Realtor^®, Real Estate Agent Los Angeles and San Fernando Valley Areas

Buy Real Estate 10% to 50% Discount

As a Real Estate Agent, REALTOR^® I operate in Los Angeles and San Fernando Valley Areas, which goes North as far as Moorpark, Simi Valley, Woodland Hills, Calabasas, Sherman Oaks, Tarzana, Encino, Van Nuys, Northridge, Granada Hills and North Hills. The Eastside Area i cover runs from Glendale, Burbank, Silverlake, Eagle Rock and Pasadena.

I also cover the Westside area of Los Angeles which runs as far as in Santa Monica, West Los Angeles and Southside covers ,Torrance, Gardena, Downey and South Bay.

Why such a large coverage area? Because I am not afraid of work, and I am here to educate as many people as I can, particularly after the recent financial crisis, which was mainly caused by real estate agents and loan originators, who SOLD OVERPRICED HOMES AND PUT HOMEOWNERS INTO LOANS THEY DID NOT UNDERSTAND SO THEY COULD PURCHASE THOSE OVERPRICED HOMES.

Those individuals who mainly sell real estate, and who pride themselves of being number ones and claim everywhere that they sold millions of dollars in real estate, are solely motivated by sales commissions, and do not care about their clients.

The proof of their sales success is in the record number of foreclosures in the nation: According to RealtyTrac, California has the highest number of foreclosures in the nation.

Home Foreclosure Activity Chart
 

In real estate you cannot deal with sales people, who claim to be the best in their companies, and who claim they sold millions of dollars. Great for them, the only problem is that IT IS NOT ABOUT THEM, IT IS ABOUT YOU AND ONLY YOU.

In real estate, you must work with REAL ESTATE ADVISORS. You must work with someone who will educate you, and show you that real estate is a vehicle to enhance your wealth, and your lifestyle. Thus you must always buy real estate like investors do, who buy low and sell high. You must always buy real estate at discount and not at full market value. The only ones who benefits when you purchase real estate at full market value are real estate agents who just want to sell and seek the highest and quickest commissions.

Historically home have appreciated at a rate of about 5% annually. In the six years between 2000 and 2006, however, appreciation was 89%, or nearly 15 percent per year on average.

Today's correction is a move to stability. The appreciation between 2000 and 2006 was unsustainable. Why did real estate agents kept on selling overpriced home to THEIR OWN CLIENTS? You'll be the judge.

How could real estate agents keep on selling those home who appreciated so rapidly, while income were not following?

Home Purchase Rule of Thumb

As a general rule of thumb, I would recommend purchasing a home that costs no more than 4 times a buyer’s annual gross income. For example, I would recommend a couple with an annual gross of $100,000 to purchase a home that is no more than $400,000.

Mortgage Affordability

The most common way lenders interpret these variables to estimate your mortgage capacity is the Percentage Method. I feel a family should spend no more than 28 percent of its income on housing costs, including the mortgage, insurance, and real estate taxes. This is also called the Front en Debt-To-Income Ratio. In addition, these housing costs plus your long-term debts (car loans, child support, minimum credit card payments, student loans, etc.) shouldn't exceed 36 percent of your income. This is also called the Back en Debt-To-Income Ratio.

So why did real estate agents and loan originators did not respect that rule of thumb? GREED I GUESS, SELFISHNESS AND IRRESPONSIBILITY. All that led us to the biggest financial crisis since the great depression. Should you ever trust those sales people, financial criminals ever again? I DON'T THINK SO.

Use our Mortgage Affordability Calculator to avoid making a bad financial decision. http://wealthcreationteam.net/mortgage_calculators.htm

How did Loan Originators Cheat Homeowners and put them into bad loans?

They were selling loans and not telling them the truth. They put homeowners at risk by getting huge commissions.

