REAL ESTATE NEWS — Many Downtown area homeowners received a post card recently from a loft specialist real estate company stating that rents are declining. Because the L.A. Loft Blog is the authority of Downtown Los Angeles real estate, we’re going to help determine if this is true. Are rents really going down in Downtown L.A.? #rentprice #dtla
The post card fails to include the exact beginning and end period, and also does not mention the comparison period. The statistical statements therefore are not complete, and so it’s like saying a car is going 55 or 75 without saying miles per hour or kilometers per hour etc. The same is true when talking about rental rates. Panic selling is rarely a good idea, so Downtown home owners and landlords want to know the real details of what is happening to the DTLA rental market.
To know the real state of rents in Downtown, we need to look directly at the MLS Multiple Listing Service data, and compare the specific time periods. The generally accepted time period to observe in real estate is the past 6 months (the recent market period), and then to compare that to the same 6 month period in the years earlier.
We’re not going to use average because the MLS data contains errant massively incorrect data. Median is more accurate (the middle number), so lets take a look at the real median rental price for those specific periods:
So looking directly at the real MLS data, we can see that rents are generally not going down, but the rate of increase has most certainly gone down. A stabilization has occurred. No need to panic. In fact, the opposite is true. The right amount of new apartments have been built so that the thousands of new Downtown residents might not need to encounter huge rent increase in the near future, and landlords will likely not be able to raise rents dramatically. Downtown Los Angeles landlords will also not likely need to implement the 65% rent reduction that the recent postcard seems to suggest.
Get free information on apartment and loft rental tours in Downtown Los Angeles. Fill out my online form:
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
New Apartments Los Angeles Riverfront Creative Campus Coming to Elysian Valley
The new development will re-use two existing riverfront buildings and re-develop a vacant lot that was used as a bulldozer storage yard. It will also construct a 3-story mixed-use building with 40 live-work units arranged in a U shape around a landscaped central courtyard; eight of the units will be reserved for low-income households. About 8,000 to 15,000 square feet of commercial space will be on the ground floor.
The new construction will be set back between 60 and 90 feet from the River and will feature 33 studios and seven 3-bedroom units . #apartments #evrcc
Developed by Terra River LLC, the Elysian Valley Riverfront Creative Campus seeks to “create meaningful connections to the Los Angeles River”. The 40,000-square foot building also has eight low-income units. Tax credits have enabled Terra River to offer discounted rents for non-profits, and river or community businesses.
Building height is expected to reach to 56 feet. The development will have underground parking, three stories of studio units (about 700 square feet), and three-bedroom units (around 1,100 square feet).
It also plans to eventually lower or remove the seven-foot concrete wall that separates the property from the Los Angeles river and open up the existing 1947 bow-truss building to the Los Angeles River bike path, so people can move freely from the path into the development. “This building is really just like a tent, supported by poles. We can open up this whole structure to allow the Los Angeles River through,” explains de Forest.
Terra River is also working on a street-end park concept on Allesandro Street, which they hope would soften the transition between the development and the river. Landscaping also plays a large role in the project. In site plans, seating areas can be found alongside riparian landscaping. De Forest also says that a storm water recycling system with a giant cistern at the basement would be implemented at the project, which would help capture, treat and re-use the water instead of allowing urban runoff to flow through pipes and onto the river, which is what the current neighborhood infrastructure does.
The River Campus is now under construction. It is not known exactly how lofty the live/work units will be, whether all of the residential units will be new construction, or if any of them will occupy the re-used existing structures. Currently, it appears as thought the units will soon be available as new apartments for lease and not for sale.
Get a list of new construction condominiums for sale in Frog Town Elysian Valley. Fill out the online form:
Check out America’s best rental income properties under $50,000 from CashFlowHomesUSA.com
Yesterday, thousands of readers were gripped by the LA Loft Blog post that went viral across the internet. Real estate is one of the best investments for the new year. It’s the biggest investment made by the average person, but does not need to be an extremely large investment. #rental #income #homes
With its amazing transformation, Downtown Los Angeles attracts up to 100 new residents per day. And did you know that the Downtown area now provides more than 500,000 jobs? Yes, it’s true. The neighborhood that many had left for dead in the 1980’s is now one of the leading hotspots for all kinds of opportunities. Check out yesterday’s list of the top 5 best Downtown real estate investments. The post went viral and was the most read post of the past 30 days. It’s at https://laloftblog.com/2017/01/02/top-10-investments-for-2017/
While Downtown lofts are super exciting to many first time Downtown home buyers and investors, most buyers cannot afford the $657,214 average price of a Downtown loft, and they cannot afford to carry the property at a loss until it finally reaches a positive cash flow. Take a look at the property pin map above that shows negative cash flow properties in Downtown (red pins) and then see the positive cash flow of some other American neighborhoods (green pins) below. This is the fastest method that real estate professionals use to determine investment value and profitabiity.
