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What’s Good Cash On Cash Return In 2021 For Your Commercial InvestmenT page 13

real estate for sale! JUNE 28 | 2021

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FOUNDER AND EDITORIAL DIRECTOR Eric Lawrence Frazier, MBA Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 eric.frazier@thepowerisnow.com www.thepowerisnow.com www.blogtalkradiocom/thepowerisnow

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Promote Your Listings Online Call me for more information Eric Lawrence Frazier MBA (714) 361-2105 eric.frazier@fbol.com www.thepowerisnow.com

Your voice is your brand! Increase lead generation, and give you the POWER to close more deals!

Select a VIP Agen Adrian Bates Los Angeles

Adriana Montes Florida

Ameer Elahee Fontana

Cornelius Jackson Irvine

Danon Burnside San Bernardino

Denise Matthis San Diego

Joe L. Fisher Richmond

Johnnie Morine Texas

Julius Cartwright Ohio

Monica Hill Menifee

Norman Green San Francisco

Jenny Gonzalez Corona

Kamesha Keesee Corona

Kenneth Session Bay Area

Briana Frazier Los Angeles

Emerick A. Peace Maryland

nt In your area Peggie Simmons Arizona

Robert Langston Fairfield

Ruby Frazier Riverside

Steve Peterson Oakland

Success Money LA Area

Yvonne McFadden Arizona

Sharon Bartlett Texas

By Ameer Elahee

12 best places to buy property in Rancho Cucamonga

ooking to buy an apartment in Rancho Cucamonga, California? You should probably check out these 12 best places to make your purchase.

12. The Rancho Cucamonga Town center Located in the heart of the city itself, the Town Center boasts of some of the best houses around, hosting a high percentage of the city’s over 170,000 people. 11. Rancho Cucamonga city Just like every other city, this is where you’d find the commercial hub of Rancho Cucamonga and mingle with the business elites of the Californian city.

9. Sierra Vista With lots of family homes built with love and care in mind, 8

The Power Is Now Magazine | JUNE 2021

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10. Victoria Gardens The Victoria Gardens store opens daily and closes at 7 pm for those who like to do their shopping without much stress involved. Very close to Los Angeles, the lifestyle center is quite open-air and accommodating.

you’re sure to get the best kind of homes for your family around Sierra Vista. Sierra Vista seems to be a perfect location for families looking to improve their relationships. 8. The Glen Ivy Hot Springs Glen Ivy possesses all the fun spots for active and youthful people looking for fun and adventure. With spas, pools, parks, and more scattered all over the area, you never miss out on the fun side of life. The parks are especially great for children as they get to experience the best time of their lives while making new friends around the neighborhood. 7. The Lake Arrowhead Village area When you think of resorts and mountain homes, Lake Arrowhead is the best place to be. Its amazing mountains give you a view of the world from a different angle.

Etiwanda houses some of the wealthiest families of Rancho Cucamonga. So, you know what to look for when trying to get a home with taste and class.

Town are amazing places in Rancho Cucamonga that anyone can choose to live in. Peaceful, awesome, and amazingly crafted for homes with the best kinds of styles.

4. Rancho Cucamonga Hills, aka the “Riviera” of Rancho Cucamonga The hillsides of Rancho Cucamonga are best for holidays for anyone looking for fun. The Red Hill Park, a tourist attraction center, brings in hundreds of faces each year so you can always make a new friend. You can also take the family on picnics, so there’s that chance to create amazing family photos for the album.

2&1. Highland Homes Highland homes make the top of the list for their vintage-style buildings and architectures. They are expressly built for those who love to live the good life.

3. Devore Homes and Ghost Town in Devore Debora Heights and Ghost

You can also watch the series on Facebook Live or our YouTube channel. Tune in today! REFERENCES https://www.neighborhoods.com/ vintage-highlands-rancho-cucamonga-ca https://www.zillow.com/devore-sanbernardino-ca/ https://en.m.wikipedia.org/wiki/Rancho_ Cucamonga,_California

6. The San Antonio Heights area The census area of Rancho Cucamonga, San Antonio, houses some of the best homes with modern facilities available for use. The area has houses listed for their convenience and amazing architectural designs. 5. The Etiwanda Area Formerly a group of unincorporated communities, www.tHEPOWERISNOW.com

111 4 S Mcauliff St V is alia, CA, 9 3 2 9 2 T u lare County

Single Family Home FOR SALE LIST PRICE

$339,900

Property Information:

Come see this lovely single-family 1,438 Sq ft., home. The home offers three bedrooms, two baths and two car garage. The stunning corner lot property consists of new interior and exterior paint, new laminated wood floors, new carpet.

Property Information:

3 BEDROOMS

CALL FOR DETAILS

AMEER ELAHEE

DRE#01313504 m: 626-625-0099

2 BATHROOMS 2 CARS GARAGE

ameer@ameerelaheehomes.com www.ameerelaheehomes.com

What’s Good

Cash On Cash Return

In 2021 For Your Commercial InvestmenT

By Steve Peterson

This method is mainly used by commercial real estate investors and assesses the cash flow of the investor’s assets. Cash on cash return is an essential calculation of ROI (return of investment) that is not difficult to understand. Also, potential investors need to be up to date on the kind of return they expect to receive on an Investment. www.tHEPOWERISNOW.com

Calculating Cash on Cash Return A popular method of calculating Cash on cash return is the return on investment formula that was designed for cash on cash returns. Cash on cash return formula:

In calculating cash on cash return, the investor must calculate their NOI, or net operating income, which is also referred to as the annual pre-tax cash flow. This is the profit earned from leasing out a regular apartment after subtracting the total money spent on the rental property. During this, estimating is important because sometimes, exact figures cannot be known. The investors should not be careless and over-estimate as that could be a problem reflecting on the true figures. After that, the investor would have to divide their net operating income (NOI) by the total amount of money that was invested into l

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Definition of Cash on Cash Return: Before discussing the cash on cash return, we need to know what exactly the term is; Cash on Cash Return (CoC return) is known as the rate used to calculate the complete return of cash made from a real estate investment. In other words, it is a metric that calculates an investor’s gain or profits earned in a year on a particular property relating to the total mortgage that was paid off in the same year.

We help you achieve the American dream of homeownership!

that property. This amount includes but is not limited to the repairs made on the apartment, the down payment made, and the closing costs. The cash on cash return is the final amount displayed after these steps were followed through religiously and with care. Several investors have complained about the stress that comes with calculating their cash on cash returns manually. If you are one of them, another option was created – the cash on cash return calculator was designed for this purpose.

Online Homebuyer Seminar SATURDAY, JUNE 26 10:00 AM PST

Using the calculator is the quickest and most convenient method as it would ensure accurate values unlike the former that can be affected by human error. It also ensures that the investor receives the best return on any property invested in. What’s Good Cash On Cash Return In 2021 For Your Commercial Investment Properties? There are various factors to take into consideration when calculating the cash on cash return. Long Term leasing and short term both differ in values and figures even on the same market and property. A good cash return on investment in 2021 will be anything above 3% on long-term leasing. Normally, it ranges from 1.59%-8.17%, it all depends on the location of the property which is also a factor affecting returns. 3% is a good return because of these factors.

Host:

FRAZIER GROUP REALTY

Speakers:

Short-term leasing like Airbnb is quite different. The usual rates fall between 1.59%-8.17%, depending on location as well. Good cash on cash return would be above 4%. Now that everything has been simplified, investors should learn these factors and calculations before investing in any property.

Eric frazier mba

You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

CAROLYN SUNSERI

LISTED FOR $1.999.000

11200 Golf Links Rd, Oakland, Ca PROPERTY INFORMATION

Chabot Business Center is a 11,200 square foot Office Complex situated on a 1.03 Acre Lot locatedin the Oakland Hills neighborhood of Grass Valley. The neighbor is primary residential and is located deep into the Oakland Hills and is a High-End Neighborhood. There are 7 different office spaces which are all occupied. Property Highlights: • Building Area: 11,200 SqFt. • Lot Area: 44,847 SqFt. • Cap Rate: 5.0% • Property Class: Office Building • Premium Oakland Hills Location

Call Steve Peterson Realtor DRE#01746140

mobile: (510) 675-7755 e-mail: peterson.infinity@gmail.com

Arlington Metro May Housing Report 2021 By Johnnie Morine

Arlington County has fewer than 50 regional historic districts. Thirteen of them are singlefamily homes, and only ten are privately owned. One of the privately-owned historic houses recently went on the market for the first time in 25 years. The Eastman-Fenwick House is a Queen Anne-style Victorian frame house designed and built for Albert Prescott Eastman in 1876. Sally Prescott, his grandmother, left him the property. The house was called

www.tHEPOWERISNOW.com

Everbloom by the Eastman family and was enrolled with the Virginia Historic Landmarks Commission in 1980. How Real Estate Market is for Buyers in Arlington Despite all of the great news about increasing real estate prices, a family earning the Greater Phoenix median income of $79,000 could only afford 62.8 percent of what was sold in the first quarter of 2021. The National Association of Home Builders reported that a family can afford to spend about 28 percent of its gross income on housing. That implies that 62.8 percent of homes sold cost their new owners $1,843 or less a month, supposing a 10% down payment covering principal, taxes, interest, and insurance.

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rlington real estate, like all real estate, is subject to the rule of supply and demand. The months of inventory is used to calculate demand. It takes about 2.5 months of inventory in Arlington for the market to be neutral.