For example they were selling adjustable loans with high a margin for the lenders, which in turn allowed them to rip huge commissions. Let's take the case of a homeowner with a $600,000 adjustable mortgage. The loan salesman was charging 1% origination fee which allowed him to get a $6,000 commission.

An adjustable rate is based on an index plus the lender margin. Let's assume the index is 3% as off January 2005, and the lender's margin is 1.75% Then if the index is 5% in 2008 when the rate adjusts, then the homeowners has to pay 5% (index) + 1.75% (lender's margin). The commission on a 1.75% lender's margin may have equaled 1% commission on the back, thus another $6,000. But is the loan salesman could sell a higher margin then he would get a higher commission. So the loan originator was incentivized to sell a high margin so he could collect 4 percentage points from the back end plus 1% loan origination on the front end represented 5 origination points for the loan salesman. On a $600,000 mortgage that means he could collect a $30,000 commission.

So if he could get a higher commission from the lender by selling a margin of 3.75%, that meant that when the index become 5% and the margin was 3.75%, the loan would adjust to 5% + 3.75% = 8.75%. NOW YOU UNDERSTAND WHY SO MANY PEOPLE COULD NOT PAY THEIR HOME MORTGAGE ANYMORE AND WENT INTO FORECLOSURE.

Whose fault? The loan originators obviously but also the real estate agents who referred the clients to the mortgage brokers who sold those bad loans. Keep in mind that the only way people could get into those overpriced home, was by selling them those liar loans who were going to adjust at a much higher rate in the future.

Don't EVER TRUST THOSE FINANCIAL CRIMINALS. Do you due diligence.
 

The Median & Average Sales Prices of New Homes Sold in The United States

As a Real Estate Agent, REALTOR^® covering the Los Angeles and San Fernando Areas I show people how to buy low and sell high. I enjoy working and educating individuals and families who want to purchase real estate. Real estate has nothing to do with a home with 4 walls and a roof. REAL ESTATE SHOULD BE USED AS A VEHICLE TO BUILD WEALTH. And as such, I NEVER SELL OVERPRICED PROPERTIES, but I encourage people to buy discount real estate so they can make a profit when they purchase, and they when they resell.

I specialize in locating foreclosures, short sales, bank owned, REOs and probate properties, which can be purchased at 10% to 50% discount.

The fact that I am also a Mortgage Planner, allows me to understand the finance part of real estate and the tax implications.

I am a Real Estate Agent and Mortgage Planner committed to raising your Financial IQ.

I will teach you How Money Works.

I will educate you that your mortgage is a tax deductible financial tool, not just a debt.

Here is what a properly structured mortgage will do for you:

I will teach you how to buy real estate low and sell high. I work with a few home improvement companies, who will renovate your property at the lowest possible cost so you can sell it for maximum profit.

I will show you the most cost effective way to improve and embellish your house so buyers fall in love with your home.

My job and my responsibility is that I have to create awareness in your life. Awareness is key! You have obtained the results you’ve got by acting the way you did, because of the advice you got from your CPA, the advice you got from your financial planner, the advice you got from your real estate agent, the advice you got from your attorney, the advice you got from past loan salesmen. But now you have a new team, you’ve got a new financial planner, and you’ve got me, who is going to create awareness to a new possibility. I am not going to tell you this is the only way to go, but it is going to create a new possibility.

I am the founder of The Wealth Creation Team. If you’ve been conducting your finances on your own, it’s time to consider choosing a team. When it comes to building serious wealth, and we’re talking millions, it’s hard to do it alone. Building and managing money on that kind of level isn’t just possible for one person alone. It’s almost impossible to do it without a team of experienced Financial Coaches, Mentors, Tax Advisors and Financiers. The Wealth Creation Team is a group of carefully selected professionals who work with you to help you create and manage your wealth!

As a Real Estate Agent with Rubicon Real Estate and Loan Originator With Paladin Mortgage I will work with you to:

Create a New Beginning!

Work With The Best!