Resort Living All Year Round in HB

Posted on March 3, 2016. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

Affordable Huntington Beach, CA Condo

IMG_1063Looking for your first place or a beach close investment property?  Look no further – 5096 Tortuga #104 is prefect for a college student, first time buyer, bachelor / bachelorette, snowbird, or even investor since there’s great rental potential! Located just over a mile from the beach, the possibilities of sun & fun are endless.

 

Cabo del Mar Community condos

IMG_1048With a long list of amenities that include a clubhouse, pool, spa, sauna, tennis courts, racquetball courts, gated parking, and a large greenbelt area that over looks the wetlands, Cabo del Mar lets you indulge. Plus being situated near shopping, restaurants, and dog beach offers such a convenient lifestyle. If you like nature, you’re just moments to the Bolsa Chica wetlands and the sand of Huntington’s world famous beaches. It’s easy to see why people flock to Huntington Beach!

Cabo Del Mar has parking galore, with underground subterranean parking spots for residents and street level parking for guests, you’ll always be sure to have close parking to your condo. Unlike most studios, 104 has an extra level of privacy / separation thanks to the plantation style shutters, ceiling added soundproofing, and quiet location in the complex. On cool beach nights sit IMG_1045in front of the cozy gas fireplace to warm up and relax.

5096 Tortuga is a must see, a solid investment priced at just $284,999 this unit won’t last long! To schedule a private viewing call us, The AskAngie Team at 949-338-7408, fill out the form below, or email us at Angie@AskAngie.com.

 

 

 

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Charming Homes in Palm Beach Park, San Clemente

Posted on February 26, 2016. Filed under: OC Property Profiles, Orange County Real Estate, Senior Communities | Tags: , , , , , , , , |

55+ Oasis with Private Beach

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Palm Beach Park Private Beach

Droves of seniors are settling in the seaside community of Palm Beach Park in San Clemente, CA – a manufactured home development with it’s own tranquil beach oasis. This quiet retirement community is the perfect place to slow down, unwind, and just be one with the sunsets and ocean. Residents are just across the street from an exclusive private beach that is almost 2 acres, and the best part is they don’t have to pay 2 million dollars to get whitewater views and a walk to the sand.

There are currently 10+ models to choose from, varying in size and price from 100-500K. Truly, there is a home for every senior in this San Clemente treasure. Some coaches are fully upgraded, and others you can add your own personal touches to make it your own beach oasis!

Unparalleled Senior Living

Palm Beach View 1

View of the Clubhouse and pool

Luxurious amenities at the clubhouse include a full kitchen and bar, a library, and a game room with shuffle board. Also offered is RV parking, a car wash on site, and the salt water pool that is heated all year round. On the privately owned beach you can enjoy the volleyball court, picnic tables, BBQ area, and the bonfire pits! Palm Beach Park is true retirement living with wonderful neighbors, amazing whitewater ocean views, and breathtaking sunsets!

“Walking down to the private beach and the different social events at the clubhouse are some of my favorite memories here at the park” JoAnn Cota, a homeowner, recently told us. “We love coming down from Buellton to visit the beach.” Another resident, Tom Mallett, states “The shimmering sunsets over Catalina Island are a true delight”.

The AskAngie Team has two listings, 407 and 401 Ebb Tide Drive currently available for showings. Another listing on Bay will be hitting the market soon.

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Sparkling Ocean View from 407 Ebb Tide

Stop by and check out what Palm Beach Park has to offer on Sunday, March 6th from 12-3PM. Multiple homes will have open houses – you can tour many homes in one day and find the right fit for you!

Please join us on Sunday, March 6 from 12-3PM if you have any questions or would like a personal tour feel free to call us on our toll free number at 877-230-3211 or email us at Angie@AskAngie.com.We look forward to seeing you by the ocean!!

Photo credit: Antis Orange County Photography

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Experienced Developer Seeking Investors for Immediate Opportunity

Posted on October 9, 2015. Filed under: Informed Investor Alliance, Orange County Real Estate, Senior Communities | Tags: , , , , , |

Investment Property Opportunities in CA

Orlando Lutheran Towers, located in Orlando FL is just one of many projects completed by this developer.

Attention Investors:

We’re working with an experienced developer of over 30 years on multiple projects. He’s originally from the east coast, and is expanding his successful ideas west. He’s seeking investors here, and asked us to reach out to our sphere! You can meet him in person to ask questions & find our more details on Oct 20th, 2015, 1-2pm at our office in Corona del Mar.

