investors | buying investment property in san francisco

If you?re thinking of buying investment property, you need to know that new legislation and ordinances may significantly impact how you occupy it. To get started, you might want to go the handy links section of the website which is investor specific. You will find the website address for the San Francisco Residential Rent Control Board where you can get information and download the latest copies of the Rules and Regulations and Rent Ordinance.

All my investor clients get a thorough explanation of how the occupancy of a building affects its value. They also learn what to expect in terms of owner occupancy. Both pieces of information are available in an article I?ve written entitled ?Owner Occupied vs. Tenant Occupied.? To review this article, please hit the hyperlink.

Beginning the process of looking for an investment is similar to starting the search in buying a home. You need to figure out what you can afford, where you want to buy, and what is important in your purchase and identify target neighborhoods. To learn more about the different districts of San Francisco and what they have to offer, you can check out my neighborhoods section.

Prior to going to open houses, you should have an idea of what to look for when viewing a property, to view a piece on wrote on this topic, click on the hyperlink, ?Viewing Properties?.

The article called ?Getting Started With Financing.? will give you a handy checklist of how to get started with financing and the options available. Down payment requirements are usually higher in investment property than residential owner occupied property, for example, for a 1-4 unit tenant occupied building, you may need 25 percent down, and in 5 units and above, 30 percent and above is needed and building income plays a significant part on what is required. Also, the types of financing may be more limited in an investment scenario.

To get the scoop on what is available to you, find out what you can afford by talking with a mortgage broker or lender; it very well could affect what type of property you purchase. I am happy to provide referrals to mortgage brokers, so let me know if you would like me to pass some names along to you.

To learn about what I do for my buyer clients, please hit the following hyperlink to review ?Professional Services to Expect from Eric Castongia for Buyers of Residential Real Estate?. I would like the opportunity to earn your business.