Rental spotlight

written by: Joe Pace 10/31

Happy Halloween everyone! I plan to take time every week or so to point out a few rental properties we manage that have vacancies. We have been getting quite a few calls and visits to these properties so there is no guarantee that they will still be available when you find this, but I will post them just in case they are.


#1 3859 Riviera Dr. San Diego, Ca 92109 $3200 per month (Pacific Beach)

This is a well maintained nicely sized, single level, downstairs 4 bedroom 2 bathroom unit that is just across the street from mission bay. It has peek bay views from the front facing rooms and balcony. The Unit has a fireplace, nice sized kitchen, Den, Livingroom, Balcony, on-site Laundry, storage room for bikes and beach equipment, and 4 off street parking spaces with alley access.


#2 Greene st. San Diego, CA 92107 (Ocean Beach) $2495 per month

Call for Address, in order to provide a quiet atmosphere for the tenants in the rear house we ask that you call first and provide your information, before we release the address. 858-454-3841

This is a convienantly located 3 bedroom 2 bath house, with onsite laundry hook-ups, 1 car garage plus off street parking. It also has a front and side patio areas. This house allows pets for additional rent and security deposit. It is only a few blocks from Beaches, parks, shopping, and Freeways.


On all Rental Properties we ask that you call our rental line which has all current vacancies along with their availability, and leave a message. I will gat back with you as soon as possible to schedule a showing.
rental line: 858-454-3841

Lending Difficulties, and what should you do now?

As I am sure you are well aware there is a massive credit crunch going on nationally that is making things more difficult for the real estate industry. I am going to take a few moments to analyse how these recent developments could affect you and what steps you should be taking now to prepare for where you want to be. The most common difficulty that is affecting my clients currently is the lack of lender's that are still processing or offering "No Doc", or "Low Doc", and "stated income" loans. We never knew how good we had it, it wasn't too long ago that it was pretty easy in securing financing as long as our clients had great credit and the means to make the payments. It couldn't last forever, now because of several abuses of this convenient way of financing, through several phases of the lending spectrum, lender's are tightening or even eliminating these programs. It has also been observed that lender's are basically discouraging these loans by making the interest rate, down payment, and other factors much harder to achieve. Self employed clients of mine are also having to jump through more hoops in order to get a desirable loan, in some cases I am getting reports that lender's are requiring 5 years of self employment history, it used to be 2 years. Most Brokers that I have spoken with are claiming that this is very similar to the lending standards that were in place about 10 years ago and that they believe this should be the case for at least another year. To top it all off, jumbo loans (anything currently above $417,000) are getting to become obsolete as well. So is this "Doom and Gloom" for everyone except the top 10% in income? In my opinion, it is definitely harder but it isn't impossible. I think it is now more important than ever to be working hand in hand with a qualified Mortgage Broker when securing financing. This will allow them to find more than one source for loans and possibly a solution for the goal you are trying to achieve in the best way possible. Now more than ever a sizable down payment, good credit, and small debt to income ratio are essential to get the best financing. If these pieces are missing, it's imperative to have a plan in place to achieve these goals. All over the US people are taking advantage of the Buyer's market and at some point in the near future we could be saying as we have said before, "I wish I would've bought when it was a buyer's market". I can't tell you how many times I have heard that over the past 5 years. Even if you feel that your current situation doesn't bode well for getting a desirable loan, contact me so that we can get your file setup appropriately, and set realistic goals that are time efficient. The hope in doing this would be to put yourself in the best buying opportunity and position while the market allows for this.

Contact me today,
Joe Pace
858-454-1123

New Baby

Baby Noah Pace

Born: October 20, 2007

Weight: 9lbs. 1oz.


Well, this is my first attempt at a new blog that I have started to try and have a 24/7 connection with my clients. This is where I hope to frequently update about new and interesting things that are unique about my life. Hopefully it will also allow me to learn more about my clients and friends as well.

So I recently had my fourth child. He was a surprise baby and we couldn't be more happy now that he is here. First of all he was born completely natural and healthy and everything checked out OK. We were concerned because our last child, Olivia, initially failed the Biliruben test when she was born and we were stuck in the hospital for 6 days until she finally passed. Noah was born with the same blood type as me which is different than Jenny's. Fortunately Noah did not have the same reaction and we were cleared to go home within 24hrs. Now that he is home he is doing great as of today 10/27/07 his remnants of the umbilical chord is barely hanging on. He reminds me of my first Child Anthony, he is very strong and is constantly moving, he can move around pretty good already so you have to hold him securely. The biggest difference so far is he is much chunkier, he is our heaviest baby by far. Well, this is the first of many posts to come and if you should need any real estate / property management advise or help be sure to email me: joe@internet-realty.com or call me at my office 858-454-1123