Today’s a great day to put in a bit of thought and make some progress in your L.A. home search, real estate investment, home sale or lease. Get free help or information about any Downtown rental or condo. Call (213) 880-9910.
#dtla #millsact Here’s the lowest priced loft condo in an historic building with Mills Act tax benefits. It’s in the nice, clean part of Downtown LA between the Historic Core, Old Bank and Civic Center Neighborhoods of DTLA:
Could You Usa an Extra $800 per month? America’s Best Income Properties
Real easy income — Do you have enough passive income and assets to meet all of your financial needs, retirement and life goals? You don’t need to have ton of dough or lots of time to be a great, successful landlord. These nation-wide income properties have already been fixed up, property managers hired and tenants in place. They generate around $800 per month or more and start under $50,000:
Get a free list of properties and report on getting high cash-on-cash return from America’s best turn-key investment income properties from $33,000. Fill out my online form:
America’s Best Investor Homes For Sale Might Not Be in Downtown LA
It’s been exciting to help million dollar buyers and sellers in Downtown Los Angeles. Today, I’m just as excited to help people turn small investments into immediate positive cash flow with infinite returns.
From L.A. Lofts to Infinite Income:
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’re helping clients build property wealth one property at a time. We 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 Washington Post just reported that overpricing a home by a can be a costly mistake for a seller. The article states that putting the right price tag on a home right out of the gate gives the seller the best opportunity to maximize the return on investment because the excitement of a new listing attracts the peak number of buyers within a week. Sellers who start with a price that is too high can be missing the best opportunity to gain the attention of the largest number of buyers. This often results in a longer selling time and lower price.
Many sellers don’t realize that home buyers are comparison shopping. Just like car buyers, the home buyers focus on the homes that they feel represent the best value. Most home buyers are reluctant to place an offer on overpriced homes. They eliminate them before they get to the showing process.
After about 30 days on the market, the listing is then considered to be stale. Buyers and agents will be begin to suspect that the property could have something major wrong with it, or that the seller is not serious about selling the property. #lofts #prices
A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money. Get a copy of the free report at www.SellerMistake.com.
It’s rare for investors to find a loft in Downtown Los Angeles that already has a good tenant in place to pay for the mortgage. Some new lofts are coming to DTLA, and some of them already have tenants who have been living happily for years, and don’t care to move.
This special arrangement can be made as a potential future pocket listing for investors who would love to own some of the most desirable lofts with high ceilings, lots of windows and light, and some of the best views in Downtown Los Angeles.
Because a happy tenant is already in place, the new landlord will not need to find a tenant, screen applicants, show the property to rental prospects etc. The investor will already find that has been taken care of.
Get a free report on investments in Downtown new lofts with tenants in place. Fill out the online form:
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 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.
Get a free list more investment property around Downtown Los Angeles with descriptions and photos. Fill out the online form:
Distress Sales/Bank Foreclosures Hotlist
Get your copy by completing the form on this page.
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up.
If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.
Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
Prospective Downtown LA residents and investors need quick ways to know which properties for sale are the best investments and more desirable place to live. Some of these bargains are created by some type of seller distress such as uncooperative tenants, or the seller simply does not want to disturb the tenants. That causes reduced ability to show, and thus ordinary home shoppers go away, and only savvy and sophisticated buyers take part in these deals that often sell for a lower price. As some of the largest lofts and condos with best views in Downtown, here are this week’s L.A. Loft Blog Fab Five Top Properties in Downtown residential real estate: 1. Downtown Highrise Condo 2-bedroom, 2-bathroom with panoramic views, $675,000 800 W 1st St, Downtown Los Angeles –
5. Little Tokyo double loft pocket listing, sold as a set that includes 2 bedrooms, 2-bathrooms, 1,400 square feet, balcony and 2 parking. $399,000 each. This deal is not listed anywhere, and most buyers and real estate agents do not know about it. Pocket Listings
Get more top properties in your email free. Fill out my online form.
