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Some Rules of Real Estate Investing

July 25, 2023

2 3865 Jpg Scaled If You Are Looking For A Pathway To Passive Real Estate Investing, Give Sun Pacific Mortgage A Call. We Offer Trust Deeds In Well Vetted Properties In California And Hawaii. As Little As $100,000 Can Have Your Earning Interest As High As 12% Or Higher.

Real estate is the only investment where you can actually borrow other people’s money to purchase and own an income producing property.  As long as you have positive cash flow overall in your portfolio, you can buy as much income property as you can.  Leverage is a very powerful concept and real estate is probably the best place to leverage your investment capital because it’s a hard asset while fulfilling a need called housing. The following are some hard-earned rules presented by Marco Santerelli of Norada Real Estate, that we felt were informative enough to share:

  • Be informed regarding the market. There is a lot of truth in the saying, “The more you learn, the more you earn.”
  • Set investment goals, not wishes. You are far more likely to achieve financial independence if you write down clear, specific, and detailed goals than not doing anything at all.
  • Never speculate. Always invest with a long-term perspective in mind.
  • Don’t chase appreciation. It will happen in the right market and the right neighborhood because real estate is a hard asset made up of commodities and over time it will appreciate because of inflation.
  • Keep in mind that the equity growth in the property will always far surpass the cash flow.
  • Don’t be married to any particular market. Each and every market is local and will move up and down completely independently of one another due to various local factors.
  • Always first choose the market, the city, the town that you want to focus on based on the health of that market and the local economy.
  • It [can be] wise to have a management company handle your real estate investments. It can be a tough, full-time job and your time is more valuable and should be spent on things more important to you.

If you are looking for a pathway to passive real estate investing, give Sun Pacific Mortgage a call. We offer trust deeds in well vetted properties in California and Hawaii. As little as $100,000 can have your earning interest as high as 12% or higher.

You can find us at www.sunpacificmortgage.com or call us at 707-523-2099.

Hot Bridge Loan Financing – Available Now!

July 20, 2023

Alt A Private Money Program 2 With Our Fast &Amp; Flexible Bridge Financing Program, Real Estate Activity Can Be Increased And Benefit Many Homebuyers!  See Below For A Few Of The Hot Benefits:HOT SUMMER BRIDGE LOANS!

With our fast & flexible Bridge financing program, real estate activity can be increased and benefit many homebuyers!  See below for a few of the hot benefits:

  • Remove the stress of having to get into contract on a new home before one sells your current house.
  • Purchase offers can be extra strong as private money is the next best thing to an all-cash offer.
  • Buyers can close fast as we can fund fast (7 days or less to close)!

Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com back with any questions or scenarios – we’ll quickly get back to you with what we can do to help.

Sonoma County Real Estate Trends – End of 2nd Quarter 2023

July 18, 2023

Surprisingly Enough, Median Home Sales Prices Have Been Climbing - Especially Over The Past Couple Months Of Quarter 2. They Are Presently Only A Little Below The Peak Prices Hit In The Spring Of 2022.

Surprisingly enough, median home sales prices have been climbing – especially over the past couple months of Quarter 2. They are presently only a little below the peak prices hit in the spring of 2022.

The number of new listings remains the lowest in 20 years, a victim of the “mortgage lock-in” effect. With many homeowners enjoying rates below 3%, they are not looking to sell their homes only to buy property with double the mortgage rate.

The average number of days a property stays on the market is the lowest we have seen in 20 years – a phenomenon expected with so few homes available on the market.

With so few homes available, homes have continued to sell above asking. With the lowest inventory available in years, finding a home has become  incredibly difficult for buyers.

The 3-month rolling average for a single-family residence in Sonoma County is $840,000. This number reflects the smallest year-over-year decline in the Bay Area.

From all the information we are getting from the experts, don’t expect the mortgage rates to decrease any time soon. In fact, most of the experts are forecasting a steady increase in the rates. For those buyers who are “waiting out” this rate tsunami, you might want to jump in before it gets even worse.

If you have tried and failed to obtain a mortgage for any reason, or need a faster home loan to beat out the other multiple offers, or don’t want to sell your current house prior to buying a new home, consider alternative financing with a privately funded loan. At Sun Pacific Mortgage we offer several programs to borrowers who need to purchase, refinance, or need bridge loans.  Give us a call at 707-523-2099 or find us at www.sunpacmortgage.com.