If you’d like to partner on investment property, read on for specifics.. maybe this equity partner opportunity is for you.

Each Project will require approximately $500,000 investor funds to launch. Don’t worry, you don’t have to plunk ALL that down, a group of 10 investors paying $50K each is also fine.

Preliminary Equity Partner Participation:

  • Separate LLC’s will be formed to procure entitlements;
  • This entitlement process will be undertaken by our developer who has completed over 20 similar projects. Expected turnaround is 3 – 9 months depending on local circumstances and planning requirements. Note: We have independent specialist contractors lined up to perform these services and obtain final approvals.
  • Equity Partners will receive an Annual Return of 18 % secured by a promissory note.
  • Equity Partners will be repaid in full at construction loan take-down
  • Final Project Equity Entitlements (Equity Kicker) will be 5%

Development Details:

  1. Types of Projects which we are developing are:
    • senior independent living
    • senior assisted living
    • memory care and congregate housing; each project managed by experienced successful licensed care provider to run the operations. See Items 8-10.
  2. Locations: Central to Southern California; we have pre-selected two locations: San Clemente and Mission Hills (Palm Dessert); with a potential #3 is in Santa Barbara.
  3. Project size:  150- 300 revenue Units
  4. Costs to build and furnish (excluding land) 25-30  million;
    When turn-keyed and 70% occupied value multiplier is estimated to be 1.2 : For example: when our project million completed and occupied  at 30,000,000 = 30m X 1.2 yields project value of $ 36 m to be purchased by REIT/ or other cash buyers within 1 year or less. (Some projects may be held longer if investors choose)
  5. Three Money Sources will underwrite these loan guarantee programs after equity partnerships are formed.
  6. Project’s ROI: 20- 25 % annually
  7. All projects are Green (electricity, materials, smart utilities)  and create up to 30% Investment tax credits and sheltered ongoing income which a portion will be available to the equity investors.
  8. Each project’s care operations will be contracted to a premier California Licensed Care Provider  (LCP)
  9. Our private company, Banyan Care Group Inc (as the 20% GP with our 80% Limited Partners) will develop & provide the AAA facility for the LCP to run.
  10. The LCP contractually will provide resident management & services, controlled operating costs, and guaranteed revenues.
Invest in assisted living communities CA

St Marks Village, an assisted living community in Florida was also a project of this developer.

Want to RSVP for our investor information session on Tues, Oct 20th at 1pm? Call or text Angie Weeks at (949) 338-7408 to secure your spot, or fill out the form below:

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Not on the MLS San Clemente

Posted on March 21, 2014. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , , , , |

Beautiful Homes in San Clemente

San Clemente, a gorgeous town located in southern Orange County, alIMG_6285ongside the Pacific Coast Highway (PCH). In San Clemente there is plenty to do. The most popular and most known is the fabulous surfing spot San Onofre beach. The pier is another hot spot where the locals come to watch dolphins and surfers swimming in the ocean.  In this town there are many  gourmet restaurants, plenty of shopping, movie theaters, walking trails and more. If you want to go for mini vacation just hop on the local train.

Palm Beach Park

But maybe if you are looking for an elder (55+) family member to move to somewhere peaceful and quiet to settle, take a look at Palm Beach Park community. This is a senior community filled with spacious mobile homes. For example each one comes with 2 bedrooms, 2 bathrooms and covered attached carport. Plus, there is beach access near by. The community also hosts weekly and monthly  basis through the association off-site and in the clubhouse.  This is the California dream retirement spot. This is by appointment only, so if this sparked your interest, contact me (949-338-7408) or tweet me @AskAngie.

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California Real Estate under attack – YOU can help!

Posted on June 28, 2012. Filed under: First Time Buyer help | Tags: , , |

ImageHi everyone,

I received a disturbing email today that could, in the words of one of our OCAR board members Wally Malesh, ‘be the most detrimential decision for California real estate in the last 30 years’.  For the sake of your home and those of your family, I encourage you to take action according to the instructions here.  Both Realtors and homeowners need to speak up and let the truth be known!  So I don’t get any of the info wrong, I’m simply going to copy / paste the email from California Association of Realtors:

C.A.R. is issuing a Red Alert to ALL Key Contacts in our efforts to OPPOSE the so-called “Homeowner Bill of Rights.”