Most homebuyers are unaware of the fact that home loan regulations have changed significantly over the last few years, giving you greater options than ever. In fact, subtle changes in the way you approach shopping for your home loan, and even small differences in the way you structure your home loan, can cost or save you literally thousands of dollars and years of expense.
A new report has just been released which identifies the 6 most common and costly mistakes that almost all homebuyers make when buying a home.
Get the free report entitled Home Buyers 6 Costly Mistakes to Avoid Before Buying a Home. The Free Report reveals how to save thousands of dollars and years of expense. Free recorded message 1-800-791-4541 ID# 1004
Did you get your $50,000 in 2014? Downtown LA Home Values Rise Again. Time to Stop Paying Rent?
Michael and I have an Alta loft that has gained tremendously over the past several years. I want you to enjoy the same benefits of knowing that your financial situation is more stable, and your net worth is growing. For the average person, the home is the largest investment in life.
Renters in Downtown paid an average of around $24,000 on rent in 2014. Virtually all of them would have gained big financially if they had purchased instead of renting. Millions of moderate income earners were priced out of the market last year, and millions more will likely be priced out next year. Interest rates are still unusually now, giving buyers a discount of hundreds per month on payments. That is not expected to continue for a long time. That’s why many renters should stop renting sooner rather than later before rising prices and rising interest rates price them also out of the market.
Luxury Loft Boom
Hot Market for Downtown Luxury Lofts in Los Angeles
50 Downtown luxury lofts above the $775,000 mark sold in the 2nd half of 2014. Get the FREE Luxury Recent Sales Report, plus a certificate for $2,000 off closing costs.
While hot markets are seller’s markets, with buyers racing and scrambling to make the deal, licensees representing sellers, and sellers themselves have plenty of reason to sweat as well. Fielding multiple offers, evaluating offers for their merit and ability to close, and overcoming appraisal hurdles are just a few of the challenges of representing sellers in a hot market.
In a hot market, sellers may receive multiple offers, even within the first few hours or days of having their home on the market. In evaluating offers, the following factors should be considered:
Net sales price (sales price minus any closing costs, including commissions and credits)
Buyer’s financing (amount of down payment, type of financing (conventional, FHA, VA)
Contingencies (home inspection, appraisal, financing, HOA review, sale of home)
Earnest money deposit and type (e.g., promissory note vs. check)
Will the property appraise for the agreed-upon sales price?
Looking at these factors individually and as a whole will help sellers identify the best offers. Get the Top 50 Luxury Loft List – FREE Luxury Recent Sales Report, along with a certificate for $3,000 off closing costs. Fill out my online form.
L.A. Loft Blog, 816 S Broadway, Los Angeles, CA 90014
*Guaranteed home sale by end of listing term at price agreeable to seller – details at LoftSoldForSure.com. The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449
How Many Amazing Downtown LA Lofts Will You Miss?
Pocket Listings Provide Plenty of Places to Purchase
How would you like an amazing Downtown Los Angeles loft that more than gains $100,000 in equity in 2 years? How would you like to lose an amazing L.A. loft that could have been a life-changing home and investment? Many of my clients and I have enjoyed experiences closer to the first story, the happy story. At the same time, I have had to see some others experience the second story, the less happy story. What makes the difference between the happy loft story and the not-so-happy story? Of course anyone with $10,000,000 has lots of options. For the rest of us, the most powerful free resource for buyers is knowledge and access to more properties, more information about the properties, and more knowledge about the Downtown loft market.