Wave Breaking Speed – Big Loan of the Week

July 13, 2023

Image5 We’ve Got Those Fast Private Money Programs That Can Get Your Home Purchase Or Refiance Funded Just In Time For Summer!  See Below For Our Loan Of The Week:

We’ve got those FAST Private Money Programs that can get your home purchase or refiance funded just in time for Summer!  See below for our Loan of the Week:

Loan of the Week

Broker reached out about a Homebuyer who needed a fast $799,000 loan to complete a purchase with close of Escrow in just 2 weeks.  Buyer had credit over 750, made great monthly income, had a good down payment but wanted to buy in an LLC so was being turned down by Underwriting.

We had no issue with this and we’re able to “make waves” with our unique private money program, getting this loan financed in just 8 days!

Visit our website or just call 707-523-2099 and we’ll let you know how we can work together to get the fast financing you need.

Home Prices in the San Francisco Have Begun to Rise Again

July 11, 2023

Shutterstock 1401527726.0 Jpg Housing And Financial Markets Have Always Run In Cycles, Both Economic And Psychological, But Ever Since The Days Of The Gold Rush The Bay Area Has Always Rebounded.Housing and financial markets have always run in cycles, both economic and psychological, but ever since the days of the Gold Rush the Bay Area has always rebounded.

Patrick Carlisle, chief market analyst at real estate firm Compass, stated that the Bay Area has seen four major booms over the last four decades each marked by a period of “irrational exuberance”, or skyrocketing prices with seemingly no end in sight, and then followed by a market correction.

April, May, and June are typically the busy season for real estate.  True to form, agents and economists have seen a slight uptick in the past couple of months as we recover from the slump over the last year that followed the huge boom in home prices during the pandemic.

There has been a definite uptick in buyer activity, open houses and offers. Savvy buyers are looking to lock in a lower price point for their home now since they can always refinance their mortgage rates later, a smart strategy of experienced buyers.

Some Bay Area counties are rebounding faster than others. Solano, Marin, Sonoma, and Napa counties each saw an increase in home values over the last month, while Santa Clara, San Francisco, San Mateo, Alameda, and Contra Costa saw a slight decline.

San Francisco has seen a larger decline than the surrounding counties due to the work-from-home trend of the pandemic. Downtown San Francico is the weakest market within the city, but it provides an opportunity to those who believe that it will ultimately rebound.

So, real estate remains a smart investment for homeowners and investors alike.  If you are looking to refinance or purchase and need faster financing or cannot qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099, or reach out via our website.

The Sacramento Housing Market

July 6, 2023

Sacramentohousingmarket The Sacramento Housing Market Is Still Very Competitive. Homes In Sacramento Can Receive 4 Offers On Average And Sell In Around 10 Days. The Median Sale Price Of A Home In The Area Was $490,000 Last Month, Down 7.5% Since Last Year.The Sacramento housing market is still very competitive. Homes in Sacramento can receive 4 offers on average and sell in around 10 days. The median sale price of a home in the area was $490,000 last month, down 7.5% since last year.

Many homes are still getting multiple offers, some with waived contingencies. The average home sells for about 1% above list price while hot homes can sell for about 5% above list price and go pending in around 6 days.

The Sacramento housing market has been a topic of great interest for homeowners, real estate agents, and investors alike. As with most of California, Sacramento is currently a seller’s market. The market forecast indicates a projected increase of 0.8% in home values over the next year, suggesting a positive trend soon. The side benefit of the relatively affordable Sacramento real estate market and increasing demand is that any real estate investment there will see significant appreciation.

One of the reasons the Sacramento market is much healthier than other areas is due to its true income mix. It offers real estate investment investors more options than luxury homes and densely packed affordable units, the only types of housing you see built in San Francisco.

If you are interested in purchasing or refinancing a property in Sacramento, or anywhere in California or Hawaii for that matter, but do not qualify for a conventional loan or just need some fast & flexible financing, consider a private mortgage with Sun Pacific Mortgage. Over the past 35 years we have helped over 10,000 borrowers get financing when everyone else turned them down. You can reach us at 707-523-2099 or find us at www.sunpacificmortgage.com.

We Can Help –  Despite Being Turned Down Elsewhere!

June 29, 2023

Trsued For Over 3 Decades, Hand Shaking

If you or someone you know is trying to refinance or buy a house and needs this done fast or is having difficulty elsewhere, we can help.

