How to change title on a home house in Riverside County

HOW TO ADD TO TITLE / TRANSFERRING TITLE IN RIVERSIDE COUNTY, CA

Let's say you own a house and you want to add someone to title on this house or transfer the title to someone else's name.

Note: unless this is a transfer between parent and child, your home will be reassessed and you might end up paying more property taxes! (or less ... but probably more)

You have to do two things:

1) Fill out a grant deed form. In "legal description" you must put the assessor #/parcel #/lot #.

2) Fill out a preliminary change of ownership form.

3) If transfer is between parent & child, fill out the reassessment exclusion.

File these with the County Clerk Recorder of Riverside County, pay the Change of Ownership fee (currently $20) and you are done!

The Coming of the 2nd great real estate bubble - (price comparison and other interesting facts)

The coming of the 2nd great real estate bubble

Beginning in 2007, real estate prices plunged 2-5 times to hit the absolute rock bottom. The market was dead. Selling a house was next to impossible. Properties valued at $250k during the bubble heyday went for $30-$40k.

Nobody would believe you if you told them in 2005 this would happen. Some people knew it would go down at some point, but very few, certainly not those investing, expected a drop of that magnitude. Furthermore, nobody would believe you in 2009 that only four short years later, the situation would repeat itself! Amazingly, in 2013, the situation again is almost identical to 2005 - prices of sub-100k properties nearly doubling in a year and continuing the trend.

Sampling a few properties sold in 2004 in High Desert - an area in Southern California known as a hotbed for real estate investment activity - we can see that the price per square foot hovered somewhere in the range of $75 - $95, the average being around $85. However, some sold for much more:

http://www.redfin.com/CA/Victorville/12812-Yellowstone-Ave-92395/home/3774688

bought in 2004 for 175 (145/sq foot), sold in 2005 for 278 (an amazing $231/sq foot)

As of March 2013, the prices are close to $85/sq foot as well:

http://www.zillow.com/homedetails/16476-Sycamore-St-Hesperia-CA-92345/17450093_zpid/ - $80

http://www.zillow.com/homedetails/19091-Goleta-St-Hesperia-CA-92345/17446951_zpid/ - $87

Many properties are above 90/sq foot.

What does this mean? This means that as of March 2013 - the prices (unadjusted for inflation) are close to the 2004 levels!

This means that just 6 years after the worst real estate crash in the US history, we are back in the same situation. 

This also means that a crash is coming. The question is, when. If we look back, we can say that the bubble went mainly from 2002 - 2007, a span of 5 years. This current bubble started June 2011. We are now about 2 years into it. Will this bubble also last 5 years? If so, the crash should occur in summer 2018. 

The problem is, bubbles are not on a timer and don't last the same amount of time every time. This current crash can occur at ANY TIME. So, anyone currently buying a home is putting themselves at a severe risk of getting caught up in the bubble. Crashes happen fast. Houses are not stocks - they take time to sell. Once you are in a crash, you, most likely, will not have time to unload the real estate you own. 

Is the risk of buying real estate now worth it? That is up to you, the investor, to decide.

Serge Bronstein

March 2013

Recruiters suck

Suggestion for companies

if you want to hire qualified technical personnel, I would suggest not using outside recruiters. You will not get good quality engineers that way. A company employee with specific knowledge regarding the company they work for and the technical specifics of the position with a direct email, ie someone@company.com, would have a much higher probability of hiring someone qualified. It's really not that hard to post a job on dice/indeed/CL and review applicants. This is the way successful companies like Google and Apple do it.

I have direct knowledge of the HR industry because I actually created a technical job search website - http://www.acetiger.com

Just my 3cents.

Useful financial links

1. http://www.bloomberg.com/archive/news/ - Bloomberg News Archive, add date as follows to get that  days news. http://www.bloomberg.com/archive/news/2013-03-15/
2. http://online.wsj.com/mdc/public/page/mdc_us_stocks.html?mod=mdc_topnav_2_3021 - wall street journal market data center
3. http://finance.yahoo.com/gainers?e=o - yahoo finance gainers
4. http://www.jagoinvestor.com/2010/04/understanding-different-commissions-on-mutual-funds.html - commissions paid on various mutual funds

Is there a purpose to anything in the universe?

I still cannot understand the grand purpose of the fact that anything exists or why things are the way they are. for example, whether this planet or even our galaxy exists makes virtually no difference in the large scheme of things. so then why is it here? could it be then that the world at large has no particular purpose. then that means human life doesn't have any particular purpose either and achievements don't really matter. i've always thought everything has to have some sort of reason or purpose but that might be wrong. in 10-20-30 billion years, when this planet falls apart from cosmic forces, will "anyone" even know it was here? there could've been planets/civilizations like our for eons of years and we don't know about them. these questions will never have an answer.

Do the 1% really have it handed to them?

its funny to see a lot of ppl complain about not having money, about how 1% has everything, how other ppl were more privileged than them

its the same ppl who, when young, say - i don't care about money, i will major in art, life is not about how much u make, its about happiness, same ppl that drank all weekend at bars and cared about being cool and having lots of friends and frowning upon nerds

while other ppl stayed in, studied, worked their butts off, got degrees, went to medical school, made websites, movies, SAVED MONEY, etc and now these people are quote unquote privileged and have it handed to them on a silver platter .... oh how ironic

What NOT to do when you invest in Real Estate

Real Estate investing can be done two ways - correctly, and incorrectly. Most people, unfortunately, choose the latter.

Jerry Buss, the late owner of the Los Angeles Lakers, amassed a great fortune in real estate, enough so that he was able to buy the LA Lakers and the Kings in the 80's.

Many people jump into real estate without knowing the basics. Big mistake.
Firstly, there is a thing called "return on investment" or "ROI". It is the money you make divided by the money you invested. Let's say you invested $10,000 and get $500 return annually on it. Your ROI is 500/10000 or 5%. Not bad, already beat inflation.

Secondly, caprate. Caprate in real estate is defined as rent you receive divided by the cash price of the purchase. If you buy a house for $100k and receive $1,000 a month in rent, your caprate is $1,000 * 12 (months) / $100,000 = 12%. That is a solid caprate. Not all caprates are 12%, however, most apartment buildings hover in the 5-6% rate.

Financing: it is better to finance properties than to pay cash for them. Why? For one, you can get more houses for your money. When you finance at 20% down, you can get about 4 times more houses than if you paid cash. For 100k houses - you can buy 1 house cash or 4 houses financed at 20k each. However, to qualify for financing, you have to have taxable income and you have to find a good lender. 90% of lenders are a pain in the butt to work with.

Serge Bronstein
Sebron Real Estate Investments

If you are interested in investing with us, please contact us at "sebron.solutions [at] gmail.com"

 Buy the Sebron Guide to Real Estate Investing for only $29.95
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Biggest problem with today's movies

i have figured out the PROBLEM with most movies. The PROBLEM is that:
** story is impossible to follow and makes no sense - viewer is lost **
most movies - you don't know what the hell is going on, or why. someone is doing something - but why - you don't know. difficult to follow. prime example: inception. impossible to follow. some car driving some ppl in hotel. why, what are they doing? who knows. nobody. 

a good movie has a clear sequential story. one thing happens after another and it makes sense. example - titanic. ppl get on ship, ship sails, hits iceberg. sequential. one thing after another that makes sense. u always know whats going on and why. 

indiana jones movies - first 3 - good sequential story. they escape by plane, fall into jungle, get in village, go look for stones, get inside palace - one thing after another that makes sense. it's believable.