According to HUD, $79,000 reflects a 26% rise in the local median annual income in the last five years, up from $62,500 in 2016. Although this is comforting, it does not alleviate the frustrations of searching for homes in this market. Last month, 56 percent of all deals closed above the asking price, with half of them going $15,000 or more above the asking price to win. In the last seven weeks, half of all MLS listings that fell under contract were only on the market for six days or less. However, in recent months, investors have seen a glimmer of hope as supply counts have stopped falling, and prices in the $500K-$800K range have risen by 40% since February. Supply is still 69 percent lower than this time last year, so it’s a long way from being considered regular, but it’s at least something.

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How Real Estate Market is for Sellers in Arlington You probably won’t notice, but the real estate market has started to cool. It’s still hot; but, even being cooler than 500 degrees, 400 degrees is still hot. Sellers should still expect several offers and closings above the asking price; however, it is necessary to note that supply has ceased to fall and has begun to rise in some price points above $500,000. Season to season, Greater Phoenix supply should 20

decrease rather than flatten or increase at this time of year. As interventions deviate from the norm, they may signal the start of a trend. This trend would be overlooked because supply remains significantly smaller than demand, making any small rise in competition insignificant to a seller’s ability to secure a buyer, perhaps one willing to pay more than the asking price. The number of list price drops, on the other hand, is one of the early signs that a market is shifting. For example, supply between $600,000 and $800,000 has increased 45 percent since late February; over the same period, the number of weekly price reductions increased 223 percent and reached its highest level in nearly six months. That is noteworthy. Price declines have stayed low and steady in other price points in which supply has flattened out. The advantage in every market, not just real estate, is being among the first to notice when things are changing. You can also watch the series on Facebook Live or our YouTube channel. Tune in today! References https://www.rentcafe.com/average-rent-market-trends/us/va/ arlington/ https://metrorealtyaz.com/arizona-real-estate-market-reportthis-month/

The Power Is Now Magazine | JUNE 2021

YOUR POWER TO BUY A HOME IS NOW! 2712 Rocky Creek Dr, Mansfield, TX, 76063

Offered at $370,000

Property Information Bedrooms: 4 Utility Room Level: 1 Full Bathrooms: 2 1/2 Bathrooms: 1 Game Room Level: 2 Living Room Level: 1

CALL ME FOR DETAILS: Johnnie Morine Direct: (817) 266-6629 Website: www.themorinegroup.com

I WAS DENIED

HOUSING BECAUSE I HAVE AN

ASSISTANCE

ANIMAL. SO I CONTACTED

HUD FOR HELP.

SCAN HERE FOR MORE INFO

When a landlord tried to deny me housing because of my assistance animal, I contacted HUD and learned about my fair housing rights. For instance, landlords must make reasonable accommodations for persons with disabilities, such as allowing an assistance or emotional support animal in a no-pets building. If you believe you have experienced discrimination, contact HUD or your local fair housing center and file a complaint.

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It!

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

EMERICK A. PEACE

#320004 240-882-0198 EmerickPeace@KW.com Your #1 Referral Source for Phenomenal Service in Washington, DC & Maryland

By Emerick Peace

These are the mistakes to avoid between loan approval and closing

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Mistake #1: Switching your job. You should avoid changing your job as much as possible for the period between loan approval and closing. This is simply because changing employers could result in delays due to the procedures involved, including employment and salary verifications. But don’t get me wrong, I do not mean that you should turn down an excellent once-in-a-lifetime career opportunity. But any optional moves should wait until the closing is done. Anything that can wait, let it wait to avoid further delaying your much-anticipated homeownership opportunity. Mistake #2: Making huge purchases. You’ve already been pre-approved for a mortgage and found a suitable home for you after weeks or months of hunting. At this point, it’s normal for the adrenaline to start kicking in and the daydreaming to take the course. In the middle of the anticipation, the imagination of personalizing the house begins, and you get into a ‘buying mode.’ Besides, you’re excited to have discovered your creditworthiness. You then think of making huge purchases of furniture, jewelry, a nicer car, or even a boat if you’re set to move to a location in the vicinity of a river or lake. l

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ou’ve spent years working hard and saving for a down payment, and finally, the American dream of homeownership is a step away from becoming a reality when you get pre-approved for a home loan. Is it time to celebrate yet? Not yet. In fact, you’re just getting into the most critical stages of the homebuying process. One wrong move and all your hard work, dedication, and sacrifices could wash down the drain. This is likely to happen since your lender will recheck your credit right before closing. Certain mistakes would lead them to question your creditworthiness. Let’s find out which ones so that you know what to avoid.

If you make such huge purchases, you’ll be making a lethal mistake. Remember, your debt-to-income ratio is a vital factor when being considered for a mortgage loan. Making any huge purchases at this point takes money or credit, while your mortgage approval was based on a certain criterion which could be your debt-to-income ratio, cash reserves, or assets. Altering those criteria in any way risks jeopardizing the closing and funding of your new home as you could exceed the ratio that’s acceptable by your mortgage lender. Mistake #3: Do not apply for any new credit accounts. Contemporary society is flooded with all sorts of credit opportunities. And let’s face it, the trend is quite tempting with all department stores trying to get you to apply for their credit card at check out while promising to give you discounts on your purchases. Similar to taking a new debt, applying for a new credit account in the period between preapproval and closing poses a risk of jeopardizing your mortgage approval process. Remember, your mortgage pre-approval was based on certain criteria, such as credit profile, and you don’t want to mess with it. Mistake #4: Changing your bank account. When applying for a mortgage loan, you’re required to provide a lot of documents such as income

documents, proof of employment, a list of assets, and most importantly, your bank statements before you’re pre-approved. Most lenders would want to see your bank statements for the last two months to verify whether you can afford the amount needed for a down payment and closing costs. Once you provide the lender with all the required documents and receive a pre-approval, the last thing you would want to do is alter any of the documents. This means that you should not change your bank account. If you do, you’ll have to go through the process all over again. That means you’d have to wait for another at least 60 days for seasoning. If you change your bank account after getting pre-approved, you could be getting yourself in trouble since your lender could require a new set of statements right before closing. To save you from all the trouble, avoid changing your bank account before and after getting a pre-approval at all costs. Save yourselves the trouble of being denied mortgage loans or delaying your mortgage approval by avoiding all the mistakes discussed above until you’re through with closing. Work cited. https://www.texasrealestate.com/members/posts/avoid-thesemistakes-between-loan-approval-and-closing/.

Every Other Friday

10:00 AM - 11:00 AM

Promote Your Listings Online Call me for more information Eric Lawrence Frazier MBA (714) 361-2105 eric.frazier@fbol.com www.thepowerisnow.com

Your voice is your brand! Increase lead generation, and give you the POWER to close more deals!

4808 Silverbrook Way, Bowie, MD, 20720

$649,000

Property DESCRIPTION Beautiful well maintain extremely well built custom colonial in a private community, tucked away in a great lication. This stately colonial awaits your arrival.Open house Saturday and Sunday 1-3.

EMERICK PEACE Operating Partner | Realtor DRE#320004 d: (240) 882-0198 emerickpeace@kw.com

Property FEATURES • • • • •

Bedrooms: 5 Total Bathrooms: 5 Garage Spaces: 2 Lot Size Square Feet: 20467 Year Built: 1989

Diversity is working. Shouldn’t it also be living?

Your workplace thrives on diversity, so why shouldn’t your neighborhood? Diversity expands horizons, promotes understanding, prepares our kids. It promises us all a richer life. To better understand how neighborhood diversity will benefit you and your family, please log onto www.ARicherLife.org.

Celebrating the 40th Anniversary of the Fair Housing Act

Why waiting to buy a home could cost your journey to homeownership in Florida By Adriana Montes

If you fall under these groups in Florida, it’s worth noting that waiting to buy a home comes at a cost, or what experts refer to as the cost of waiting to buy. If you want to determine whether the best time to buy a home in Florida is now or a year from now, you should first have answers to the following two questions: 99 What do you think will happen to home values in the future? Will they rise or fall? 99 What do you think will happen to mortgage rates in the future? Will they rise or drop? Let’s try to answer these questions. www.tHEPOWERISNOW.com

What will happen to home prices in the future? According to a May article by BuyAndSellSouthFLorida.com, the average of the most recent forecasts from the major market watchers indicate that home prices will increase by 7.7%. Let’s look at a practical example of what this means. A house valued at $325,000 today, where the buyer makes a 10% down payment ($32,500), they’ll end up with a mortgage worth $292,500. Considering the projected rate of appreciation, the same house will cost $350,025 a year from now. And with a 10% down ($35,003), the buyer will end up borrowing $315,022 in a mortgage. This implies that a potential buyer will have to put down an excess of $2,503 alongside having borrowed an additional $22,523 just for sitting on the fence for one year. What will happen to mortgage rates in the future? As of this writing, mortgage rates were hovering around 3%. This is after experiencing historical low mortgage rates for the better part of l

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re you having a dilemma of whether to buy a home now or buy it next year or in the next few years? Well, it’s somewhat normal to experience the dilemma since odds don’t always align, and many people sit on the fence for quite some time until it’s too late. This situation is most common among two groups of people in Florida; the first are renters looking to become homeowners but are not sure of the best time to do it. The second group consists of homeowners who are just finding out their current home is no longer suitable to their changing needs.

2020. However, according to most experts, the mortgage rates will rise as the economic recovery continues this year. It’s apparent that any increase in mortgage rates will automatically increase the costs of buying a home. Projections for the first quarter of 2022 from the leading mortgage entities show that mortgage rates will reach 3.5% (Freddie Mac, Fannie Mae, and NAR) and 3.9% (MBA). These forecasts indicate an average of 3.6%, representing a jump from where they are currently. Nonetheless, let’s not even go to the extent of looking at what is likely to happen to mortgage rates in the future. What we have already experienced is enough to teach us a good lesson. For the better part of last year, mortgage rates were floating below 3%, with rapid falls every now and then. A few months into 2021, the rates have already shot above 3% and are still on the rise. Those who were indecisive on whether or not to buy a home in 2020 slightly missed the golden opportunity. And those still delaying in 2021 are 32

likely to face great discouragement when both interest rates and home values shoot higher. This only means one thing, the time to buy is now. If you missed your chance in 2020, don’t let the same happen in 2021. This goes to all Floridians and every other American who is wondering the best time to buy a home. Buy now to avoid the cost of waiting to buy a home.

