Congratulations! Frank L. for picking up this renovated Duplex Rental Income Property in a great neighborhood near the water for $138,500 #incomeproperties
While the Arts District might be the best long-term investment, we must face the fact that most of us do not have $700,000 to buy a loft in this very hip neighborhood, only to be upside down for several years. Many need to make a much smaller investment and receive an immediate positive cash flow monthly. #realestateinvestments
One thing that our team hears frequently is that home buyers and investors wish they could go back in time to 2012 to buy a home at the bottom of the market when prices were unusually low. While we don’t know how to physically go back in time without expending all of the energy in the solar system, there are some amazing things that most home buyers don’t know about getting an amazing investment at a very low cost with very high returns. The fantastic news is that we can still get both. Frank’s investment by the Southern Shore Yacht Club combines the magic of yesteryear’s low real estate prices with the rich rental income returns of today!
While some neighborhoods were very early to shoot up in price, a few popular areas of the U.S. still have home prices that are surprisingly low compared to the high rental rates, providing immediate positive cash flows and superior return on investment fast. These deals are getting very rare, and they absolutely will not last. Details can be found at www.RentalIncomeHomes.com
Airbnb experiences bring the most profit for investors and landlords. #airbnb #losangeles
The LA Loft Blog provides an up-to-date breakdown of the best ways to make a profit with short term rentals on Airbnb. This post includes 3 real case studies of Airbnb rentals in the Greater Los Angeles Area including Downtown, Beach Cities and Big Bear, starting with the most profitable and ending with the biggest loser. Airbnb is generally used to find guests to stay in rooms or entire homes for several days to several weeks, or sometimes just one day, usually less than 6 months. The most profitable homes on Airbnb tend to be the short-term rentals that offer the most “experience,” that is a special feeling of fun, excitement or enjoyment from unique attributes such as decor, architecture, furnishings, location and amenities of the short-term rental. Those near tourist areas, theme parks, beaches, snow skiing, lakes, rivers and entertainment venues have the most profit potential.
Popular attractive furnishings, dishes, appliances, games with professional cleaning and maintenance are key to happy guests and maximum price. Investors should check to make sure local hotel prices are rising and not dropping.
Before listing a home on Airbnb, landlords and investors must be aware of the local ordinances and homeowners association rules that govern what homeowners may and may not do with short-term rentals. Most cities and municipalities have laws regarding hotels and hotel taxes. At a minimum, investors and other homeowners with homes listed in Airbnb must collect and pay hotel taxes to the city in which the short-term rental is located. Some localities may not allow short-term rentals under 6 months at all. Most condominiums are not suitable for short-term rentals because the CC&R rules normally specify that condo unit owners may not do short-term rentals at all, and all lease must be for at least 6-months. Additionally, each resident must in most cases coordinate their move-in with the HOA homeowners association manager and pay a move-in fee.
To make a tidy profit, the investor must have or hire someone with skills and experience in local real estate, interior design, hotel management and marketing. The property must be obtained for a cost that will be substantially lower expense than the income that the rental will attract. It must be near public transportation if in the city or provide convenient parking if not.
The “bnb” in Airbnb stands for bed and breakfast, which means that the owner is there helping, conversing and sometimes even cooking for the guests. In many cities, the owner must be staying in the residence with the guests or else the short-term rental is illegal and may face big fines. Owners should have sufficient insurance and take steps to prevent disasters such as wild parties.
Some renters try to sub-rent their leased loft to Airbnb, but this is usually not allowed under most lease agreements. They usually specify that the unit can not be sub-leased or sub-rented at all without the property owner’s permission. Because of these rules, it is hard to find Downtown lofts on Airbnb. When one is found, there is a good chance that the person who listed it is breaking a HOA rule or violating a lease agreement. That being said, there are some buildings, HOAs and owners who are more or less likely to enforce these rules. The LA Loft blog often receives word on which buildings are enforcing and which buildings are Airbnb havens.
Here are the three recent real-life Airbnb scenarios, and what made them make or lose money, in order of profitability:
Teddy Bear’s Cabin in Big Bear – This super profitable modern luxury log home garners $500 to $1,000 per night. It is a nice, big cabin with modern kitchen and bath, romantic fireplace in the master bedroom, lots of games and videos, and walkable to the lake. Up to $15,000 per month makes this a super-profitable Airbnb rental.
