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Santa Barbara California real estate Article Summaries

Negotiating real estate deals to win-win
By: Charles Warnock
: If you’ve spent some time on homekeys.net, you probably noticed we generally don’t carry a torch for tradition or conv... terms. You may be reluctant to give up after all the time you’ve invested in the buying or selling process, but emotion...

The Real Estate Bubble Fallacy
By: Michael Setz
: There has been a lot of talk lately about the "Real Estate Bubble", and a lot of folks are asking the question: "When ... foreclosures and fix and flips, to buy and hold and everything in between. Right now the commercial space is relatively...

Investors - Look For The Real Estate Sweet Spots
By: Mark Walters
: A politician once proclaimed, "All politics is local!" The same is true for real estate. If you live in Southern Calif... have proven that you can make money in any real estate market… sweet or not.If you are an investor living in the Midwes...

Real Estate Remains A Strong Investment
By: W. Troy Swezey
: Opportunities to make big, quick profits in residential real estate tend to come and go in cycles. When a local marke... can help you and your family decide on what you can afford. Once you’ve determined a price and picked your desired com...

How Can the Average Person Build Wealth in Real Estate?
By: Dan Auito
: Books on real estate are a dime a dozen—and most focus on taking advantage of someone else’s misfortune. They frequent... insight into the many financing alternatives available. The author describes insider tricks of the trade for first-time...


Featured Article

Fraud in real estate, are you being victimized? - Part I

Willard Michlin

Rip off artists appear in all shapes and sexes. They usually are nice looking, well dressed and very smooth talkers. They, in conversation, tell you about a financial killing they made, or are in the middle of closing. Then they change the subject. A really smooth talker never asks or suggests you invest. They wait until you beg and plead with them to let you in on their great deal. At this point you are HAD. That means, " your goose is cooked and you are invited to the feast, because you are the main course." The logical question is how do you know, before you lose your money that you are going to be ripped off? The answer is independent research, and lots of it.

Find a friend, a friend's friend who is an "expert" in the specific field you are thinking of investing. Ask lots of questions and listen to him. Ask him or her how to make sure you are protected. In the years, 1990 to 1995, eight people I know paid the same real estate trainer over $5,000 each to show them how to buy real estate for "NO MONEY DOWN." The trainer claimed she got results. Not one of the students, all of who got to know each other, after years of trying, ever bought a property for "No Money Down."

Recently the same trainer is offering to get her students 100% financing on real estate, even with bad credit. The MARK (the name for a con artist's pigeon) thinks he is paying for an education. The education is that you are $5,000 poorer and you have the name of a loan company that will charge you 8.5% on a 1st Mtg. and 11% on a 2nd mtg. I will tell you how to find such a lender yourself and it will only cost you a phone call.

See an attorney or an accountant to review the deal, especially the paperwork. I have seen contracts that if you just read it yourself, word for word and thought about what it said you would run like a wolf is chasing you. He is. One simple real estate contract allowed the con man to take the money out of the joint account before he did the repair work. He took the money and never did any work. Never release money until you have everyone's signature on the paperwork and your adviser has read the whole contract, word for word. If you cannot afford an attorney, do not do the deal. It is better to not make a profit than to loose what you already have. "A fool and his money are soon parted." Don't be the fool.

Get to know this person. Who are his friends? Who does he work with? What does the real estate commissioner or the "Better Business Bureau." Have on him? Ask for the names of people who have already invested with the "con artist", made their profit, and are out of the deal. Do not ask a person who has gotten in but hasn't gotten out. Multilevel people love to have you talk to people that have just gotten into the group, just before you.