Work cited. https://www.buyandsellsouthflorida.com/blog/why-waiting-tobuy-a-home-could-cost-you-a-small-fortune/.

The Power Is Now Magazine | JUNE 2021

930 1 8 th St, Orlando, FL 328 0 5

Single Family Home FOR SALE LIST PRICE

$500,000

Property Information:

Amazing Opportunity..4 units, Strong Block Building. Quadruplex containing 3/1 and 2 1/1.Plus Independent One 1 bedroom Block House. Always rented, Current Income $2650..Great Potential for new landlord., close to everything. Train, bus. Minutes to Downtown, Hospitals, Highways, Arena, Soccer Stadium, Dr Philips center.

Property Information:

5 BEDROOMS

CALL FOR DETAILS

ADRIANA MONTES, JD MBA

m: (321) 689-6258 o: (407) 654-9992

4 BATHROOMS

adriana@floridadreamsrealty.com www.floridadreamsrealty.com

They told us to “Live someplace else.”

We have rights. We called HUD.

SCAN HERE FOR MORE INFO

We found a three-bedroom apartment we loved in a great neighborhood with good schools and a beautiful park. But the landlord told us to live someplace else that would be better for our family. We filed a complaint with HUD, and now we have a wonderful place to live.

Here are some telltale signs of housing discrimination against families with children:

• • • •

Allowing only one child per bedroom Charging a higher security deposit for families with kids Limiting families with children to the first floor or certain buildings Refusing to rent to families with children

Fair Housing Is Your Right. Use It. Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Here are some home renovations that will give you the greatest returns By Yvonne McFadden Are you about to renovate your home and looking for the one that will give you the greatest returns? Here is what you need to do to achieve that.

Consider your return When your time is up for the work, then you need to consider if you’re going to www.thepinmagazine.com www.tHEPOWERISNOW.com

recoup the money spent on the renovation. Most people do not consider this. While you need to spend the right amount of money, you also need to spend it in the right way. This is true for both construction materials and building tools. Make sure you invest in quality as you are not only about to invest in your home but also in yourself. This brings us to the issue of value. Most people don’t invest in quality as they are

more concerned about what their house looks like than its longevity. kitchen renovation A kitchen is the heart of your home, where family and friends gather. Investing in a new kitchen gives you the opportunity to add your personal touch. There are countless ways you can make your kitchen to your taste. You can opt for a luxury benchtop or marble top, remove

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Work with your budget You may have a budget in mind, but sometimes you can’t afford that. If that’s the case, plan your renovation within your budget. When you work within your budget, you can ensure you will complete the renovation in no time without the need to overspend.

Bathroom renovation Home remodeling projects like bathroom renovations have a big impact on your home’s value. Maybe you’re going to increase the size of your space to give it an updated look, and with the right design and selection of materials, it can mean big profits. The ROI for this is about 70% Basement renovation Remodeling your basement is a must, especially if you’re a homeowner that has a basement. If you don’t have one, that could be a huge mistake, as it makes the most sense to have a basement. A basement will give you room to store all of your items in one area. So if you have been considering a basement remodeling project, now is the time to consider it. Living room renovation

This is one of the most important rooms in a house as this is where most of the activities and entertaining take place. You may want to renovate your living room to improve its look so that you can welcome your guests into it. Some of the things you need to think about are the window blinds, ceiling fans, and especially the rug that you are going to buy for the room. You need to buy it in a fashion that is going to add to the charm of the room. The rug is going to define the look of your living room. Also, the chairs and walls are not to be left out. The ROI for this is around 61% to 72%. Conclusion Renovating your home can be the best thing you will ever do to your home. When you renovate your home, not only are you making it more attractive, but you can also get the maximum value for the house. You can also watch this just concluded series on Facebook Live or our YouTube channel. Tune in today!

References https://www.homewyse.com/projects/ remodel_living_room.html https://www.daltile.com/trend-hub/chipstips/top-3-bathroom-remodels-for-best-roi https://www.ramseysolutions.com/realestate/how-will-a-kitchen-renovationaffect-value

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cupboard doors and replace them with glass or white frames. If you don’t like the current layout of your kitchen, then do some demolition and create a layout of your dreams. You can install a granite countertop, introduce more cupboards to increase your storage space, and get an electric cooker. A well-designed kitchen is easy on the pocket and it doesn’t need to be a costly renovation. You can start by replacing old lights with energy-saving lights if you want to make your kitchen look more modern. The ROI for this is about 54%

The Power Is Now Magazine | JUNE 2021

YOUR POWER TO BUY A HOME IS NOW! 3400 W Sage Lane, #253 Show Low, AZ 85901

Offered at $212,000

Property Information

In the heart of Torreon Country Club this land is located on the 7th & 8th hole of the Cabin course! Uniquely, it has a view on two sides of the golf course; making views magnificent. Secluded location. Whether you go out on the tee box of 8, or you go to the water tower, the sunsets are amazing in that location as it’s one of the highest spots in Torreon. Great location for watching July 4th fireworks.

CALL ME FOR DETAILS: Yvonne McFadden Direct: (480) 628-2619 www.yvonnemcfaddenrealtor.com

When it comes to housing,

little things shouldn’t make a difference.

If you have children or are pregnant and a landlord refuses to rent to you, requires a higher security deposit, limits the use of facilities, or says you can only live in certain areas of a housing complex ... that could be discrimination. And housing discrimination because of familial status is against the law. If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home. A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Peggie Simmons

How to Find Profitable Homes for Investment in Arizona

In the last few years, the housing market has been improving significantly. The number of homes sold and median sale prices are rising. And this year is expected to continue with that trend. All this is excellent news for investors looking for profitable homes for investment in Arizona. Of course, there are some risks involved with this kind of business, but a good knowledge of what you are doing and www.tHEPOWERISNOW.com

proper planning can help you minimize those risks and maximize your profits. As you look for profitable homes for investment in Arizona, remember that the costs of any improvements and repairs should be met through the sale price of the property. To ensure your ability to resell quickly and at a fantastic price, avoid doing anything to a property that would make it difficult to resell later. Potential buyers generally prefer properties in move-in condition, but repairs need to be done carefully so as not to take away from the property’s value. 123rf.com

roperty investment is a great way to make money, but it can be tricky to find profitable homes for investment in Arizona. A few factors that determine profit potential are the cost of the home and its location, as well as whether it needs certain repairs or upgrades and how much those will cost.

A good way to get started on the search for profitable homes for investment in Arizona is to l

look at the foreclosure listings. As you know, many properties go into foreclosure due to the owners’ excessive financial obligations. Foreclosure can often be a great opportunity for investors, as long as they have the necessary capital and skills to make a profit from the sale of foreclosed homes. Take a look around and find out where foreclosures are most common in your area. Real Estate Agents & Brokers In Arizona A Real Estate Agent in Arizona can help you understand the Arizona real estate market better. They’ll explain to you the kind of properties that are available, including foreclosures, bank-owned properties, and those that are just listed in the MLS. As with any property, there should be a buy-sell agreement in place so you can get quality assurance and a clear understanding of what’s included. Factors to consider Here are some things you should consider when looking for investment homes and why they are important:

2. Income Potential The aim of investing in a house is to make a profit, so if you’re investing, you need to surely look at the income potential. You’re either investing to resell or rent it out. If you are investing to rent out, always make sure that the amount of income that’ll be generated from rent is higher than the cost of owning and maintaining the property over a certain period. This can also help in determining if it’s worth buying a particular property or not. 3. Property Market - The location where the property is located can have an impact on the demand for houses. In this case, we are looking at Arizona, and it’s undoubtedly a great place to invest. Research the demographic data of neighboring areas as well as their overall economic conditions before deciding on a location.

Cost of homes in Arizona According to SmartAsset, the cost of buying a home in Phoenix, Arizona is an average of $230,493, while the average is $162,494 in Tucson. Average Homeowners Insurance in Arizona: The average homeowners’ insurance policy costs $1,524 per year. You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

References https://smartasset.com/mortgage/the-cost-ofliving-in-arizona https://www.valuepenguin.com/best-cheaphomeowners-insurance-arizona

1. Property Costs The total cost of purchasing, renovating, and maintaining a residential home is the first thing you should look out for.

The Power Is Now Magazine | JUNE 2021

YOUR POWER TO BUY A HOME IS NOW! 1193 W MORELOS St, Chandler, AZ 85224

Offered at $460,000

Property Information

THIS HOME IS READY FOR A NEW OWNER FULL CABINET REPLACEMENT IN 2016. NO PAINTED CABINETS HERE. UPGRADED CABINETS WITH HIGH END STAINLESS APPLIANCES. FOR THE CHEF LOOKING TO PREPARE GOURMET MEALS, THIS ONE HAS AN INDUCTION COOK TOP WITH THE CONVENIENCE OF ELECTRIC BUT RESPONSIVENESS OF GAS COOKING, , WITH QUICK BOIL FEATURES AND SO MUCH MUCH.

CALL ME FOR DETAILS: Peggie Simmons Direct: (480) 201-0654 E-mail: peggiesimmons@aol.com

choosing where you live is a right. housing discrimination is wrong. discrimination because of race, color, religion or national origin is illegal. e only way to stop it is for you to report it. Visit www.hud.gov/fairhousing or call the HUD Hotline

1-800-669-9777 (voice) 1-800-927-9275 (TTY) A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, family status or disability. For more information, visit www.hud.gov/fairhousing.

