the interest rates go back up to pre-2005 levels?

When it appears that home prices are going to drop another 10% to 20%…why would the average buyer get involved?

1) They want a home and don’t care what tomorrow brings = Nesters who don’t know better?

2) They get a “killer deal” (maybe not so killer when the dust settles).

3) It’s cheaper to buy than to rent in some areas of the country (not Southern California).

Who would a home owner get involved?

1) Job transfer.

2) Death

3) Retirement.

4) Short Sale or Foreclosure

I thought the Fed and the President told us “Prosperity is Just Around the Corner”.

It may be 2012 or 2015 before we actually REACH that corner.

THERE WILL BE A LOT OF FOLKS WHO SHORT SALE OR LOSE THEIR HOMES TO FORECLOSURE. They won’t likely be buyers again for the next 5 to 10 years because of the Credit Score and Down Payment restrictions. THEY’LL BE TENANTS FOR QUITE A WHILE…ESPECIALLY IF THE INTEREST RATES GO UP!

Call me to buy Southern California Apartment Building Investment Properties.  Fourplexes are the best investment because they still qualify for Single Family style loans.  16+ units make a great deal of financial sense and will take a larger down payment, however, rents are going to go up as the available pool of rentals gets absorbed in 2011 & 2012.

CALL ME!

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Buy So Cal Apartment Buildings to House the Foreclosed and Short Sellers!

The California Association of Realtors (C.A.R.) just posted the figures for Distressed home sales in CA (those homes which were either sold at Short Sale or sold after foreclosure and Bank Reposession AKS REO). 54% of all Sales in January 2011 were Distressed Sales. More than Half of all of the sales!

Garden Grove CA Fourplex *Click Photo*

You really need to pay attention to this because there are going to be a LOT of renters in California for a LONG time. Lots of renters mean big profits for the Landloards who rent to them.  Now is the time to BUY Apartment Buildings!

Distressed housing market data:

  • The total share of all distressed property types sold statewide in January was 54 percent, up from 50 percent in December, but down from 56 percent in January 2010.
  • Conventional sales made up the remaining share at 46 percent in January, down from 50 percent in December, but up from 44 percent in January 2010.
  • Of the distressed properties sold statewide, the total share of REO (real estate-owned) sales was 32 percent in January, up from 30 percent in December, but was down from 37 percent in January 2010.
  • The statewide share of short sales increased to 22 percent in January, up from 20 percent in December and up from 19 percent in January 2010.
  • The median price of homes sold in the state differed dramatically depending on the property type, with non-distressed properties selling for much higher prices than short sales and foreclosures.
  • The statewide median price of conventional properties sold in January was $367,150, 38 percent higher than the short sale median price of $265,500 recorded in January, and 85 percent higher than the January REO median price of $198,000.

Multimedia:

Share of Distressed Sales to Total Sales

Type of Sale Jan-10 Dec-10 Jan-11
REOs (real estate-owned) 37% 30% 32%
Short Sales 19% 20% 22%
Total Distressed Sales 56% 50% 54%

Distressed Sales by Select Counties
(Percent of total sales)

County/Region Jan-10 Dec-10 Jan-11
CA 56% 50% 54%
San Diego 34% 28% 33%
Marin 37% 34% 43%
Orange 41% 38% 43%
San Luis Obispo 49% 46% 47%
Los Angeles 54% 50% 54%
Mendocino 49% 57% 55%
Napa 68% 54% 59%
Sonoma 54% 55% 61%
Kern 69% 71% 70%
Sacramento 68% 66% 73%
Riverside 78% 67% 73%
San Bernardino 76% 72% 74%
Solano 76% 74% 81%

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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