NO NEED TO SPEND A FORTUNE ON A GREAT INVESTMENT — Now that the average Downtown loft is getting pricey, and it could take several years for a loft to deliver a positive cash flow, some buyers are not waiting. They are instead going to where the cash flow is. Profitable properties can still be found for less than $50,000. #rental #income #properties
While urban lofts are an exciting place to live, several prospective buyers of Downtown L.A lofts were focusing purely on investment, and therefore instead opted to own properties in other cities after calculating the cost of ownership and HOA dues of Downtown lofts. While DTLA condos are an excellent long-term investment, they often must start at a monthly loss when the landlord adds up everything, including: mortgage, interest, insurance, maintenance and HOA dues. That is why several investors have recently decided to instead purchase single family homes and duplexes in other cities for 1/5 to 1/10 the cost of a Downtown loft. The houses are in booming high-rent neighborhoods, and can offer immediate positive cash flows.
TURNKEY — These homes have already been rehabilitated, renters have already been found, and proven cost-effective property managers have already been hired to do the work.
Frank Leutner picked up a beautifully renovated Duplex Rental Income Property in a great neighborhood near the water for $138,500. He liked his investment so much, that he bought two more. While he didn’t have to go see it in person, Justin Wells flew to Detroit to see the available homes and meet the property managers. He then purchased a property for less than $50,0000. Justin was also so thrilled that he later bought another.
Small investments can sometimes be the smartest. Investors are getting 6.6% to 56.6% Cash on Cash Return on America’s best turn-key investment income properties starting around $49,000. Get a free list of these amazing rental income investment properties. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]
TRUE INVESTOR STORIES — 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.
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 Wells | DETAILS
I am so amazed with Corey’s customer service! He is so pleasant to talk with, down to earth and I am constantly updated on new listings! — Frank M. Leutner | DETAILS
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.