By Kamesha Keesee

These home renovations will give you you greatest return for your investment We’re not all in the world of carefully budgeting and calculating with spreadsheets to put ourselves on a realistic home renovation schedule. Some people are driven by their own style, tastes, and habits, and don’t care if it’s not a financially sound decision. Their reasoning is: “I’m doing this for me”. There are also those who want to get more value out of their homes once they’ve renovated them. In either case, the rule of thumb is to not spend more than you’ll get out of it in return. We did research to find out what remodeling projects will give you the greatest return for your investment, and here they are.

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and a comfortable look. Selecting quality leather furniture for your living room will deliver a higher return on investment than a fabric sofa because of its durability, eliminating the need for frequent repairs or replacements. You can expect to see a return on investment of between 61% and 72%.

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Living Room The living room is the most important room in any home. This is the first impression that friends and family get when they come to visit. Designer upgrades to your living room sofa, love seat, coffee table, and side tables can give your home a more luxurious feel

If you’re renovating for yourself, it goes without saying that a kitchen would be the obvious choice. Don’t expect to recover the 100% ROI of your kitchen remodel though. You can only get about 54%, based on how much kitchens typically increase in value when selling. If this doesn’t bother you and you want a new kitchen, make sure it fits your personality and style. Bathrooms The next big project is your bathroom, hands down. Adding luxury upgrades to your bathroom will not only make it more beautiful but also more functional, with new countertops, tile, and a series of other upgrade options.

Closets Shelving in your closet is an obvious choice for projects that will give you the best return on investment. You won’t need additional accessories to fill up your new shelves and drawers. You’ll see a 53% return on investment when you replace your outdated closet fixtures with designer shelving units. Start Simple One of the most important things when it comes to renovations is that they need to be done right. They also take a considerable amount of time because they involve planning and design. Prioritize what you really want to do, since it could be worth it then for you to just rush. Take your time, start simple, then gradually progress. You can also watch the series on Facebook Live or our YouTube channel. Tune in today! References https://www.homewyse.com/projects/remodel_living_room.html https://www.daltile.com/trend-hub/chips-tips/top-3-bathroom-remodels-for-bestroi https://www.ramseysolutions.com/real-estate/how-will-a-kitchen-renovationaffect-value https://closetsforlife.com/will-a-custom-closet-system-increase-your-homes-resalevalue/

Daltile projects a 70% return on investment for bathrooms, but again it depends on your situation. The rule of thumb is to budget about $3,400 for a mid-range basic remodel (countertops and floors), and the cost per square foot increases from there with custom tiles and fixtures.

The Power Is Now Magazine | JUNE 2021

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Kitchens The kitchen is the heart of your home, where family and friends gather for big meals and small talk during the holiday season. A basic kitchen remodel will include new cabinets, countertops, sinks, and appliances. Your return is a higher home value, and this is true whether you’re selling or staying.

SEARCHING FOR YOUR HOME? 27799 Ruggie Rd Menifee, CA, 92585 Riverside County

Offered at $325,000

PROPERTY INFORMATION Address: 27799 Ruggie Rd Menifee, CA, 92585 Riverside County Bed/Bath: 2/2.00 Square Feet: 1295 Year: 1995 Housing Type: Single Family Home Lot Size: 4000.00 sq ft

CALL ME FOR DETAILS: Kamseha Keesee Broker | DRE#01292916 Direct: (951) 454-5959 E-mail: keeseekamesha@aol.com

THIS VETERAN HAS EXPERIENCED ENOUGH.

HE SHOULDN’T HAVE TO FIGHT HOUSING DISCRIMINATION BECAUSE OF HIS DISABILITY. Sergio lost his leg and his hearing while serving our country overseas. Now back home, he was ready to start a new chapter in his life. But when he found the perfect apartment, the landlord refused to make a reasonable accommodation to allow his service dog in a “no pets” building. Then Sergio learned that the Fair Housing Act protects people with disabilities. He contacted HUD and filed a complaint. Today, Sergio is feeling right at home. If you believe you’ve experienced housing discrimination, please contact

hud.gov/fairhousing 1-800-669-9777 50 YEARS OF OPENING DOORS. A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

210 3 Westwind Dr Midland, TX , 7 9 7 0 7

Single Family Home FOR SALE LIST PRICE

$185,000

Property Information: Bed/Bath: 2/2.00 Total Rooms: 6 Square Feet: 1411 Year: 1993 Lot Size: 7875.00 sq ft

Property Information:

2 BEDROOMS

CALL FOR DETAILS

SHARON BARTLETT

DRE#0684103 o: (214) 914-9272

2 BATHROOMS 2 CARS GARAGE

sharon@sharonbartlet.com www.sharonbartletthomes.com

“Will the apartment still be available when they hear my accent?”

“ I called five different numbers about apartments for rent. They all said they had been rented. I started to get suspicious so I had a white friend call. Suddenly these apartments were available.” If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Ruby Frazier

First Time Buyer Guide: 10 house-hunting mistakes for first-time homebuyers

House hunting can be very serious and exhausting at the same time. More often than not, buyers who are in the market for the first time have issues deciding what to do and not to do while trying to get the house they desire. Here are some common mistakes made by new homebuyers and how to avoid them. 1. Too little down payment The 20% rule for a mortgage is a law nearly everyone knows about. Yet, only a small percentage of people really pay up to 20% on their first mortgage. This error, as little as I may seem, has caused lots of people to lose out on their mortgages as they couldn’t afford to make the right payments.

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2. Only one lender The options are limitless and still, people go for one option. Maybe this may be due to the fact that they obviously cannot keep up the stress of having to fill out paperwork or asking and reasking questions. Still, homebuyers should always make sure they have options when buying.

1. Credit score? Ignored No matter what, ignoring your credit score while buying a home or making a mortgage payment is the worst decision you can ever make. Your finances are important. Stay updated.

6. Mortgage not preapproved If your mortgage has not been approved and you venture into house hunting, you may get one that’s too much or too little for your mortgage payment power.

2. Too little, too big Most times, homebuyers discover too late that the house is either too big or too small for their needs. When this happens, they are faced with the problem of creating space or filling up excess spaces.

7. Ignoring monthly payment The deadliest mistake here is to ignore payment dates. You’ll be out on the street in no time if you do this. As a matter of fact, you must always be up to date about your mortgage plan, changes, and payment schedule.

3. Adjustable and not fixed mortgages Adjustable mortgages are usually based on market indexes. They may appear low for the first few years but a sudden leap in the market will automatically increase your mortgage. This is unlike a fixed mortgage where the interest is just what it is: fixed. 4. Misinformation Knowledge is power and information is key. When you talk to the wrong people about buying a home or taking a mortgage, be sure that you just set yourself up for an epic fail. 5. Choosy Some homebuyers are very picky when hunting. They either don’t like this or want this or want that and in the long run, settle for the worst kind of house available on the market. The deepest regret comes later when they discover that they had actually settled for less while thinking they had the best.

8. No knowledge about how much to afford You should always be aware of what you can do with your credit score. Don’t take a mortgage that you can never ever afford to pay off. You can also watch the series on Facebook Live or our YouTube channel. Tune in today! REFERENCES Michaels R. Personal Finance Contributor; interest.com https://www.interest.com/ mortgage/10-first-timehomebuyer-mistakes/ https://www. familyhandyman.com/ list/house-hunting-andhome-buying-mistakesyou-can-easily-avoid/

The Power Is Now Magazine | JUNE 2021

LISTED FOR $240.000

4356 N Eddy Ave Fresno, CA, 93727 Fresno County Property Information Address: 4356 N Eddy Ave Fresno, CA, 93727 Bed/Bath: 3/2.00

Call Ruby Frazier Realtor DRE#01751773

Total Rooms: 5 Square Feet: 1312 Lot Size: 7669.00 sq ft

mobile: (951) 686-5261 e-mail: rubyfrazier@fraziergrouprealty.com

WHAT WILL HE SEE

WHEN HE OPENS

HIS EYES?

DISCRIMINATION OR A NEW HOME?

SCAN HERE FOR MORE INFO

It’s a reality that housing discrimination based on religion exists today. It isn’t just unfair – it’s against the law. If you feel that you’ve been denied the sale, rental or financing of a home because of religion, file a discrimination complaint with HUD or your local fair housing center.

Visit hud.gov/fairhousing or call the HUD Hotline

1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It!

wikicommons.com

By Cornelius Jackson

www.tHEPOWERISNOW.com

e’ve all heard some very common investment stories from family, friends, and even celebrities that say real estate investments are easy to make. But what if you’re not an expert? What if you don’t have a lot of extra money to throw around? What if the person telling the story has no evidence and doesn’t really know what they’re talking about? It might be time for us all to let go of this idea that real estate is an easy get-rich-quick scheme. Not only is it bad advice, but it can also be really dangerous. So, let’s look at the top five myths about real estate for the people who are not real estate experts. 1. It’s a magic bullet When people start talking about making money in real estate, they almost always say something like, “I bought for $50,000 and flipped it for $100,000.” What they’re not telling you is that there were a lot of expenses involved in this deal too. The person might have put in $10,000 or even $20,000 of their own money just to pay the expenses on the deal. Most people don’t want to share that part of the story because they’re trying to make you think real estate is some sort of get-rich-quick scheme that gives you instant wealth.