One of smoothest people around was a securities investment adviser in Santa Barbara. He got hundreds of people to invest with him because hundreds of people had already invested with him. None of them did the level of homework they should have. The few people, who did do independent research, smelled a rat and didn't invest. Many of his investors have lost their whole life's savings; the rest just lost a lot of money, but will recover. If you think I am trying to scare you, then you are absolutely right. "Money should come in rapidly and be spent very slowly." See "Fraud in Real Estate - part II"



About the Author

Willard Michlin is an Investor, Business Broker, California Real Estate Broker, Accountant, Financial Distress Consultant, Well known Public speaker and Administrative/Business Consultant. He can be contacted at his Ventura, California office by calling 805-529-9854 or by e-mail at kismetrei@earthlink.net See other article by Willard at http://www.kismetgroup.com
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Santa Barbara California real estate Resources
Check below for additional Santa Barbara California real estate Links and Information

Montecito Real Estate - Santa Barbara Real Estate - Maurie McGuire
Montecito real estate agent; Maurie McGuire helps people buy and sell California homes in Montecito; Santa Barbara County; Hope Ranch; Oak Creek Canyon and surrounding areas.

Santa Barbara Real Estate - Joanne Sizemore; Montecito Real Estate - Joanne Sizemore
Santa Barbara real estate; listings; Santa Barbara; California; homes for sale. Your Santa Barbara California real estate resource center; find mls listings; condos and homes for sale in Santa Barbara California. Montecito estates; Santa Barbara...

Prinz; Roy - Coldwell Banker
focused on Santa Barbara and the surrounding communities; including luxury homes in southern California. Provides current listings; market trends; and community information. California - Santa Barbara - Real Estate Agents - Residential

Santa Barbara; California - Real Estate; Homes; Property; Commercial
... the city of. Santa Barbara; California. real estate homes land relocation community directory ... invites you to explore Santa Barbara; California real estate. If you are ...

Santa Barbara Real Estate; photos and local links; homes and condominiums for sale
Santa Barbara Real Estate information including real estate listings; photos; neighborhoods; pricing; and other links. Contact Kevin Young or Berni Bernstein for more information.

Imp; Cheryl - Coldwell Banker
local listings and information. California - Santa Barbara - Real Estate Agents - Residential

Santa Barbara Real Estate - Santa Barbara California
Santa Barbara Real Estate - Santa Barbara California Real Estate Listings

Phipps; Rhonda Keller - Coldwell Banker
property listings area; database and more. California - Santa Barbara - Real Estate Agents - Residential

Jo Ann Mermis
Everything you need to know about buying or selling a home can be found here on my Web site! As the preeminent real estate professional in my community; I am dedicated to providing the finest service available while breaking new ground.

Santa Barbara Real Estate - House - Sleeps: 6
... Deck showing partial view - Santa Barbara; California Real Estate ... Living room into dining room off deck - Santa Barbara; California Real Estate ...

Santa Barbara Real Estate Agents; Santa Barbara Homes For Sale; REALTORS and Santa Barbara
... Mortgage Center. Neighborhoods. Santa Barbara California Real Estate ... HomeGain provides Santa Barbara; California real estate information and resources to guide homeowners and ...

Santa Barbara - Ventura County; California real estate resources. Search for homes for sale in Santa Barbara; ...
Santa Barbara - Ventura County; California real estate resources. Search for homes for sale in Santa Barbara; Montecito and Hope Ranch. Search multiple real estate databases.

Real Estate Agents Index - Choose Your Santa Barbara; California Real Estate Agent Type
Find real estate agents in Santa Barbara; California in the Real Estate Agents Index - Agents Index.com.- <meta http-equiv=

Kathleen Barnato - Prudential California Realty
real estate and homes in the Santa Barbara and Montecito areas. California - Santa Barbara - Real Estate Agents - Residential

Santa Barbara; California Real Estate by Kathleen Barnato Whitcraft (805) 563-7208 Real estate EZ Commerce
Santa Barbara; California Real Estate by Kathleen Barnato Whitcraft (805) 563-7208. Santa Barbara real estate; California resources. Search for homes for sale in Santa Barbara; Montecito; Hope Ranch and Goleta. Real estate

Santa Barbara Homes for Sale. Real Estate in Santa Barbara; California
Find the Santa Barbara; California Homes for Sale that you're looking for on homes.com. Search our website to locate your Homes for Sale in Santa Barbara; California.

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