My Little Paris in Los Angeles – This brick loft is booked up for the next 6 weeks at $135 per night. That is over $4,000 per month for a loft that normally rents long term for around $2,400 per month. That brings a tidy profit for the owner who is lucky enough to get away with it.
Rancho Palos Verdes house – A traditional large home just a few blocks from the beach was purchased for the purpose of offering short-term rentals on Airbnb, but the RPV community cracked down big time and outlawed short term rentals in residential homes. The investor is struggling to pay their $10,000 per month mortgage, and bleeding cash.
Get a list of the best Los Angeles homes for short-term rentals on Airbnb. Fill out the online form:
Real estate is easily one of the best investments for the new year. It’s the biggest and most important investment made by the average American. #top10 #investments #2017
With its dramatic renaissance and renewal, Downtown Los Angeles leads the pack in ROI potential with 5.7% average annual increase in property values last year, more than 100% increase in value over the last 5 years, and billions in new and upcoming public infrastructure and private investment. Here’s a list of the top 5 best Downtown real estate investments, followed by the other types of investments that are booming with a bright future:
While Downtown lofts are among the best, there are other great investments to think about as well. The L.A. Loft Blog wants home buyers to have really excellent long-term financial outlook. In addition to owning an amazing loft, investors can own a property with a much faster positive cash flow, excellent cash-on-cash return. Request a free list of investment homes across the USA under $50,000. Get free information. Fill out the online form:
While real estate is perhaps the most legit investment that is not totally rigged by Wall Street, other types of investments are taking off and appear ready to explode in 2017. Some of them require a lot less dough and are easy and fun:
Wouldn’t it be nice to own a profitable income property that is already fixed up, with tenants in place and proven property managers taking care of everything? It can be as easy as buying a property and then receiving monthly checks without all of the hassles of being a landlord. #rentalincome #investment
Today’s True Tale of Two Real Estate Markets:
The L.A. Loft Blog has prepared images that visually show today’s difference between negative cash flows in some areas such as Downtown Los Angeles to make it easy to compare the positive cash flows of some other neighborhoods across the U.SA. Take a look at the current real estate market. Compare all of the Los Angeles negative cash flow properties in red with the select nationwide neighborhoods positive cash flow properties in green. While most Los Angeles homes are now selling at a negative cash flow, the story is very different in other places across the United States as some investors are getting 6.6% to 56.6% Cash on Cash Return on America’s smartest turn-key investment income properties starting around $39,000. They are in neighborhoods where the property purchase prices are still relatively cheap, but the rents are high because the neighborhoods are popular with many renters moving into them.
We’ve got great news for Downtown and LA area prospective home buyers who want good investments that they can rent out. Many 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, but they don’t want all of the hassles. They want passive income that is perfect for retirement and a more comfortable lifestyle.
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 loft. 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 (receiving 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 are very different markets, and can possibly offer a better, much faster return on investment. But how can someone in Southern California find, buy, repair, advertise 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 you don’t have to be a real estate expert to 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., a busy film producer, just closed on his income property a few months ago. More are available. Check these out:
Get the free information on these low-cost, positive cash flow turn-key properties. Request 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.
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.
Hi 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
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.
The best investments can be elusive without the right properties to compare, contrast and differentiate the various Downtown LA buildings and condo units. To help out, here are the LA Loft Blog picks of this week’s top properties based on investment potential, popularity and overall desirability:
5. El Dorado Building 416 Spring St #606 – Call for price and details (213) 880-9910
4. Rowan Building 460 S Spring St #1113 – Call for price and details (213) 880-9910
These and all Downtown loft and condo properties may have potential issues that prospective buyers should be aware of, such as lawsuits, litigation, future loss of parking, pollution, construction defects, new construction neighborhood noise, nearby homeless, crime in neighboring communities and increasing traffic. Before looking at properties, get the details on lawsuits and litigation first.