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Debunking Real Estate Investment Myth in Irvine: Irvine is too expensive for me

1. It’s all about location Another common myth is that if you find a “hot” market with lots of demand and good appreciation rates, you’ll be able to make a bundle off your real estate investment. But what they don’t tell you is that there are a lot of things that can make the process more expensive. Demands for housing can be high in some markets and low in others. You may need to pay a little extra to find a good flipping location (see point above). Not every market is stable enough to let you make consistent money over time. 2. It is passive income Making money in real estate is a pain. It’s not quite as passive as people often believe. You’ll need to make decisions on how to better the property and actively manage it if you want your business to succeed. 3. It is easy There’s a lot more to real estate investing than simply buying and selling properties or paying the rent every month. There are terms you need to know, taxes that have to be calculated, different strategies you can use, and more. 4. You need lots of money This isn’t totally true. When it comes to real estate investing, you can find properties that are quite cheap and some that are quite expensive. Even if you are interested in a property that’s out of your budget, you can find a partner with who you’ll share the cost of the property. Besides, you can also have a wholesaler for who you can sell a

house and get a commission without any investment from your end. All you need to do is just looking for someone that’ll be interested in the property. Conclusion Investing in a home is a process that takes time and requires a lot of work. There’s a high tendency of you falling for any of these myths, especially if you do not have experience. Once you have experience, you will be able to see through the hype. You can then determine if a particular myth is true or not. Keep on learning and growing, and your dream of becoming a real estate investor will become a reality. You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

References https://cplinvestments.com/the-5-biggest-myths-of-real-estateinvesting-debunked/ https://www.fool.com/millionacres/real-estate-investing/ articles/5-real-estate-investing-myths-debunked/ https://www.gobankingrates.com/investing/real-estate/ common-real-estate-myths/

The Power Is Now Magazine | JUNE 2021

494 S Macy St #8 9 , S a n Bernardino, CA 9 2 4 1 0

Single Family Home FOR SALE LIST PRICE

$149,000

Property Information: Location, location, location. Great corner lot and open floor plan. This is a must see. Low monthly space rent. You can enjoy your custom garden or relax outside on those hot summer days. Never worry about space again with this double wide home.

Property Information:

3 BEDROOMS

CALL FOR DETAILS

CORNELIUS JACKSON

DRE#01824362 o: (855) 255-0877

2 BATHROOMS

info@cljrealty.com www.CLJRealty.com

SOUNDS LIKE DISCRIMINATION.

What matters is how you look on paper – not how you sound over the phone. Judging you by your race or national origin instead of your qualifications is discrimination. It’s unfair, it’s painful... and it’s against the law. The best way to stop housing discrimination is to report it. If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

By Jenny Gonzalez

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Top 10 neighborhoods for investing in Corona real estate market We are in the pandemic as a result of the coronavirus outbreak. Since the outbreak, the real estate industry has evolved, and investing in real estate now requires more. If you want to invest in real estate during the pandemic, where are the best neighborhoods to do so? Here is what Jenny Gonzalez has for you that will help you in your quest.

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Why invest in real estate? Real estate investment can provide long-term wealth. Many brokers and financial advisors believe that investing in real estate can provide wealth that is permanent. Real estate investing has transformed into so many different kinds of ways. Some people invest in real estate as a source of income to renovate it and rent it out. Others choose to use real estate as a way to resell it. The recent ‘quarantine’ was a wake-up call. It is a wake-up call to the investors. Now let’s head over to the list of top 10 neighborhoods for real estate investment right now.

TOP 10 NEIGHBOURHOODS FOR INVESTING IN REAL ESTATE IN 2021 1. Las Vegas, Nevada: Being the most populous city in its state, Las Vegas boasts of ever-increasing rent. The “no tax” law is a factor in the development of the economic growth of the state. The economy is diverse as there are multiple commercial interests such as tourism, gaming, etc.

7. Ocala, Florida: For the past years, the real estate market in this city has appreciated inviting more investors yearly with the increase in economic and population growth.

2. Dallas, Texas: The cost of living in Dallas is one of the most affordable in the country which has increased the job growth as taxes for businesses and employees are lower. This continuously attracts more companies and individuals to the city. 3. Cincinnati, Ohio: Several Fortune 500 and Fortune 1000 companies are resident in the state. This led to an increase in the employment rate of the state, and constantly enticing people to relocate there. 4. Tampa Bay, Florida: Another location of Fortune 500 companies, Tampa Bay is one of the places with incredible potential. The real estate market would skyrocket in the coming years. 5. Seattle, Washington: Research shows that Seattle is among the best places to invest in real estate because a good number of people move to the city every year. It has some of the best public school systems in the country. 6. Denver, Colorado: Always receiving a high ranking as one of the most comfortable places to live, Denver entices more people each year as it possesses some of the lowest mortgage rates. 72

8. Birmingham, Alabama: This city is an untapped market. The economic diversity is not just winning over investors, the affordability of real estate also is. More students move there every year because of the universities and colleges situated there. 9. Colorado Springs, Colorado: This is also a constantly appreciating location. Tanked as a top city to move to, the returns in investments are tantalizing. 10. Chicago, Illinois: Chicago is one of the best cities to move to in the United States. The increasing rents are caused by the number of companies based there. Real estate is always a good choice to invest in because there is always demand for houses to live in. It is also a great income stream as the returns are more constant than other investments. In these areas, it is even better because these are hot locations with amazing standards of living and jobs. You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

https://www.fortunebuilders.com/best-rentalproperty-markets/ https://www.noradarealestate.com/blog/bestplaces-to-invest-in-real-estate/ https://learn.roofstock.com/blog/best-cities-toinvest-in-real-estate

The Power Is Now Magazine | JUNE 2021

LISTED FOR $305,000

17077 Eucalyptus St Hesperia, CA, 92345 San Bernardino County Property Information Address: 17077 Eucalyptus St Hesperia, CA, 92345 San Bernardino County Bed/Bath: 3/2.00

Call Jenny Gonzalez Realtor DRE#01249788

Total Rooms: 5 Square Feet: 1144 Lot Size: 1.33 acres

mobile: (951) 316-0374 e-mail: jengonzalezre@gmail.com

3 TOURS. 2 PURPLE HEARTS. 1 EVICTION NOTICE.

SCAN HERE FOR MORE INFO

When my landlord found out I had Post-Traumatic Stress Disorder (PTSD), I received an eviction notice. That’s when I called HUD for help. If you feel that you’ve been discriminated against because of a mental or emotional injury or disability, report it to HUD or your local fair housing center.

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) FAIR HOUSING IS YOUR RIGHT. USE IT!

By Danon Burnside

You can buy your property without a realtor, But I warn you against it!

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ell, buying your home is one of the biggest decisions you’ll make in your life. It’s a big undertaking and requires a lot of knowledge and expertise-especially if you’re not familiar with the terminology or hidden pitfalls involved. And if you’re buying as an investment, it gets even more complicated. A small mistake can cost thousands of dollars, not to mention your peace of mind. A real estate agent is trained in the various rules and regulations involved. And they have access to a lender who can provide options appropriate to your budget. They are an important resource you must utilize for an informed decision! There is no real shame in having a real estate agent get you a property. In fact, most agents are more than happy to assist you in making the decision to buy a home. You should only use real estate agents that are trustworthy and knowledgeable. Time One of the best reasons not to buy a house without a realtor is the time factor. You do not have to waste your time driving around. You will be able to get an idea of what houses look like before you visit them so you can make an informed decision. Some real estate agents will even come and show you the houses they are selling. If you do not feel comfortable driving around in a strange neighborhood, then this may be the best option for you.

Ease Another reason not to buy a house without a realtor is that it will make things easier for you. A real estate professional will help guide you through the process. They will help you figure out what you are willing to spend, where you are going to spend it, and what you want in your house. They can even make the purchase and help you arrange to finance it. However, you will still have to do some work yourself.

Getting the best price One other disadvantage to buying a house without a realtor is that you may not get the best price. This is especially true if you don’t have a lot of experience buying properties. You also may not know how much you should ask for the property. A realtor can help you determine what the asking price should be based on the location and some other factors The most important thing you

should do before you even meet with your realtor is to determine your budget. Once you’ve set a budget, don’t allow yourself to go over it. If you feel you need to, talk to a financial advisor or your realtor. They can help guide you to a more affordable home. After you have set a budget, you can proceed to look at homes in the area. Call the agents in that area and schedule an appointment to view a property. Bring a friend or family member so you can ask questions without feeling awkward. Most realtors are more than willing to answer any questions you might have. Conclusion So if you decide that you want to use a realtor to help you buy a house, you need to make sure you find one who is trustworthy and knowledgeable. Look for someone you can trust who can really help you with all of your needs. Make sure they are licensed and bonded. Ask for references and check them out. Then you’ll be ready to make a decision. You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

The Power Is Now Magazine | JUNE 2021

LISTED FOR $535,000

4048 Quartzite Lane San Bernardino, CA Property Information

Move in ready single story home located in the great community of Rosena Ranch. This home has granite counter tops in the kitchen, freshly painted and flooring in all bedrooms including the living room. Also a large dining room, kitchen open to the living room, cozy backyard perfect for barbequing. The community has a community center with 2 pools, bbq area, fitness center, kids splash park, playground, sports courts. Walking distance to K-8 School Paakuma.

Call Danon Burnside Realtor DRE#01835853

mobile: (951) 205-5796 e-mail: dburnside73@gmail.com

IF YOU’RE STRUGGLING TO CARRY YOUR MORTGAGE, WE CAN HELP FORECLOSURE IS NOT A FOREGONE CONCLUSION The weight of a mortgage can overwhelm even the strongest person. Now you can get FREE help. Today, there are alternatives for lots of homeowners in many difficult mortgage situations. A HUD-approved housing counselor may be able to help you. Find out what might help ease your burden at:

STOP STRUGGLING. GET FREE HELP. A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance.

