Home Buyer’s Guide – Things to Consider When Buying a Loft, Condo or House

What to Expect When Buying a Home —  Housing Market Forecast Fall 2017 Edition

How to buy a loft, condo or house for less money:  The new Fall 2017 Home Buyer’s Guide has just arrived.  #homebuyer #guide

Buying a Loft in Downtown Los Angeles
Buying a Loft in Downtown Los Angeles
  • 4 REASONS TO BUY A HOME THIS FALL!

WHAT’S HAPPENING IN THE HOUSING MARKET?

  • BUYING IS NOW 33.1% CHEAPER THAN RENTING IN THE US
  • IS YOUR FIRST HOME WITHIN YOUR GRASP?
  • Home Prices Over The Last Year
  • BUYING A HOME? CONSIDER COST, NOT JUST PRICE

WHAT YOU NEED TO KNOW BEFORE YOU BUY

  • 5 REASONS HOMEOWNERSHIP IS A GOOD FINANCIAL INVESTMENT
  • HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER
  • STARTING TO LOOK FOR A HOME? WHAT YOU WANT VS. WHAT YOU NEED
  • 2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING
  • YOU CAN SAVE FOR A DOWN PAYMENT FASTER THAN YOU THINK
  • WHY PRE-APPROVAL SHOULD BE YOUR FIRST STEP

WHAT TO EXPECT WHEN BUYING A HOME

  • GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?
  • HAVE YOU PUT ASIDE ENOUGH FOR CLOSING COSTS?
  • READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
Home Buyers Guide Fall 2017 Buying a Home
Home Buyers Guide Fall 2017 Buying a Home

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.  Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will …  |  To continue reading, request a free copy of the Fall 2017 Home Buyer’s Guide. Fill out the form below:

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Downtown L.A. Home Buyer Guide
Downtown L.A. Home Buyer Guide

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Positive Cash Flow Income Properties from $39,000 – How to Get More For Less

While most Downtown LA homes are now selling at a negative cash flow, some investors are getting 6.6% to 56.6% Cash on Cash Return on America’s best turn-key investment income properties starting around $39,000.

This is really good news for Downtown and LA area prospective home buyers who are looking for good investments that they don’t need to live in. Many renters enjoy their lifestyle in Downtown, or sometimes highly mobile lifestyles, and they would like to own a property and possibly be a landlord of a rental property that can bring retirement income.

While Downtown LA lofts and condos have been superior investments for several years, not everyone can afford $400,000 to $800,000 or more to buy a property.  Also, the rents are no longer keeping pace with monthly mortgage, HOA and other expenses in the Los Angeles area.  For those who need an immediate positive cash flow, getting more a lot more money than paying out monthly, Los Angeles may not be the best place to invest in the current market.  There are other parts of the country that can possibly offer a better, much faster return on investment.  But how can someone in Southern California find, buy, repair, market and manage a property that is 2,000 miles away?

The best answer to the cash flow, repair/maintenance and property management questions may be turn-key tenant-in-pace investment income properties that have already been picked out by an experienced professional who has purchased hundreds of profitable bargain properties, already rehabilitated the properties, already hired proven reliable property managers, and has even already moved qualified renters into the homes. Imagine that — just about everything has already been done! Now a regular person can simply buy a bargain property and start receiving monthly rental checks from the management company.  If you think that sounds efficient, you are not the only one. Justin W. just closed on his income property a few days ago.  More are available. Check these out:

income-properties-02

To get a free report on these low-cost, positive cash flow turn-key properties, get a free report. Fill out the online form:

How well do these properties perform for the owners? How does it all work?  Happy investment home owners can say it best.  Here’s Justin’s story:

Corey did an awesome job, not only helping me end up with my first investment property, but also in helping me understand real estate investment in general.

We started by looking at lofts in Los Angeles and I wasn’t quite sure yet how I wanted to invest, but Corey was very patient with me. We looked at various lofts in Atwater Village, South Pasadena and downtown. At the end of the day, I decided that the prices for me at this time are too high in Los Angeles, so Corey introduced me to his friend, Alan, who helps people get investment properties all over the country that are connected to excellent property management companies, and have a relatively low price to buy and a high demand for rent. After some conversations with Alan and looking at a few spreadsheets he’d prepared about various properties around the country, I decided to take a look at some of them for myself.

On a cold morning in Detroit, I met Alan for breakfast and we headed out the suburbs of Detroit to look at some properties. They were all solid investments, mostly between 50-60k to buy, with rents between 7 to 900 per month, providing instant positive cash flow. We also met a representative from the property management company and he quickly put my mind at ease, running through their process for things like repairs, autopay, and filling vacancies. He said the only time they generally have trouble with tenants is when th owner gets too involved. All the tenants seemed happy and heard working, mostly young families. Wanting to be as hands off in that department as possible (due to distance and work schedule), I was happy to hear that they are proactive I that department. They also stay on top of repairs. Alan advised me to just go ahead and approve repairs right away. There’s no sense in trying to skimp or haggle with that sort of stuff. In the long run its better to be proactive with repairs, keep the property looking good and up to date, and the tenants happy.

After I returned home, I considered my options and settled on a nice, sturdy three bedroom on a quiet suburban street in Roseville, MI.

