Huge Kitchen! Granite counters, Wood/Gas fireplace.
Step Down Living Room!
Huge ceilings.
Imported Italian Tiles throughout House.
Master bedroom:Marble tile floors continuing into master bathroom.
Large Open shower. Separate Bath. Two independent Granite top vanities.
Second bathroom: Tiled with Marble. 2 Sink Vanity. Shower/tub.
Half Bath Off Kitchen.
Laundry room: Brand new, Side by Side washer/dryer. Utility Sink.

Central AC/Heat:
Two Thermostats. Two AC and Furnace units.
One Thermostat, regulates 4 bedrooms 2 Full Baths. Separately.
One Thermostat, regulates the Main House, Living room, Dining room, Large Kitchen, Laundry and Half Bath. Separately.

Roof: Excellent condition, Cement Tile.
Backyard: 5 ft. Surrounding wall with impressive Mountain Views.
Garage:Attached - 2 Car

18,000 gal. Heated Pool with Spa.
Totally Private! A Must!

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Judgment Recovery Business -
It's Your Money! Let us Help you get it...
You'll be more disappointed by the things you didn't do, then by the things you did do!
If you, The Plaintiff have been Awarded a Judgment and did not Collect, for what ever reason! Richard and Associate will Locate the Defendant and Collect the awarded Judgment, at no cost to you! The Plaintiff.

Note:Publicly awarded Judgment information required to get our Blood Hounds Sniffing!
Amount of Judgment.
Court and Court Address.
Case Number.
Judgment date.
Defendant Full Name(s).
Address and Phone number.

An "Assignment of Judgement" will be Submitted to you for Signature!
Notarized, Dated and Filed with the Court. Including a Private, Percentage Split Contract.

We only take Small Claim Cases $3000 to $7500
Civil Cases $7,600 to Unlimited Amounts!
All Cases are Private, Big or Small.
It's that Simple!

Contact Richard to cover what is For Sale or For Lease and review your Options.
Best, Richard Howard Stein

Email:richard@richardhowardstein.com
Email:richard@richardproperties.com
310 893-6739 Fax to Email
310-729-9887
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"Investment Tips"

Contact Richard Howard Stein to Review your Listing and Buying Options!

Riverside and Los Angeles Counties

Only Serious Buyers and Sellers, Please
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Regarding Short Sales. In 2013 all Home Owners will receive a 1099 for the difference.
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LIEN SEARCH
The City Utility Dept. has the right to impose Liens on Properties for delinquent payments.
Some Cities are not required to record Liens with the County.
Many Title Companies are not conduction "unrecorded" lien Searches on Properties before closing and Liens such as water, sewer services and code enforcement fines are not being disclosed to Buyers.
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Income Property:5 units or less. Is Considered Residential.
Numerous Law Suits have been Filed "After" Investors have Purchased Residential Income Properties
"5 Units or Less" Finding the Property was not Zoned for the use stated on the Current City record and or Purchase Agreement created by the Real Estate Agent.

TIP: The Original recorded zoning code, supersedes the current Zoning code on file.
CHECK THIS BY REQUESTING STATUS FOR A POTENTIAL BLDG. PERMIT FOR THE PROPERTY IN QUESTION.
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Remodeling in L.A  - Look for Visible remodeled areas and check if Building permits were pulled.
www.ladbs.org
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Income Property Flip:1031 Exchange
If planning to use the proceeds of another sale to buy a property through a Section 1031 tax deferred exchange we have the Best recommendation
for a "1031" Exchange Expert "Qualified Intermediary". Up to date with all the current rules and regulations.
The Firm has Successfully Completed Nationally from 1990 to date over 140,000 Section 1031 exchanges.
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Title insurance: We have the Best Title Officers to help you be aware of the two different basic types of title insurance: CLTA and ALTA coverage.
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Documentary Transfer Taxes: We have the Best Escrow Officers that will help you with the Documentary Transfer Taxes.
Know the Current price per $1,000 of equity conveyed.
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Pricing Income Property:CAP-Capitalization Rate

To understand the value of an Income Property, Investors use the C.A.P. Rate.
The CAP Rate is the ratio between the Purchase Price of an Income Property and the First year Net Operating Income (N.O.I) of the same property.
C.A.M - Common Area Maintenance, Includes the Property tax, Common Area maintenance, Water.
G.S.I - Gross Schedule Income. The Rent.
N.O.I - Net Operation Income. After all Expenses.

Example:
Simply Divide the (Purchase Price) by the first year N.O.I.
$500,000 purchase price.
Subtract the C.A.M from the G.S.I to arrive with the N.O.I
N.O.I $66,000
CAP Rate. (7.575)
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Pricing Income Property:G.R.M-Gross Rent Multiplier
To understand the value of an Income Property, Investors use the G.R.M
Note: The G.R.M does not consider the 1. Vacancy and credit losses. 2. Tax impacts on income properties. 3. Operating expenses. 4. Financing terms.

Example:
Simply divide the Purchase Price by the first year potential Rental Income.
Purchase Price $500,000
Potential Rental Income: $72,000
G.R.M (6.944)
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Business Contacts
LOS ANGELES COUNTY - Remodeling and Building:
Los Angeles County. Building & Safety
CLICK www.ladbs.org
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DESERT: To obtain a "D.B.A" Doing Business As! Fictitious Business Name!
Indio - Court Recorder 760-863-7490
CLICK www.riversideacr.com
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STATE OF CA. Board of Equalization:
800-400-7115 www.boe.ca.gov
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FEDERAL
Federal Tax I.D No. 800-829-1040
Franchise Tax Board - Income Tax Payers automated line. 800-852-5711
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Selling and Buying a California Eatery and or Restaurant

LAW:
Know! Food Handling Employees, all took tests!
After Handling Equipment, Utensils, Packaging, Phones, Registers, Money, Cleaning! etc. the Employees are required
to Put on Fresh Plastic Gloves, prior to Handling Food Products. They do not bother and now you know, they know the Law!

Note: TELL THE EMPLOYEE!  "CHANGE YOUR CLOVES PRIOR TO HANDLING FOOD."

Owners and On-Site Managers are required to take an 8 hour "Food Safety course.
Note: The Food Safety Manager(s), are to be"On site" at all times, supervising restaurant, market, eatery, self serve yogurt shop, etc.
To become a Licensed Food Safety Manager.
www.fda.gov/default.htm  - 818-548-3080

Tip:
If You see this! Do Not eat it!
Note: Employees naturally Spit out Saliva while Talking! If you see anyone taking over the Food you are planing to eat!  Do not eat it! Just Leave!

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Real Estate in the Santa Monica area is more then double the Price for Desert Properties:

House - Low-priced Property - 1-bedroom, 1-bath $546,500.

House - High-priced property - 7 Bed, 5.5-bath. $7,450,000.

352 condo sales in 2011

GOOD LUCK