This bill was approved this morning in a Conference Committee and could be voted on by BOTH houses of the Legislature as soon as Monday, July 2nd. Please get back to me ASAP with any feedback you get from your legislators. For your convenience, I’ve included links to our Key Contact rosters with phone numbers:

Assembly Key Contact Roster: http://www.car.org/media/pdf/202513/2012KeyContactAssemblyUpdate04-05-2012.pdf

Senate Key Contact Roster: http://www.car.org/media/pdf/202513/2012KeyContactSenateUpdate04-04-2012.pdf

Please note, here are the votes of the conference committee members:

Yes: Evans, Eng, Ron Calderon, and Feuer.
No: Blakeslee and Wagoner.

C.A.R. Opposing Conference Report that STALLS Housing Recovery

Call Your Legislators TODAY!

C.A.R. is OPPOSING a conference report, AB 278, containing anti-foreclosure legislation sponsored by the state Attorney General. C.A.R. opposes provisions in this measure which will allow anyone to stop the foreclosure process by filing a lawsuit, merited or not, C.A.R. agrees that careful and balanced reforms to the foreclosure process are necessary. However, C.A.R. opposes this conference report because it will further delay the housing recovery by inviting bad-faith lawsuits and defaults, and making it difficult for even well qualified borrowers to obtain financing. Financing is already very difficult to get. This conference report will only make a difficult situation worse.

Initially the Attorney General had sponsored a package of bills; the so-called the “Homeowners Bill of Rights.” For procedural reasons, the majority of these bills have been under consideration by a Conference Committee made up of six legislators. REALTORS® had the opportunity to educate these legislators about C.A.R.’s concerns as part of Legislative Day and since then C.A.R. lobbyists have been working directly with the conferees and legislative staff to make them aware of the unintended consequences of some of these proposals. The Conference Committee has now issued its final report and it must be passed by both Houses of the legislature. These votes may occur as early as Monday, July 2nd.

Action Items

Please contact your local legislators – both Republican and Democrat.

Please ask them to vote NO on the conference report (remember that it CANNOT be amended).

Background

The Attorney General has sponsored a package of bills to place into California law an expanded version of the national settlement between major banks and state attorneys general. The contents of some of these bills have been under consideration by a Conference Committee comprised of six members who have just approved a conference report on a party-line vote. Some provisions will have the unintended effect of drying up mortgage loans for anyone but the most well-qualified borrowers, and increasing the costs of all mortgages.

One provision allows any borrower, no matter what the circumstances, to file a lawsuit. This will encourage opportunistic lawyers to pursue frivolous lawsuits, bringing unnecessary and unjustifiable delays to an already difficult and time consuming process.The language is so vaguely written that the borrower doesn’t even have to show that they have been harmed to file suit and be awarded damages., One-sided  attorneys fees may still be awarded only to plaintiffs based on the very broad definition of a “prevailing party” in the report. And, of course, if lenders don’t have the remedy of foreclosure to ensure they can recover their security in appropriate situations, they will be less likely to lend, credit will be less available and the housing market recovery will limp along even more slowly.

C.A.R. is OPPOSED to the conference report because:

  • The housing market recovery is still fragile. About half of all sales are of distressed properties. By restricting a lender’s ability to foreclose and exposing them to unnecessary liability, this report will dry up inventory, and it will further discourage lending other than to the most highly qualified borrowers. Additionally, these bills will artificially slow down the foreclosure process, keeping properties off the market that are legitimately in foreclosure. Finally, by removing the threat of foreclosure, the bill erodes the incentive for short sales as well.
  • The bill invites bad-faith defaults and lawsuits. By broadly defining under what circumstances a lawsuit can be filed, even those legitimately in foreclosure can “game” the system. Additionally, the bill creates an incentive for plaintiffs’ attorneys to file frivolous lawsuits even if no harm has been done to the borrower. The courts are already overwhelmed. This bill, by inviting frivolous lawsuits puts an additional strain on the already underfunded courts
  • Lending is already tight. Even the most well-qualified borrowers are finding it difficult to obtain financing. By stopping legitimate foreclosures, banks will be forced to further tighten lending standards at the expense of homebuyers.

I hope that you’ll take a moment to fight for our California real estate market and its health.  Feel free to comment below or tweet @angieweeks on how your calls to the legislators go.  Thanks for your time and support!

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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