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TIM PASKEN AND RYAN NICKELL

REALTOR | ATTORNEY | INVESTOR TEAM

An attorney, realtor, and fanatical investor team, we have personal experience and specialize in 1031 exchanges, secondary dwelling unit construction/conversion/legalization/rental, fix-and-flips, and buy-and-holds. We also look for any opportunity to assist prior and current military personnel with buying or selling their home. As real estate entrepreneurs, investors, and Realtors, we value serving our clients, discovering their needs and tastes and working hard to find what they are seeking in the hot Silicon Valley market.   Through leveraging our full-time marketing, design, and creative team, we have exceeded seller's expectations every time, netting them exceedingly over list price. We truly enjoy real estate and love giving value to our clients.   Our passion and specialty is helping people live a Silicon Valley homeowner lifestyle without bearing the full costs of Silicon Valley home ownership.  Always striving to build and maintain long-term relationships with our clients long after the purchase or sale of a home, clients have praised our team on our instant accessibility and prompt responses to each client's concerns and needs.  Always exceeding above and beyond our clients' expectations with our knowledge, energy, and integrity.

We first caught the investing bug in the mid-2000's but began investing in earnest in late-2011. Since that time, we've completed a variety of fix-and-flips on properties from small distressed SFRs to luxury manors, multiple 1031 exchanges, and have navigated the permitting process in several cities. Whether working with the planning and building departments of various South Bay cities or sharing our experiences via vetted contacts and contractors, we love helping others find, purchase, rehab, rent, and, ultimately, sell homes with fantastic investment potential.   We draw on our experiences around the world interacting with multiple cultures and real estate entrepreneurship to actively seek out the Silicon Valley real estate investment opportunities for our clients.  We're also passionate about leveraging our extensive experience with successful buy-and-hold and short-term investments to help others who seek to produce income through Silicon Valley residential real estate.  We believe savvy investment in – and improvement of – targeted Silicon Valley properties provide untapped opportunities for Silicon Valley residents to earn reliable passive income from their properties (significantly lowering their effective cost of living) and, alternately, for investors to cash flow properties as they appreciate.   Whether focusing on 1031 exchanges, short term fix-and-flips, or long term buy-and-holds, we have the resources, personal experience, and, most importantly, the team to help navigate this residential investment market, and we look forward to working with you.

Getting Ready

Veterans and the military community share in a rich history of homeownership.
Generation after generation has embraced a deep-rooted desire to secure a piece of the American Dream they fought to protect.
Owning a home can provide an unbeatable sense of security, comfort and financial stability. But no one can tell you that you’re ready to start this journey. This is one of the biggest financial transactions you’ll ever make. The right time to begin is when you’re financially and emotionally prepared. Part of the preparation is recognizing that owning a home can come with both benefits and challenges.

Let’s take a closer look at some of each:
•    You can purchase up to $1.5M using your VA benefits
•    If you are underway or deployed, you can still purchase a home for your family
•    You can still qualify for a home after bankruptcy, short sale, or foreclosure
•    If you are a widower you may qualify to use your spouses' VA loan benefits
•    You can close a VA loan in less than 30 days

Benefits of Homeownership
Here’s a look at five big benefits of homeownership:
You have payment stability: Homeowners no longer have to worry about a landlord hiking the rent next year or the year after. With a fixed-rate mortgage, your principal and interest payment won’t change during the term of your loan. For many buyers, that’s 30 years of stability.

Your property can build equity: You own a little more of your home with every mortgage payment you make. That ownership stake is known as equity. Over time, you can look to leverage that equity, either by borrowing against it or by hopefully realizing a solid return when it comes time to sell. Homeownership can be a great financial investment depending on your specific goals and situation.
You’re free to change décor and landscaping: Is your daughter in desperate need of bubblegum-pink walls? Want to start a backyard garden? Homeowners have the freedom to alter a space without a landlord’s approval. That personal touch can help make a house a home.
Your credit can improve with homeownership: Owning a home can also unlock future credit opportunities. Banks and credit card issuers can favor those who own a home, which is why it’s common to see “Do you rent or own a home?” on credit and loan applications. Securing a home loan is no small feat. Making your payments on time can help boost your credit score and show other creditors out there that you’re a good bet.

You can accrue tax advantages through homeownership: You may be able to receive a tax deduction for your property taxes, mortgage insurance expenses and other costs associated with homeownership. It’s always best to consult with a tax professional.

Challenges of Homeownership
The VA loan program does a tremendous job helping ensure veterans can truly afford the homes they purchase. In fact, this no-down payment program has an exceptionally low foreclosure rate.
Still, there are no guarantees. Job loss, family changes and scores of other things can affect your financial health. The mortgage still needs to be paid.

Take a careful look at some of the potential challenges of buying a home before jumping into the process.
New monthly expenses: Your monthly mortgage payment will typically cover your principal and interest on the loan, along with a portion of your annual property tax and homeowners insurance bills. You’ll often see it expressed as PITI (principal, interest, taxes, insurance). The principal and interest portions won’t change on a fixed-rate mortgage. But property taxes and homeowners insurance premiums can change annually. In addition, you might encounter an array of new expenses you didn’t have as a renter, from water and trash bills to unexpected repairs.

You are responsible for maintenance: As a homeowner, you won’t have to haggle with a landlord over repairs or improvements. But that also means you’re responsible for paying for them. If the washing machine breaks or the septic system backs up, you’re on the hook for repairs. There’s also regular maintenance and upkeep to prevent those unexpected problems. Homeowners often budget about 1 percent of their home’s value each year for maintenance and repair costs. That’s $8,000 on an $800,000 home.
Relocation may be more difficult as a homeowner: Renters can wait for a lease to end, and active duty military members can actually break them without penalty in certain situations. But veterans and military homeowners on the move aren’t allowed to walk away from a mortgage, at least without facing some steep credit and financial consequences. Most homeowners must sell or rent out their homes. You should also keep in mind that there are costs associated with selling your home.

Default does happen: No one expects to lose a job, go through a divorce or face a medical problem. For whatever the reason, failing to stay current on your mortgage payments can take a significant toll on your credit. Late payments, loan modifications and foreclosure can crush your financial profile.

When it comes to buying a home, just be honest with yourself about the potential risks given your own personal and financial circumstances. If the future is a bit cloudy, now may not be the right time to pursue a home purchase.

The goal is sustainable, responsible homeownership. Few things are more rewarding.