At our family owned and operated company, we have helped well over 10,000 Borrowers/Buyers with our FAST Private Money Programs – just like we did below:

Loan of the Week

A Buyer and her Broker from Santa Clara County reached out to us, desperate to save a home purchase. The Buyer was in Escrow but had just been turned down by Underwriting, due to some last-minute credit issue.  A loan of 1 million was needed immediately and with the Borrower’s big down payment and lower LTV, we quickly got this loan approved and funded in just 11 days!

If you find yourself in need of fast financing or just having difficulty elsewhere getting a mortgage, give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  With 35 years in business, we’ll quickly let you know what we can do to help!

 

S.F. Peninsula Real Estate Report for May 2023

June 27, 2023

San Francisco Peninsula Housing Market

The housing market continues to surprise even the most knowledgeable experts. What was supposed to be a collapse of the market has turned out to be a thriving one, at least on the San Francisco Peninsula.

Looking at the data from last month, the sales price continues to outpace the list price and the average days a property stays on the market is unbelievably low.  Here’s a look at the average sales price and the average days the property stayed on the market:

Menlo Park: $3,598,962 3% above list 12 DOM

San Carlos: $2,463,000 5% above list 12 DOM

Foster City: $2,408,637 5% above list 11 DOM

San Mateo: $2,172,245 7% above list 10 DOM

Belmont: $2,299,655 3% above list 19 DOM

Burlingame: $2,994,550 1% above list 12 DOM

It appears that the housing market is still doing well in these cities by the bay!

If you are considering buying or refinancing your property on the Peninsula or anywhere else in California or Hawaii, give Sun Pacific Mortgage a call at 707-523-2099. We have been offering fast, private loans for 35+ years and have many happy clients and investors – and we’d be happy to help you too!

Has It Really Been Over 3 Decades?

June 22, 2023

Bridge Private Money Program 1 Copy Trusted Lender For 35 YearsTrusted Lender For 35 years

Is your mortgage loan being turned down by other Lenders? Or just in need of a fast, short term home loan?

This is where we can help you or someone you know, with our fast, flexible alternative finance programs – also known as Private Money – just like we did below:

Recently Funded

Program: Primary Residence Refinance
Loan Size: 990k
Location: Contra Costa County
Why Came To Us: Borrower had poor credit and wanted to consolidate debt on high rate credit cards.

Program: Investment Property Refinance
Loan Size: 705k
Location:  Monterey County
Why Came To Us: Property condition poor and wanted the cash out to do a major rehab on this investment property.

Program: Owner-Occupied Bridge Purchase
Loan Size: 686k
Location: Sonoma County
Why Came To Us: Wanted to buy a new home prior to selling current house and debt to income ratios were inhibiting conventional lenders from helping.

Being in business for 35 years has allowed us to pretty much see it all! Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios and we’ll get back to you quickly with what we can do to help.

Turned Down Elsewhere? We Can Help Get Fast Loan Approval!

June 15, 2023

Image5 Current Market Conditions And Stricter Qualifications Causing Loans To Be Turned Down By Other Underwriters Or Lenders?  Get Fast Approvals And Fast Fundings With Us Despite Being Turned Down Elsewhere!

Current market conditions and stricter qualifications causing loans to be turned down by other Underwriters or Lenders?  Get fast approvals and fast fundings with us despite being turned down elsewhere!

Call us today at 707-523-2099 or visit our website at www.sunpacificmortgage.com with questions or scenarios and we’ll let you know how we can help – just like we were able to do in the below examples:

 

Recently Turned Down Loans From Others – Approved & Funded By Us

Location:  Santa Cruz County
Finance Program:  Bridge Purchase
Loan Size:  865k
Days to Close:  9
Why Needed Us:  Came to us after being turned away by conventional lender on the 19th day of a 30 day Escrow, because had bought a business vehicle which affected their debt to income ratios just enough to get them unqualified.

Location:  Sacramento County
Finance Program:  Investment Property Refinance
Loan Size:  762k
Days to Close: 14
Why Needed Us:  Needed cash to make necessary repairs before listing property for sale to get a higher return.

Location: Los Angeles, Los Angeles County
Finance Program:  Primary Residence Business Purpose Refinance
Loan Size:  677k
Days to Close:  16
Why Needed Us:  Needed capital to handle high credit business debts and  repair credit.

We Offer FAST Financing; We Finance Owner Occupied & Investment Properties. We Can Finance Despite Credit Issues, Property Condition & Difficult To Prove Income;

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