As more and more buyers try to purchase lofts in Downtown, we are hearing more and more sad stories of buyers who have already been priced out of the market, who wish they would have purchased in 2011 when most were either to broke or too scared to buy a property. Many others have placed offers on a nice loft, only to be outbid or outmaneuvered by another buyer. They lose their dream loft. Still other buyers have searched for a long time, and when they finally placed their offer on the same day of the listing date, the agent completed the paperwork and got it back to them that night. The offer got to the seller the very next morning, but the seller had already accepted another offer. They had seen that happen once before. The best lofts seem to be sold sometimes before they are listed. Are many of the best lofts and condos selling instantly when they are listed or even earlier? This is not our imagination. Many of the best lofts really are sold before they are listed, or shortly thereafter. This is called a “pocket listing.” It is actually a type of unlisted property that is not on the internet and most real estate agents do not have access to them. Some buyers get priority information and privileged access to the pocket listings before they are listed. These lucky and/or smart buyers are called VIP buyers.
One happy buyer — we will call him Jeff Mason to protect his privacy — just sent me an email thanking me for helping him to buy a loft that more than doubled in value in two years, along with a comp listings showing a similar loft that just sold for more than twice what he paid for his loft. How did Jeff do it? Jeff was a VIP buyer.
Another buyer — we will call him Robert Gallagher — was able to place an offer on a resale Barker Block for thousands less than other Barker Block lofts. With only 10% down, he was able to go into escrow with the most desirable loft unit in Downtown with resort-level amenities, low HOA dues, in the coolest neighborhood in the world. He was able to see the property before it was listed on the MLS. How was Robert able to do it? Robert had already lost one unit before. He is a quick learner, and he found out how to become a VIP buyer for free. That’s right!! Believe it or not, it cost him nothing to gain access to these pocket listings, as well ask listings of all agents, including foreclosures, REO, bank owned properties, short sales, distressed properties and raw lofts. Robert got access to the largest number of pocket listings and other unlisted properties. At no cost, Robert joined the VIP buyer program to gain access to the pocket listings. Robert was notified by email and text about a pocket listing in the prized Barker Block building. Robert hear about the property before it was listed to the public, and this time he was the one who was able to see the unit before it was listed, and place an offer before the other buyers were able to. Rob learned how to go from being the guy who watched other buyers steal his dream loft, and even though he only has 10% down, he is now the VIP buyer who was able to buy a dream loft before other buyers ever knew it existed. This time, it was the other buyers who missed out, not Robert.
The biggest secret in Downtown is pocket listings and other unlisted properties. Knowing about unlisted properties is the first step. There are many other advantages that buyers absolutely need in order to get maximum advantage. Buyers need access to the largest number of foreclosures, bank owned, company owned, REO, short sales, fixers, raw lofts and other distressed properties from all agents. To get the lowest price, the buyer should also use a Downtown specialist agent who knows what lofts in the building sold for less than 30 days ago, before it gets listed on the MLS. Downtown buyers need to access boldest, most powerful strategies that are required to help the average buyer beat out wealthy international cash buyers who are trying to buy the same unit. Using an out-of-area agent is just not worth it. It is simply not worth it to use an agent who does not have access to the very largest number of pocket listings and unlisted properties in Downtown. To get every advantage, Buyer’s absolutely must join the VIP buyer’s program to work with the buyer’s agent team with the largest number of pocket listings in Downtown.
Prices have risen. The number of buyers has increased. The number of easy bargains has decreased. The average buyer today is getting crushed by wealthy investors, cash buyers, and VIP buyers who are buying the property before the average buyer sees it. It is no longer effective to be the average buyer. Every buyer must use the most powerful free tools available.
To get the the best investment and best deal on an amazing loft, become a VIP buyer, and gain free access to the largest number of distressed properties and unlisted properties. Those who are not ready to work with an agent can immediately take advantage of the free Downtown real estate information at http://www.LAcondoInfo.com while buyers who are ready for the best deal today should immediately call the buyer’s team with the largest number of Downtown unlisted properties and distressed properties. Call Corey Chambers at (213) 478-0499 and become the VIP buyer who is able to beat out other buyers to the best deals.
Get free access to up to twice as many amazing lofts in Downtown Los Angeles. Fill out my online form:
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449