By Denise Matthis

The State of Black Housing in Oakland For many black Californians, Oakland’s housing crisis is nothing new. Institutional racism in government policy and the residential housing market has long made finding a clean, secure, and affordable home in California more difficult for the state’s 2.2 million black residents than white residents.

he aftermath of New Deal-era redlining, which considered black communities unsuitable for federally subsidized mortgages, is clearly evident not just where black Californians now live but also where gentrification and displacement tensions are most acute in the state. Article 34, a still-unrepealed provision of the state Constitution that mandates local referendums before lower-income housing can be constructed in a California city, has kept affordable housing out of wealthy, predominantly white neighborhoods for decades. Article 34 Californians voted in 1950 to include a clause in the state Constitution that makes it more difficult for disadvantaged people to find housing. Article 34, which is still in force, requires voter approval before constructing public housing in a community. When it was passed, the real estate industry claimed that taxpayers should have a say in low-income housing developments as they were publicly funded projects like roads or schools.

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For decades, the law thwarted low-income home development in California, including the abandonment of public housing in Los Angeles’ Chavez Ravine neighborhood in favor of the construction of Dodger Stadium. Article 34 has hampered attempts to integrate suburban communities throughout the state. It resulted in a landmark U.S. Supreme Court case that allowed government policies that discriminate against disadvantaged people to be enforced nationally. Over-Represented in Homeless Counts In comparison to other states, California has a comparatively small black population. Although non-Hispanic black residents account for more than 10% of the population in densely populated areas such as New York and Texas, they account for just around 5.5 percent of Californians, a proportion comparable to the black populations of Kansas and Wisconsin. However, almost 30 percent of the more than 150,000 Californians homeless on any given night are black people. Like Marin County and San Francisco, several Bay Area districts have among the highest rates of homeless blacks in the country. No other major California ethnic group outnumbers black people in the state’s homeless population. Black Households Pushed to Suburbs Not only are more wealthy, youthful, white Californians relocating into recently redeveloped downtown areas, driving down segregation rates. Rapid increases in housing 84

prices have pushed many black tenants out of larger coastal communities and into old, previously mainly white suburbs over the last few decades. While black populations in major cities such as Oakland and Los Angeles have declined, black families have increased in farflung suburbs such as Palmdale in Antioch and Southern California in the Bay Area. Ground Zero for Displacement In the 1940s, Oakland was a pivotal destination for Black Families migrating from the south; in the 1950s, it was home to a “Harlem of the West” blues and jazz scene; in the 1960s, it was the cradle of the Black Panther Party. The region’s extreme housing crisis is the greatest threat to working-class black families who have survived decades of racist policies. Oakland has one of the rapidly increasing in the country, owing to the nation’s most expensive real estate in San Francisco and the closeby Silicon Valley tech boom. While black residents comprised nearly half of Oakland’s population in 1980, that figure had fallen to 28 percent by 2010 and, if current trends persist, could fall to 16 percent within the next decade. Some have been relocated to far-flung suburbs or central California towns that are several hours away. Others have gone back to the south. You can also watch the series on Facebook Live or our YouTube channel. Tune in today! References https://www.mercurynews.com/2020/06/23/blackcalifornians-housing-crisis-by-the-numbers/ https://www.latimes.com/politics/la-pol-ca-affordablehousing-constitution-20190203-story.html

The Power Is Now Magazine | JUNE 2021

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The campaign also played on racial concerns about neighborhood integration and used heated rhetoric on the need to fight socialism.

YOUR POWER TO BUY A HOME IS NOW! 1350 Baldwin Lake Rd Big Bear City, CA, 92314

Offered at $414,000

Property Information Address: 1350 Baldwin Lake Rd Big Bear City, CA, 92314 San Bernardino County Bed/Bath: 3/2.00 Total Rooms: 5 Square Feet: 1446 Lot Size: 11345.00 sq ft

CALL ME FOR DETAILS: Denise Matthis Direct: (858) 484-4029 E-mail: dmatthis@demfinancial.com

We help you achieve the American dream of homeownership!

Online HOmebuyer Seminar WeDneSDay, June 30 7:00 Pm TO 9:00 Pm PST

Host: ADriAN bATES

DRE#00929036 Broker | Agent

Owner of A-1 Realty powered by eXp

Learn about: • Real Estate Market Update. • Down Payment Assistance from the Golden State Financing Authority. • Down Payment and Closing Cost Assistance from CALHFA. • Strategies to buy your first home with friends and family. • First Bank Mortgage Programs. • Questions and Answers.

c: (323) 333-8201 o: (323) 291-5900 adrianbatesrealtor@gmail.com

Speakers: Eric frAziEr mbA NMLS ID: 461807 Vice President and Mortgage Advisor First Bank NMLS ID: 551928 o: (619) 476-3269 c: (714) 475-8629 eric.frazier@fbol.com

cArOLYN SUNSEri

Director of Marketing Golden State Finance Authority o: (916) 384-1619 f: (916) 444-3219 csunseri@rcrcnet.org

By Kenneth Session

Understanding the home’s appraisal process and how it can affect your mortgage payment

ome appraisal is a critical step to both home buyers and sellers whether purchasing a home using a mortgage, refinancing your existing mortgage, or selling your home to anyone other than an all-cash buyer. Due to its significance, it’s important for both home buyers and sellers to understand the ins and outs of the process. According to Investopedia, a home appraisal is an unbiased professional opinion of a home’s value. For a buyer, having a home appraisal performed to confirm the sales price for the lender is a key part of getting a mortgage. On the other hand, a good appraisal is crucial to secure the best price possible for a seller’s property. Moreover, lenders require a home appraisal before they give out a mortgage simply because they are protecting their investment. Lenders have to determine that the actual market value of the property is enough such that in case you default on the mortgage, the lender will sell the property for enough money to cover the loan. How does the home appraisal process work? The home appraisal process normally kicks off after an offer has been made and the property has been inspected. Normally, the buyer pays for the appraisal costs and in most

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cases arrange for it to occur as well. This is how it goes despite the fact that its purpose is to protect the lender, and not you the buyer. The cost of appraisal generally depends on the property type and location. High-end homes or homes with multiple units cost more. Appraisal costs typically range between $312-$407 in 2021, with a national average of $340. Once done, the appraisal report is directly sent to the lender. However, you can request for a copy and you’ll receive it as well. Additionally, expect the appraisal process to take between three to 10 business days. How can an appraisal affect your mortgage loan amount? Lenders issue mortgage loans based on the estimate of the home’s fair market value determined after the appraisal process. This means that an appraisal directly affects the amount of mortgage loan you can get. In other words, an appraisal protects the lender from giving you too much money, while keeping you from borrowing more than you need for a particular home. Appraisal amount less than the sales price? You could be wondering, what happens if a home is appraised lower than the amount it’s being sold at? This may be termed as a rare scenario but it happens and it’s best to be ready. One thing worth noting is that a low appraisal doesn’t mean the lender will shy from lending you money. Rather, it means the lender will issue you a loan on the basis of loan-to-value (LTV) ratio agreed to in the prospect contract.

What is this LTV? The LTV stands

for the amount your loan will cover in buying the house. In other words, it compares the loan amount you’re getting with the value of the home. This means that you might be required to put down more money to make up the variance. Alternatively, you can approach the seller to see if they can reduce the asking price to the level of the appraised value. On the other hand, if the property is appraised for higher than the purchase price, you’re certainly in a good situation. A higher appraisal amount means that the seller is asking for less than the home’s market value. In this case, your mortgage amount will not change since the selling price will not increase to meet the appraisal value. Understanding the home appraisal process and all the possible outcomes that surround it is a significant step to both home buyers and sellers. The process is especially important to buyers as it helps them to smoothly maneuver the market and land a home that falls within the budget and what the lender is willing to give. As a seller, it’s important to have your home appraised to help you accurately place the right selling price on the home to attract prospective buyers.

Work cited. https://www.thebalance.com/appraisal-process-when-buyinga-home-2395235. https://www.rocketmortgage.com/learn/does-house-have-toappraise-for-selling-price-or-mortgage-amount.

YOUR POWER TO BUY A HOME IS NOW! 2904 Buckthorn Ct Antioch, CA 94531

Offered at $659,900

Property DESCRIPTION

Welcome to Country like living in the privacy of this Beautiful Updated Two Story Home with new laminate wood flooring and Carpet. Kitchen has new stove range, dishwasher, breakfast bar that overlooks the beautiful picturesque private yard with no immediate back neighbors. Enjoy the spacious living room with a cozy fireplace to enjoy during the winter days or step out to the peaceful and serene back patio on spacious 1/3 acre lot. 4 bedrooms, 2.5 bathrooms & a spacious Laundry room.

CALL ME FOR DETAILS: Kenneth Session Direct: (510) 290-7990 E-mail: ksession@sessionrealestate.com

LENDING DISCRIMINATION WAS NOT WHAT I WAS EXPECTING If you are qualified for a mortgage, but the lender denies the loan because you are on maternity leave–that's a violation of the Fair Housing Act. If you suspect you are a victim of lending discrimination, please report it.

1-800-669-9777 (voice) 1-800-927-9275 (TTY)

www.HUD.gov

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, family status or disability. For more information, visit www.hud.gov/fairhousing.

By Robert Langston

Avoid Staying Stagnant:

Finding your new home for the next stage of life Home is always tied to one’s needs, and most importantly, family. For most people, any decision of buying or selling a home is always connected to a significant life event. It could be a starter home for newlyweds, a bigger home for a growing family, or a move for a job, and a smaller house when the kids join college, and the list goes on. Although one’s home buying journey doesn’t have any similarity with their neighbor’s or friend’s, looking at the broader trends can help you understand what to look for when buying a home. With home buying being among the most significant investments most people make in their lives, no one would want to regret any home purchase they make. And taking your time now to figure out the exact thing you need in a home could save you a lot of trouble in future.