Get the Downtown Top Ten list free with property details and photos. Fill out the online form:
The foreclosure crisis transformed America into a market of renters and rent collectors. The share of single family homes used as rental properties has surged to a 30-year high. Only 65 percent of homes purchased in 2015 are owner-occupied. A recent report by Bloomberg shows how it is easier to be a landlord now than it has ever been in the history of the U.S.
The share of U.S. households that rent is at its highest level since 1965. Downtowners can take full advantage of the situation by renting a nice loft in the most exciting neighborhood on Earth, while at the same time buying a positive cash flow rental income investment property for as little as $33,000 that already has a property manager and tenants.
And they’re renting some nice lofts in Downtown LA:
Several amazing deals on rental income properties for sale under $50,000 with positive cash flows are available that have already been refurbished, property managers hired, and renter tenants already been in place. Get a free list of these positive cash-flow investment properties. MORE | REQUEST
Tens of thousands are flocking to Downtown LA because it provides the most efficient lifestyle with the coolest lofts for sale and for lease with open space, big windows, lots of natural light, and walkable to coffee, restaurants, shopping, entertainment and transportation.
The best apartments, lofts and condos for lease in Downtown LA are often not listed on the internet. Get VIP access to these unadvertised bargains. Fill out the online form:
For decades, Downtown Los Angeles was the dark center of L.A. But today, after more than $10 billion of new investment and renovation, the glimmering luster of DTLA is once again shining through. The revitalization of Downtown is a powerful reminder that we can truly accomplish anything, as we are only limited by our own motivation. We are empowered by our ability to believe. This article will also reveal how to place that motivation into action with lessons on how to make a billion dollars in real estate.
Downtown is the place to do it: The new Los Angeles Metro rail system, along with the new home-building power of the Los Angeles Adaptive Re-Use Ordinance, gave a huge boost of momentum to Downtown’s rebirth. Downtown has also benefited from taking advantage of the nationwide trend toward urbanization.
Along with ambitious plans, hard work and determination, thousands of fortunate, brave and savvy Downtown homeowners have recently gained hundreds of thousands of dollars of equity due to their foresight and willingness to take risks. Downtown has doubled in size since 2000. The amazing opportunities have just begun.
Now that the Downtown real estate has stabilized with a massive infrastructural boost behind it, recent annual home price gains have also been stable at 8% per year for the last two years. Fortune continues to favor the bold while the nay-sayers lose out and the scaredy-cats are getting left in the dust.
Because homeowners are doing so well with their Downtown real estate investments, it’s difficult to find bargains these days. But they do exist! Investors and would-be Downtowners can get a free list of Downtown distressed properties at http://www.DowntownLAForeclosures.com. Home buyers can also take out some of the risk with a Buyer Savings Guarantee, or Downtown buyers can reduce the risk on the investment with the Love Your Loft Guarantee. Home sellers and buyers can find out what the loft down the street sold for at www.LALoftPrice.com.
Creativity has long been the key to making the most of Downtown during hard times, and creativity is also the key to capitalizing on its current boom. Artists have for decades turned ugly, nearly abandoned buildings into beautiful live-work spaces using artistry and ingenuity instead of cash. The L.A. Loft Blog recently proclaimed that Downtown Los Angeles has made the transition from economical barrio to luxury neighborhood. Now that the gravy train has arrived (and unfortunately pushed out many starving artists), Downtown is gaining a more wealthy crowd of creatives. The next steps and next opportunities in Downtown are to complete the transition by transforming the remaining poverty-stricken parts of Downtown (namely Skid Row), maximizing the opportunities and adding lots of polish to the new creation.
Forbes Magazine revealed 4 lessons in a magazine article entitled “How to Make a Billion Dollars in Real Estate.” Lesson #1 is “Go Where the Money Is.” Forbes has joined the smart crowd in realizing that Downtown Los Angeles is the ideal place to launch and succeed in our most ambitious endeavors. Business Insider has bestowed upon us not one, not four, but 25 Billion-Dollar trends.
Get a list of the best Downtown investments and nationwide real estate income opportunities. Fill out the online form:
Your Downtown Loft or Condo Sold GUARANTEED or I’ll Buy It*
*seller and Corey must agree on price and time of possession.