Alan was able to help me find a lender and facilitate the sale. In the time the property was in escrow, the place was rented to a family who I’m told love the place and have a newborn baby for more than I had been anticipating in my calculations. The property is already more profitable than I thought.

I couldn’t be happier with how the whole experience has gone.

Ultimately, this is the moral of the story. I told Corey what I wanted to achieve in terms of an investment (I wanted a low risk, low maintanence, positive cash flow investment in my budget), and he pointed me in the right direction and helped that dream become a reality. I was considering any number of terrible, high risk investments before I met Corey, and who knows what I would have done to myself. Alan was also instrumental in my education as well, having been in the real estate world for many years learning through trial and error. My hat is off to the both of you and I couldn’t be more greatful.

— Justin W.

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Get more info on American’s best turn-key income properties at https://laloft.wufoo.com/forms/m70zadb0n958wg or call Corey at (213) 880-9910.

It’s been exciting to help million dollar buyers and sellers in Downtown Los Angeles. Today, I’m even more excited to help people turn small investments into immediate positive cash flow with infinite returns.

corey-ritz-dtla-eHi I’m Corey Chambers. You know me as the Downtown Los Angeles real estate professional, publisher of the LA Loft Blog and the SoCal Home Blog. Overall, nothing beats the Southern California lifestyle, and that is why Southern California real estate has been a great investment for many decades. My most recent client is very happy with their purchase of an amazing penthouse level loft with lots of windows and light in the most creative neighborhood in the world, the Arts District of Downtown Los Angeles. Congratulations to them!! But, the fact is that most potential real estate investors do not have $700,000 to $900,000 cash to buy an Arts District loft.

Today, we are helping clients build property wealth one property at a time. We’re are a real estate investment network that provides training, consulting and support. We help our clients by identifying properties where we’re buying real estate right. We’re maximizing cash flow. We’re leveraging where possible and using rental income to pay the debt down. The ultimate goal is free and clear ownership of income-producing properties. We have rental homes that are fixed up, professionally managed and rented out for $800 a month — priced at about $40,000. We have multi-family properties with astounding cash flow but most important in this whole process is that when you’re ready to invest, you contact us for a free no-obligation consultation where we can customize an investment plan that is a specific fit to your goals. Get a free report by calling our 24-hour recorded hotline 1-800-791-4541 ID#8087 or online at www.CoreyChambers.us

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

 

DISCLAIMER: This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in states where registration is required prior to any offer being made or in any other jurisdiction where prohibited by law. The L.A. Loft Blog is referring potential buyers only and does not represent buyers or sellers in any capacity on out-of-state real property transactions. Real estate ownership involves risks which buyer assumes. It is your duty to do your own due diligence. Read all documents and agreements before signing anything. It is your duty to consult with your own legal financial and tax advisers regarding any real property transaction. Out of state property transactions are not represented by a California real estate broker and the L.A. Loft Blog does not create market sell or refer anyone to securities offerings.

 

Pocket Listings in Glassell Park – Single Family Homes For Sale Near Downtown Los Angeles

Glassell Park Pocket ListingAs prices in Downtown Los Angeles settle firmly in the high range, many prospective Downtown loft buyers are instead deciding to seek out single family homes in the brisk markets of the surrounding neighborhoods that have not yet risen to their full potential.

The popular nearby neighborhoods include Glassell Park, Echo Park, Silver Lake, Highland Park, Elysian Valley, Lincoln Heights, South L.A., Westlake, Koreatown, Pico Union and Boyle Heights.

Glassell Park House

These neighborhoods are very hot markets right now, with most properties recently selling above asking price.  It’s getting tougher to find a bargain without getting outbid by another buyer.  One solution is to find nice properties that are not listed to the public, so that a low offer can be placed without being immediately outbid by another buyer.

This pocket listing will be hitting the MLS a week from Thursday, but the L.A. Loft Blog is giving you a chance to see it first. Here are some camera phone photos that the owner shot, so you can get a basic idea, but it will be professionally photographed and then list to the public to create a higher price for the seller.  Experts agree that buyers can get an advantage and lower price when seeing and negotiating a property before it is listed on the MLS and before the general public has a chance to drive up the price with multiple offers:

For Sale3 BD/2.5 BA
2,150 sq ft./7,078 lot
Modern, built in 2007
Big views from the living room and master bedroom
Amazing roof-top deck with 360 degree views.
Tons of volume, with very high ceilings
Perched up high above the street
2 car, detached garage

Price: $875,000

CALL COREY FOR DETAILS 213-880-9910

Find Out What The Home Down The Street Sold For!

FREE List Of Recent Home Sales And Active Listings In Your Area

glassell-park-pocket-02-7-2Knowing what homes have sold for in your area, and how active listings are priced, is very important information when the time comes to put your home on the market.  This information will give you a good idea of what your home might sell for if you were to put it up for sale in today’s market.

This is critical information that you must have weeks before you put your home up for sale.

To receive a detailed listing of all recent home sales and all active listings in your area, visit SoCalSoldPrice.com or fill out the online form:

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

ASCENDING ORDER (low to high)    |    DESCENDING ORDER (high to low)


Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.