1. The newlyweds or partnered couple. Exchanging vows has been a triggering factor for homeownership for many centuries. Nonetheless, the trend has changed slightly as first-time homebuyers are buying homes even without exchanging vows. For the broader www.tHEPOWERISNOW.com

trend, newlyweds’ first-time homebuyers (most who are millennials these days) go for the starter home— a place to start building a foundation. As you go for your starter home together, there are a few things you need to consider. The first thing is affordability. With high student loans on your shoulders and the experience of l

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Let’s look at the broader trend of most people’s home buying journey.

1. two recessions, affordability can be challenging for most millennial first-time homebuyers. However, it would be best if you focused on buying a home you can afford. It’s apparent that you do not need tons of space, and that’s why a starter home is the best option. A starter home can be a great investment and an excellent starting point when chosen carefully. It can help you build equity along with your savings as you position yourself to move to your next home for the next stage in life. The next thing to consider is the proximity to your workplace, commute time and lifestyle considerations. The location of your starter home will have significant impacts on the quality of your lifestyle, including your working life. And that’s why it’s important to consider it carefully. 2. The growing family. Having been in your first home for a few years, it’s now time to make another move. With the addition of kids and pets, it’s probably time to move to a larger and more family-friendly space. Besides the number of bedrooms, there are a few other things to consider in this next stage in life. First, the importance of school districts takes center stage. For most parents, the desire to give the best education to their kids, especially in middle and high school, goes beyond the desire for more space. A recent study revealed that 53% of homebuyers with kids under 18 say that school districts are a major factor in their home-buying decisions. However, wellfunded and higher-ranking schools come with higher home prices. For that reason, many homebuyers choose to sacrifice a bit of space to find a preferred home in their desired location. Another important thing is lifestyle considerations. For most growing families, living space is a key priority. Your teenagers

will want a space to hang out with their friends, which calls for a finished basement or a recreation room. A good layout in the house can also ease family life. For example, an open layout is perfect if you want to be watching your little kids play in the living room while you make dinner. The functionality of the house is another important factor you’d want to keep an eye on. Will each room fit into your everyday life? Does it have a well-designed laundry room that will handle the massive loads of laundry for both infants and kids? Identify the features that will have the most significant impact on your everyday life and ensure they’re there. 3. The empty-nesters. The hustle and bustle of life are starting to calm down as kids grow older and go to college or move out to their own spaces. At this point, all the square footage that was all under maximum usage in the previous phase of life can start becoming overwhelming. The need for that large space is now over, and it becomes unmanageable or simply unnecessary. With this new reality, the best solution is downsizing, mainly due to maintenance and livability. With several unutilized bedrooms and bathrooms, it becomes impractical to keep heating and cleaning. Finding a smaller home at this stage comes with less maintenance and fits your current lifestyle. All you need at this stage is a lovely large garden instead of a nice house that you can be tending to from time to time. Conclusively, it’s obvious that life never stands still. It’s always on the move, and so is your housing needs. Identifying the stage you’re currently in and where you’re headed can help save you a lot of time, energy and money in the long run. Work cited. https://www.meganmicco.com/blog/finding-a-home-for-yournext-stage-of-life/.

The Power Is Now Magazine | JUNE 2021

6303 BRIGADOON WAY SACRAMENTO, CA 95842-2807

$200,000

Property Information

Property DESCRIPTION

Address: 6303 Brigadoon Way, Sacramento, CA 95842

Nice townhouse located in a desirable location! Carpeting in bedrooms and laminate flooring in kitchen, living room & dining room. 2 bedrooms, 1 bath, 1 car detached garage. Dining room opens to a cute private patio! Short distance to restaurants, shopping, and freeway!

BOBBY E. LANGSTON

DRE#01933277 d: (707) 639-1061 DRE#02077274 5709 Mariconi Ave Ste L. Carmichael 95608 www.bobbyreinc.com

I’VE HEARD ABOUT

SEXUAL HARASSMENT

AT WORK... BUT I DIDN’T EXPECT IT

IN MY OWN APARTMENT. SO I FILED A COMPLAINT WITH HUD. If a landlord makes unwelcome sexual advances or if he threatens you with eviction or refuses to make repairs because you deny him sexual favors, he is violating the Fair Housing Act. Report sexual harassment and put a stop to it.

Fair Housing Is Your Right. Use It!

SCAN HERE FOR MORE INFO

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY) A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Briana Frazier

Here’s how to plan for the perfect patio

re you looking to create a beautiful patio that you will enjoy for many years to come? Or are you dreaming about dining under the stars in your own home? Or are you looking to improve your outdoor living experience significantly? All these can be achieved by creating a stunning patio at your home. But how do you do this, especially if you’re an amateur gardener? Remember, a patio isn’t just for beauty and display, but a place surrounded by vibrant hues where you can unwind, entertain, cookout, and take a break from the daily chaos. Some even argue that a meal made in an outdoor kitchen, to some extent, tastes better than what comes from its indoor counterpart. Let’s look at a few things you should consider if you’re planning for the perfect patio.

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1. Put it on paper. Putting your ideas on paper is something that applies to almost anything you’re putting a plan on. This is because it saves you a lot of time, energy, and potentially money, while in this case, it will go ahead to ensure you end up with a perfect patio. Planning your patio on paper first will allow you to see if your ideas are practical and give you room to change your mind and make any necessary adjustments before construction takes off. Planning your patio on paper first will also give you a chance to ensure that your new patio will work with the rest of your garden. You don’t want to construct a masterpiece that looks like it fell from the sky. So, put all your ideas, plans, and everything else on

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serve the best purpose. Moreover, it would be best if you also planned on taking advantage of any stunning views you have in your garden.

2. Determine your purpose. People construct masterpieces in their backyards for various reasons or rather functions. Some are aiming to spruce up their gardens to push the home’s value up, others may be wanting to use it as a dining room extension, while others are looking to create a usable space for friends and family to have an awesome outdoor experience. Whatever your main objective is, you should keep it in your mind as it will inform all of your decisions concerning the patio later on in the planning process. 3. Positioning. When planning for a perfect patio, think about the best position. Primarily, the main objective of your new patio should play a key role in determining where to position the patio in your home. For example, if you’re planning to use your patio as an outdoor dining area, it should be positioned near the kitchen. Alternatively, if you want to use your new patio as a lounge area, positioning it near the living room would 102

However, it’s also important to consider the size of your garden. You do not want your patio taking over your entire garden. 5. Hire a qualified professional. Lastly, if you’re an amateur in this particular field, a qualified professional gardener or contractor would come in handy. Using a qualified professional will ensure all the necessary groundworks and building works are well covered, ranging from the choice of materials, accounting for drainage and access, and styling it up. A qualified professional will turn your ideas into reality. Remember, a home is not complete with just the house and the interiors. Make your home complete with a perfect patio masterpiece in your garden. Works cited. https://www.housebeautiful.com/uk/garden/a1570/patiogarden/.

The Power Is Now Magazine | JUNE 2021

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1. paper and get the input of your friends and any experienced gardener if you want to end up with a perfect patio.

4. The size of your patio. The size of your upcoming patio is key whether you’re planning a cozy space for your small family to dine under the stars or recreational space for family and friends such as gettogethers. The size of your patio should also be determined by whether you hold large or small get-togethers. Although we are discouraging such events for now due to the pandemic, it’s important to plan for the future since the pandemic will not be here forever.

LISTED FOR $785,000 335 W Blue Jay Way, Ontario, CA 91762

Property Information:

A private oasis to call home that boasts a stunning entertainers yard, on a spacious corner lot. This is truly California living at its finest from interior luxury to exquisite outdoor living. The gated front entry welcomes you to a spacious courtyard with serene water features and covered entry walkway. The custom beveled glass front door leads you inside to a one level 4 bedroom and 2 bath living space that is highly upgraded throughout with custom windows, doors and Saltillo flooring. Briana Frazier

Direct: (951) 809-9077 Fax: (714) 908-7298 BRE License: 01751473 www.fraziergrouprealty.com

When it comes to housing,

little things shouldn’t make a difference.

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

By Adrian Bates

Ready to make the Bold Move? A-1 Realty is here to help you every step of the way

very month, tens of thousands of people travel into and out of Florida. Did you notice that in that number, we included moving out? Relocating to Florida is not for everybody. For every person who moves to the state, many of them return until they realize their decision to migrate was a mistake. The take-home point is that you should not jump into a decision to relocate to Florida. Whether or not to relocate to Florida is a decision that should be taken after you have spent some time understanding how the change would affect all aspects of your life. What is it like to live in Florida? Which city is

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perfect for retirement? You should be asking yourself many questions, and hopefully, this guide will help you answer some of the more pressing questions. Pros and Cons of Living in Florida No matter where you eventually end up moving in Florida, certain basic benefits and drawbacks extend to most of the state’s population. Take a moment to consider how these factors could affect your everyday life now and in five years. Can you, for example, withstand the heat? While such information can seem insignificant, they have a greater impact on the quality of life than you may expect.

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Pros of Florida Living

First, let’s discuss why you should relocate to Florida. Here are some advantages that Florida has. Are they sufficient to distinguish Florida from other states? • There is no state income tax, which is a major benefit. • Housing prices are lower than in many other parts of the country. • Take advantage of outdoor entertainment and world-class beaches. • There is no snow. Thus, it is warm all year. • Residents of Florida are entitled to discounts at well-known local attractions. • There are so many communities devoted solely to retirees and snowbirds.

So, why do so many people have high hopes for Florida but then leave a few years later? Perhaps it was one of these cons that they were no longer willing to put up with. Can you deal with the following? • Hurricanes, as well as excessive humidity and heat, have an impact. • The state is very flat, with no mountains or valleys. • The state has a higher proportion of visitors and part-time residents than other states. • The insurance costs are higher than in other parts of the country. • In Florida, the bugs are bigger, and there are a lot of alligators and snakes.

