RMS Advice - Small Business - Real Estate - Tax - Accounting

There are many reasons to own Real Estate. Which is yours?

Capital Preservation, Capital Appreciation, Pride of Ownership, Periodic Return (Cash flow from rental properties), Income tax advantages or …

Do not miss the good opportunity to purchase your house!

Call me to make an appointment. I will be please to serve you!

California Real Property Vesting Title forms:

1. Severalty (ownership by one individual or Corporation)
2. Tenancy in Common (Undivided ownership by more than one individual w/o the right of survivorship)
3. Joint Tenancy (Undivided ownership by more than one individual with the right of Survivorship)
4. Community Property (Property acquired by Husband and Wife during marriage is owed equally)
5. Community Property with right of Survivorship (After July 2, of 2001)

Other forms of Ownership are:

1. Condominium Project (You own the Three-dimensional airspace occupied by the unit plus ownership in common of the exterior walls, roofs, and common areas)
2. Planned Unit Development (PUD) (You own the individual unit or lot plus ownership in common of common areas, examples are detached homes or townhouse styles)

You can purchase Real Estate with Cash or combination of Financing and little Cash (little as 1%-3% of property value)

1. First provide your personal and financial information
2. Obtain a Credit Report
3. Obtain and complete a Loan Application
4. Make sure about the best type of Mortgage and terms of the Loan you can get
5. Obtain your Loan pre-approval letter

References:

• Southland Regional Association of Realtors http://www.srar.com/

• Greater Antelope Valley Real Estate www.gavar.org