That is what AskAngie team is here to explain! CIPS stands for Certified International Property Specialist, which means that we are designees that have been trained and certified on how to help you with your international real estate needs. We are well informed on how different cultures interpret people and real estate. CIPS designees are prepared to work with international clients, international funds, as well as American clients who choose to buy internationally. We are relied on because of our expertise in international real estate.
Why do we need Certified International Property Specialists?
Global business and international real estate have expanded a lot so these designees are need more now than ever before! Recently, foreign buyers have spent a lot more money in real estate – to the tune of over 1 BILLION per year. Earning the CIPS title makes agents more creditable and resourceful. CIPS have access to a wide network of professionals that can help you with your property needs around the world. Through research we are able to protect you from losing property or buying in a country where you don’t actually ‘own’ your home. We make sure you are buying legitimate properties wherever you may be looking! People are moving from foreign countries to the US every single day and many Americans look into property overseas as well. Because of the work Certified International Property Specialists do, these home owners are able to have a smooth and reliable transition into their new space (or out of their old)!
Watch this video on why we think CIPS is an important designation!
We recommend if you’re thinking about buying out of the country, call us at 877-230-3211 or text Angie at 949-338-7408 to take advantage of the CIPS education and put it to work for your real estate needs! 🙂
Opportunity knocks, and it’s twice as nice for this LA duplex! Located close to parks, freeways, & fun, this classic fixer has so much potential.
Not yet on MLS: 3710 McKenzie Avenue, Los Angeles
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Centrally located in El Sereno on a quiet tree lined street between downtown LA & downtown Pasadena, with nearby access to 110, 5, and 10 freeways. You can stroll to Rose Hill Park & recreation center from this property, plus it’s very close to Ernest Debs Regional Park. This duplex has excellent potential and rarely comes to market – act quick!
The front unit, built in 1956, is a generous 1178 sq ft. There are 3 bedrooms, 1 bathroom, plus a bonus room (about 300 s.f.). Also included is a 1 car detached garage & driveway parking spaces.
The back unit, built in 1922, is approximately 636 sq ft. The quaint, completely separate home offers 2 bedrooms, 1 bathroom, plus driveway and street parking, it adds additional charm and income to the property.
Both units do have heating, but they are admittedly in need of TLC.
Priced at just $449,000 with a lot size of 7537, this duplex zoned LARD 3 leaves room for so much more! Just check out the zoning regulations and you’ll see lots of options to maximize this great property investment in LA.
Currently this property is owner occupied, and in a rent control area. The owners are looking for a short escrow and are offering tours by appointment. To discover if this is your next investment, simply call or text Angie at 949-338-7408 or fill out your info below:
Ever wonder how people really come up in real estate? It doesn’t require a huge amount of capital, brains, or hard work. The process is surprisingly simple, and we’ll teach you the jist in just half an hour.
The best thing about becoming a millionaire homeowner is that anyone can do it.
Learn How at Homeownership Day Jan 14th, 2017
We’ll teach you the simple process based off David Bach’s “Automatic Millionaire Homeowner” book in an easy, 1/2 hour session at Chapman University from 12:15 – 12:45pm.
This is a class for normal people who would like to do extraordinary things in real estate while maintaining their existing lifestyle, career, and family.
The Automatic Millionaire Homeowner is not a get-rich-quick scheme; everything is done on your individual timeline, and without a membership in some expensive group or school. The only money you spend will be on real estate itself. Simple concepts that once applied, will bring you huge returns regardless of where you own property. And the younger you have this knowledge and you start…the better.
Register below for this free event – space is limited!
More about Homeownership Day / OC Home Fair
This yearly event is a collaborative between Chapman University, Orange County Young Professionals Network, OC Register, and non-profits VAREP and NeighborWorks OC designed to bring you honest real estate information with no pressure or gimmicks.
There will be 4 different sessions, each with 5 classes to choose from. Attendees enjoy a ‘choose your own adventure’ style and pick the classes that interest them most. Instructors are all active experts in the industry volunteering their time to benefit our community. Visit www.OCHomeFair.com for the full class list and session times.
Where: Chapman University’s Beckman Hall 1 University Dr, Orange, CA 92866 When: January 14th, 2017 from 10am – 1pm Cost: free
What is an AITD? An All Inclusive Trust Deed is basically when the buyer takes over the seller’s existing loan. And NO, it doesn’t have to be an ‘assumable loan’ … The current lender is actually not even notified!
Who Are Good Candidates for AITDs?
As a buyer, you could use AITD as an avenue if you cannot qualify for a traditional loan. If you’re a seller, it’s an option if you don’t want to short sale, or if you have a fabulous loan that you would like to transfer to a family member. Another time an AITD could save the day is if you are a seller and your HOA is in litigation, or there is some type of situation causing purchase loans in your community to get denied.
How do AITD Transactions Work?
With an AITD, most aspects are the same as a normal Orange County real estate transaction. Instead of a traditional lender involved, the escrow company draws up the paperwork and usually collects the payments as ‘the manager’, which they then send over to the existing lender on buyer & seller’s behalf.
AITD allows you to make your own qualification rules, which is pretty neat! You don’t necessarily have to worry about credit history, scores, or capital gains taxes (if it’s not your primary residence) should you go this route.
If you’re thinking of doing an AITD, make sure to record the grant deed as well. It’s better for everyone. Especially if you are the buyer, because then you can technically write off the mortgage interest.
A great company to use for this process locally in OC is Mission Country Escrow. Katie the owner spoke to us about it today, and they have been doing AITD’s in Orange County for 30 years. If you’re thinking of doing one, definitely reach out to them.
Questions To Ask When Doing an AITD
Loan amount: is it a ‘mirror image’ of the seller’s current loan, or if not, what interest rate will be charged?
Down payment: is the buyer putting funds down, and if so, how much?
Length: what is the length of the AITD and are there any extension options?
HOA: does the property have a Homeowner’s Association?
Commissions & closing costs: is the typical ‘each to pay own’ presiding, or who is paying?
Loans: how many does the seller currently have, and are they all current?
All Inclusive Trust Deed Risks
Of course, there are plenty of risks too. Technically, the lender could call the loan due & payable because the owner transferred. However, the chances of that happening (unless there’s a late payment) are very slim.
Furthermore, we had Steve Fink, real estate attorney discuss advantages & disadvantages of AITD. Honestly, there are a ton of risks involved, and these AITD transactions should be done only in very special cases and with extreme caution. Always use a professional, and get your facts!
If you’d like a personal introduction or have questions about AITD’s, just call Angie at 949-338-7408, tweet @AngieWeeks, or fill out the form below – we’ll be sure to connect you with trusted professionals to protect your interest!
More about Homeownership Day / OC Home Fair
What is an AITD? An All Inclusive Trust Deed is basically when the buyer takes over the seller’s existing loan. And NO, it doesn’t have to be an ‘assumable loan’ … The current lender is actually not even notified!