Buy or Rent A Home? People relocate to Florida for various reasons, the most popular of which are lifestyle, a slower-paced retirement, or a new snowbird home. If you are moving to Florida permanently or temporarily can influence whether you buy or rent a house. You’ll still need to determine whether you want a singlefamily home or a condo.

not for you, you will find yourself with a house that is valued less than what you paid for it when the time comes to sell.

Housing Market Tips Each Florida housing market fluctuates depending on how many people move in and out of the region at any given time. Wait until there is a slowdown in movers during the summer if you don’t want to overpay for a house. A knowledgeable real estate agent will assist you in identifying these opportunities.

Conclusion Are you looking to purchase a home? A-1 Realty will assist you in finding the home of your dreams by listening to and understanding your needs and desires. We will do our best to find the best home for you once we know what you want because no one can compromise on such a large purchase.

If you buy, ensure you’re ready to invest in the property for at least a few years. If you buy when the price is high but decide that living in Florida is

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Cons of Living in Florida

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If you decide to rent, be sure to understand your rights as a tenant in Florida. Understanding how the law protects you can help you understand what is or is not acceptable landlord behavior.

You can also watch the series on Facebook Live or our YouTube channel. Tune in today! References https://www.lifestorage.com/blog/moving/moving-to-florida/

The Power Is Now Magazine | JUNE 2021

By Success Money

How To Save Money For Down Payments

and Closing Costs on a New Home

Several people continuously seek to buy homes every year. The number increases when those who cannot afford the down payments are added. With these payments ranging between 3% 20% of the initial price and closing cost valuing at 2% - 5%, a lot of people are lost on how to save for it. These are the best tips that would maximize your savings before you even know it!

Employ the Services of a Certified Realtor Many people prefer to save money and cut costs by going through the stress of finding the perfect home themselves. While it is a plus, it is not www.tHEPOWERISNOW.com

always the best decision as hiring a realtor. A true professional knows the best neighborhoods for people with a certain budget, they are aware of the best deals that are not always advertised, they also know the best places to get a loan and can also make sure the process of buying is legit, to avoid frauds. The list of advantages of getting a realtor is endless and of truth, it reduces costs if you get stuck at a point. 123rf.com

Consider Cheaper Homes The real estate market is saturated and most homes have cut-throat prices. There are hidden gems in this market – less expensive houses but also of good value, and finding them would require the prospective home buyer to be extremely patient and thorough.

Live Frugally This one would be a problem for some people

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who are used to a certain standard of living, but it is one of the most effective ways to save. Reduce the amount spent on unnecessary things like fancy dates on weekends or splurging on expensive clothes because you were paid earlier in the day. Even the little ones like a monthly gym membership that can cost $50 would be totaling to $600 that can be put into the savings. Exercising at home or riding a bicycle are cheaper options. Reduce Your 401(k) Plan Saving for retirement from a young, working-age is a great decision, but if you intend to buy a house sooner than later, cutting down on how much to contribute to it monthly can go a long way for your savings. This is just for a while until you buy. Utilize a High-Yield Savings Account There are different interest rates when saving in a bank and it depends on your plan. The rates range between 4-15%p.a., depending on your account. When money is constantly saved in that account, the interest earned can grow and add up to a reasonable amount that can go into buying the house.

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Grow Your Streams Of Income This has to be the most important and effective way to save for a down payment. Having multiple things that you earn extra cash from can reduce the number of years you would have to save for a home. Are there skills or hobbies that you can monetize? Do you have the time for a part-time job? All these are great ways. Get creative in raking in the money. You can drive for a ride-sharing company, dropship, or freelance – the list is inexhaustible. Conclusion Saving money can seem like a daunting experience, but buying that home of your dreams is completely worth it. There are so many ways to save and whichever one you choose, be consistent with it. The effort is everything and you would forget all that when you finally have your new home. You can also watch the series on Facebook Live or our YouTube channel. Tune in today!

The Power Is Now Magazine | JUNE 2021

SEARCHING FOR YOUR HOME? 2 Victoria Falls Dr Rancho Mirage, CA, 92270

Offered at $600,000

Property Information Address: 2 Victoria Falls Dr Rancho Mirage, CA, 92270 Riverside County Bed/Bath: 3/2.10 Total Rooms: 8 Square Feet: 2600 Lot Size: 12197.00 sq ft

CALL ME FOR DETAILS: Success Money Broker | DRE#01800466 Direct: (833) 243-6863 E-mail: info@callsuccessmoney.com

Is religious discrimination keeping you out of the home of your dreams? SCAN HERE FOR MORE INFO

Housing discrimination based on any form of religion isn’t just unfair – it’s against the law. If you feel that you’ve been denied the sale, rental or financing of a home because of religion, race, color, national origin, sex, familial status or disability, report it to HUD or your local fair housing center.

Here are some possible signs of housing discrimination:

• “I’ll show you neighborhoods with mosques.” • “We only take people who speak English clearly.” • “You might be more comfortable living elsewhere.”

Fair Housing Is Your Right. Use It. Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

By Joe L. Fisher

The Pros and Cons of VA Homeownership for veterans

he demand for VA home loans has recently been on the rise as many service members faced with tough credit and down payment requirements choose VA loans as their suitable home financing option. We cannot hide or deny the extreme attractiveness of VA loans, especially for veterans. In 2020, the number of military members who took advantage of the VA loan programs was reported to have expanded rapidly. According to Forbes, more VA-backed loans originated in 2020 than in the two previous fiscal years combined, totaling more than 1.2 million loans.

Pros of VA home loans. To begin with, VA-backed or VA home loans require no down payment. This means that eligible borrowers can borrow as much as the lender is willing to give without putting a penny down. How does this happen? When the VA backs a loan, it means they insure a part of the loan. This means that in case you default, the VA covers the portion they had insured. This gives lenders more confidence, and in return, they’re able to offer more favorable terms such as no down payment to eligible borrowers.

However, as with any loan option or anything else in this world, VA home loans have their pros and cons. It’s just part of the game. It’s best that you remain aware of these pros and cons if you’re to make an informed decision. Let’s have a look.

VA home loans also require no private mortgage insurance (PMI) from eligible borrowers. This is simply because the Department of Veteran Affairs or VA insures home loans to eligible veteran borrowers. Normally, PMI is required for

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conventional borrowers who are not in a position to put down at least 20%. For conventional borrowers who afford to put down 20% or more, or those with a 20% equity in their homes, PMI is not required. Requiring no down payment and no PMI, the VA home loans come with significant benefits to eligible military borrowers. Additionally, VA home loans offer two refinance options that can help eligible veteran home buyers reduce their monthly payments or get cash back from their equity. The first one is the Interest Rate Reduction Refinance Loan (IRRRL), which is designed for home buyers with existing VA loans. The second one is the VA CashOut Refinance which allows existing VA and non-VA homeowners to refinance their mortgages and get cash at closing to pay down debt or cater for other expenses and needs. Another advantage of VA home loans is that they are flexible with bankruptcy and foreclosures. Typically, bankruptcy and foreclosures can crush one’s credit score and overall financial health. However, bankruptcy and foreclosure don’t automatically disqualify a borrower from getting a VA loan. After being declared bankrupt or having experienced a foreclosure, you’re required to wait for two years to be eligible for a VA home loan. Lastly, on the pros of VA loans, there is no prepayment penalty. Yes. You can fully settle your VA loan early with no worry of attracting any prepayment penalties. This is unlike other conventional loans. VA Home loan cons. First, VA home loans or programs are not for everyone. The program is a loan one must earn, and this makes it extremely rare to acquire compared to other loan options. VA home loan programs are only eligible to service members, including veterans, active service duty members, and those serving in a National Guard or Reserve who have served or are serving in the US military. 120

The programs are also eligible to surviving spouses of veterans, the spouses of veterans who are missing in action, or those held as prisoners of war. Besides these, the veteran or the spouse must meet the basic service requirements set by the VA, have a valid Certificate of Eligibility (COE), and meet the lender’s credit and income requirements. Secondly, all VA home loans come with a mandatory VA Funding Fee, which is meant to help keep the VA home loan program alive for future generations and goes directly to the agency. However, eligible borrowers with service-connected disabilities are an exception. The fee is something that you’ll not find in other conventional loans, although it’s for a good cause. Moreover, VA home loan programs are only designed for primary residences. This means that you can’t use a VA loan to buy your second home or investment property. Service members who qualify for the loan have to certify that they intend to personally occupy the property as a primary residence and the VA gives the eligible borrowers a “reasonable time” of up to 60 days from the closing date to occupy the home. Lastly, some home sellers are never open to the idea of accepting offers from VAbacked borrowers. However, this majorly has a lot to do with some of the myths and misconceptions surrounding VA loans. Some people rumor that VA loans have too much government red tape, while others believe that VA loans take forever to close, which are all false statements. With both sides of the coin now shown to you, you’re in a better position to make an informed decision. It’s time to live the American dream of homeownership. Work cited. https://www.veteransunited.com/valoans/va-loanpros-and-cons/

The Power Is Now Magazine | JUNE 2021

THIS PROPERTY WILL NOT LAST! 8900 Briery Branch Dayton, VA, 22821 Rockingham County

Offered at $115,000

Property Information

CALL ME FOR DETAILS:

Bed/Bath: 2/2.00 Total Rooms: 7 Square Feet: 1311 Year: 1987 Lot Size: 6534.00 sq ft

Joe L. Fisher DRE#01070856 Direct: (510) 236-8204 E-mail: jlfisher180@yahoo.com www.jfisherrealtors.com