August 26th, 2006 . by Mike Kelly
A TIC is the abbreviation for “Tenants In Common”. This is a way to hold an investment property with many other investors. The IRS recently allowed investors to “exchange” into a TIC. Your position is one of many investors, at different levels of equity ownership, who own a larger property than they could afford by individually investing. We will be discussing with Brad Hensley.., Read the rest of this entry »
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August 18th, 2006 . by Mike Kelly
As a Realtor here in Sonoma County for 28+ years the interesting thing about this “slump” or “market correction” ( I won’t use the “B” word-as is Bubble or Bursting!) is the huge amount of vacant listings. We have over 3200 listings currently on the market in Sonoma County (Single Family detached and condos) and some 1100 are now vacant. Throw in another 250 of “tenant occupied” and you’ve got a prime case of major profit taking. Read the rest of this entry »
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August 18th, 2006 . by Mike Kelly
In for the ever smiling Pete Phillippe of Countrywide Home Loans will be Rich Colenzo also of Countrywide Home Loans. Rich has expertise in more “complicated” properties and properties where a “jumbo” loan is needed. By this I mean properties with large acreage, septic systems, wells, mutal water, springs, vineyards, etc. He is a Sr. Home Loan Consultant and his numbers are: 800-675-9778, Direct local: 707-521-4419, Cell:707-888-2523 and Fax: 568-1321. You can email Rich at: Richard_Colenzo@Countrywide.com.
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August 15th, 2006 . by Mike Kelly
This is my initial post and since I’m new to blogging I’m going to spell out what it is I wish to accomplish by having this “blog”. As you might well know I have a weekly real estate show called, are you ready? “The Real Estate Show”. Catchy huh! I am live and on the air every Sunday morning, 9 to 10am, on 1350AM, KSRO Newstalk radio. The station calls itself the “Voice of Sonoma County” and I refer to myself as the “Voice of Sonoma County Real Estate”. So logically the tag line is: “The voice of Sonoma County Real Estate on the voice of Sonoma County”.
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