Next Question - How Much Can You Afford?

Real Estate Matters with Tim Bro

Next Question – How Much Can You Afford?

You've started your home buying search and are dreaming big – so now you need to take the next steps to make sure you can realize that goal. Now is the time to do your research and find the financing options for a home that will work best for you.

Even if you're in the “just thinking about it” stage, it's a good idea to speak with a few lenders about receiving pre-qualification for a mortgage. When you choose to become pre–qualified, you will provide some basic information about financial situation to a lender over the phone or online.

When you are ready to start looking at homes with me in person, you will want to become pre–approved for a loan and have the lender assess your credit worthiness.

To get started with your home purchase, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate.”

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www.TimBroHomes.com

DRE# 01224576

Ready to Sell Your Home?

Real Estate Matters with Tim Bro

Ready to Sell Your Home?

You probably have two questions:

How much can I sell for?

How quickly can I sell my house?

Determining the market value of your home is complex and working with a local market expert like Tim Brodowski can help you determine the right price to get you top dollar when you’re ready to sell.  You don’t want to leave money on the table, but you don’t want to overprice your home either.

Some key factors in market value include:

·         Location

·         Lot size

·         Square footage

·         Up-grades and renovations

Are you looking to sell your home in the next year or so or are you just curious about the value of your home?  Either way – Tim would be happy to chat with you in person.  Tim Brodowski, “The Right Choice in Real Estate” – 858-354-2354.

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

Helpful Tips for the Real Estate Investor Part 2 of 2

Real Estate Matters with Tim Bro

Helpful Tips for the Real Estate Investor Part 2 of 2

9.     Personal property – what’s included:

There are many different types of personal property (appliances, furnishings, etc) involved in an investment sale.  Make sure you know which personal property items convey with sale.

10.  Have adequate insurance:

Consult with an insurance agent to make sure you are covered!  Tenants and their guests bring liabilities!

11.  Selecting qualified tenants from the start:

Check references from previous landlords, employers, bankers, and credit agencies.  A little work up front can save a lot of your potential problems in the future.

12.  Treat your tenants as customers:

Vacancies and turnovers are your largest expense!  Charge fair rents and attend to realistic tenant needs immediately.  Yes, immediately!

13.  Not renting right:

Too low rent costs money, but it can reduce turnover and can decrease vacancies.  High rent increases cash flow and the value of the building, but can increase the vacancy factor and turnover.  Understand if there is rent control or if there is proposed rent control.  This could severely inhibit financial performance.

14.  Spending positive cash flow?

Apply your excess cash flow to the payment and speed up that amortization schedule.   And/or keep a “reserves” account for maintenance and unexpected events.

15.  Monitor & visit your property:

Do this yourself if the property is local. If located out of town and you have a property manager, have them visit, take pictures, and offer a write up. Frequently!!!

16.  Future Plans:

As you develop a strong equity position and positive cash flow in your real estate holdings, it may be time to leverage it and buy another.  Another idea would be to sell it in a 1031 Exchange and purchase a move up property.  Or … well, the option and possibilities are limitless.

17.  Exit Strategy:

When it’s time to liquidate properties, understand what options are available.

To discuss and review your current holdings and future real estate goals, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate”.   

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

Helpful Tips for the Real Estate Investor Part 1 of 2

Real Estate Matters with Tim Bro

Helpful Tips for the Real Estate Investor Part 1 of 2

1.     Know what your goals are:

Talk to your real estate consultant about cash flow, capital appreciation, tax benefits, management methods, equity pay down, and pride of ownership.

2.     Knowing/checking income and expenses:

Check everything: rent income, taxes, expenses, deposits, lease expirations, etc.  Hype is an epidemic in investment real estate.  Also, factor in reserves for maintenance and unplanned events/issues.

3.     You’re buying a business:

Owning an investment property carries with it great responsibility and potential, along with some very difficult decisions – evicting tenants, who to rent to, whether or not to make certain improvements, etc.  Remember it’s a “hands-on” investment.

4.     Being emotional:

An emotional purchase is not your best investment strategy.  Pay attention to the numbers, not necessarily your heart.

5.     Negative vs positive cash flow:

Understand the cash flow position of each investment property. Are you looking to have a positive cash flow … understand what that entails.  Is a negative cash flow ok … if so, how much is allowable in your budget.  Reminder, factor the up side … depreciation, tax write offs, and appreciation.  Understand your numbers and goals.

 

6.     Ideal loan for your investment:

Here is a stress inducer – long-term investment goals financed with short-term instruments: a classic investment mistake.  My opinion, you should own real estate for the long term; utilizing long-term financing.

7.     Inspections:

Look at every inch!  Hire a professional inspector and ask the tenants questions about the property.  Don’t get lazy on this one!

8.     Read, approve, and confirm all documents during escrow:

Review zoning laws, rental applications and leases, by-laws, easements, title policy, inspection reports, purchase contract, insurance, rules and regulations, trust deed, mortgage, etc.

To discuss and review your current holdings and future real estate goals, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate”.   

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

Southern California Golf Communities

Real Estate Matters with Tim Bro

Southern California Golf Communities

Wish you could start the day by playing a few holes before breakfast?  Or a late afternoon round with family?  YOU CAN!!!!  A home on the golf course in San Diego County may be what you are dreaming of.  The San Diego area is famous for its world class golf courses and some of the most sought after and revered residential communities in the United States.  Whether it’s a coastal golf community in Carlsbad, an estate property in Rancho Santa Fe, an island property on Coronado, or a retirement home in Rancho Bernardo, Tim can guide you thru the process. 

The local golf course communities enjoy the exquisite California weather year round and are the ultimate golf destination.  The home communities are varied.  Some in warmer climate of East County, others in the rolling hills of north county San Diego, and others graced by gentle coastal breezes.  Homes in golf course communities can be condos, luxury custom homes, or smaller retirement homes.  The point being that there is a perfect golf community in San Diego County for everyone.  Let’s go play a round. 

To find the golf course home in the perfect neighborhood for you, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate”.   

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

SRES® - Retirement Thoughts

Real Estate Matters with Tim Bro

SRES^® – Retirement Thoughts

1.    Plan for a happy and healthy retirement. It’s never too late to plan and save. Budget for your housing, living expenses, medical, and fun adventures.

2.    Make new friends and keep the old. The happiest retirees Tim knows are those that are active with their family and friends.

3.    Identify the most trusted people in your life. Make sure your legal affairs are in order, ie trusts, wills, power of attorney, and medical decisions.

4.    Right size your housing. Do you want to stay in your home? If so, perform regular maintenance. If you wish to downsize or find alternate housing start with a call to Tim for a consultation.

5.    ENJOY! Have fun and enjoy all that life offers. Do it now, you don’t have to wait for retirement for this one.

To get started with your home sale or purchase, call Tim Brodowski at 858-354-2354, your “Seniors Real Estate Specialist^®”, where the future takes shape.  

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

Mission Valley Delight!

Mission Valley Delight!

2250 Camino de la Reina #6105, San Diego, CA 92108

River Colony Beauty in the heart of Mission Valley. First floor condo with private feel. 2 bedroom 2 bath, fresh coat of paint. Cook up your favorite meals in the kitchen with tile counters, stainless dishwasher, and recessed lighting. Open dining and living room perfect for entertaining family and friends. Community pool, library, and exercise room. Washer/dryer in unit. Close to river walk, restaurants, and shops. Something special for everyone to enjoy!

To schedule an appointment to preview, call Tim Brodowski @ 858-354-2354.

Click here to view 2250 Camino de la Reina #6105 property details.

DRE #01224576