Average investors can get a property with a much faster positive cash flow, lower purchase price and bigger cash-on-cash return. Request a free list of America’s best rental income homes from $40,000. Get free information from CashFlowHomesUSA.com or fill out the online form:
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.
Save Time and Money by Getting Priority Access with the Downtown Express Upgrade #dtla #rentals
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So many people moving to Downtown Los Angeles have difficulty finding the right place because there are so many wrong places, and the best deals are quickly taken by somebody else. Those who are new to the area have an especially hard time.
Find an ideal Downtown loft in 3 hours or less guaranteed with the Downtown Express rental search upgrade. No more searching for weeks and weeks looking at all the wrong rentals. Prospective renters can get a list of lofts for lease that match their criteria, then get priority access to the places that match what they’re looking for, or even apply in advance before the other renters can take their ideal pad. The Downtown Express Upgrade gets renters access to more than twice as many amazing loft rentals, condos for lease and apartments in Downtown because loft-seekers can get powerful assistance from Downtown’s quickest and easiest rental and relocation service from the L.A. Loft Blog’s licensed Downtown real estate pros. DETAILS | PAY NOW
Now there’s no need to worry, wondering whether or not one will find just the right place. Anyone can find their ideal place because they will be fully informed of all of the choices in Downtown living, and will beat out the other renters to the best deals by gaining priority access to Downtown’s real estate agent listings in condos, loft condos, apartments as well as hard-to-find unlisted lofts and unadvertised bargains that are not on the internet.
The upgrade includes extra help, priority appointments and free follow-up assistance that is perfect for those who are new to L.A. or unfamiliar with today’s Downtown Los Angeles.
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See agent listings as well as unlisted bargains in a single trip
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If out of town, newcomers can even apply before seeing properties in person.
Request specific properties, or the pro real estate team will show the best matches based on desired search criteria.
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Instead of being ignored, the rental prospect will get priority appointments and free follow-up help
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The Craigslist fraudsters have returned once again, impersonating real estate agents and stealing the identity of innocent prospective Downtown renters by using Craigslist posts with fake phone numbers, and fake real estate applications to obtain social security numbers and profit from them on the black market.
The L.A. Loft Blog has received confirmation from the San Bernardino Sherrif’s Department that at least one would-be Downtown resident had her identity stolen by these Craigslist frauds perps. Many others have come forward to admit that their identities may have also been stolen from the scammers. The LA Loft Blog has increased its warnings and fraud alerts to warn all potential renters not to provide personal information to anyone online.
Thank you to those who have flagged the offending Craigslist scam by clicking prohibited on Craigslist. The latest offending Craigslist post has been removed. The fraud has been reported to FBI Internet Crime Complaint Center IC3.
For more details on the fraud, click here. The most recent fraudulent post has been flagged and removed by Craigslist, but you can call and text the fraudsters at 213-256-0864 to tell them what you think about fraudsters.
Thank you for helping to slow down or at leaset remove some of the profitability the identity thieves.
WARNING SIGNS OF FRAUD:
Online application links from Craigslist
Landlords, managers and agents who communicate solely by Craigslist and text
Craigslist points to pictures on Imgur
Landlords, managers and agents who claim to be “out of town”
Craigslist posts with rent prices that are substantially below prices of similar rentals
Follow Craigslist safety guidelines
As Downtown Los Angeles transitions into a full-fledged luxury market, buyers, sellers and renters are looking for deals that are better than what the general public is able to get. #realestate #dtla
As the Authority In The Downtown Los Angeles Real Estate Market, the L.A. Loft Blog presents in this article extremely valuable information about exclusivity as the basis for stand-apart success in DTLA real estate. The average home in Downtown is now more than $600,000. The affluent buyer, seller and renter is extremely responsive to and dynamically influenced by exclusivity.
When Downtowners focus on exclusivity, buyers, sellers and renters will switch their mindset and behavior into one alignment and cooperation.
This is a million dollar strategy to start now, if you haven’t. For sellers, concentrate on what is going to attract the largest number of buyers. Buyers get best results when they concentrate on gaining access to the largest number of properties for sale, including the largest number of unlisted homes, pocket listings and off-market properties. Renters find the best deals on the most amazing lofts for lease when they gain access to the unlisted, unadvertised rental bargains.
BUT… let’s make it more exclusive.
Sellers attract the largest number of high-paying buyers when they can get access to the pre-qualified buyers on retainer, ready to buy. A Guaranteed Sale Program will help to ensure that the property will sell for the most money, fastest and with less hassle guaranteed or the agent will buy it. Details of this program are at www.GuaranteedSaleSoCal.com
For buyers, getting priority access to houses the buyer can’t find on their own or on the internet or from most agents. This method of beating out other buyers to hot, new listings is called a VIP Buyer Program. Free access to the program is at www.LALoftVIP.com while renters can save a lot of time and money by getting exclusive access to more Downtown loft bargains rentals at www.LALoftTour.com.
Now that Downtown Los Angeles has become an upscale community, exclusivity is most likely the #1 differentiator for success in a real estate transaction. In an extremely competitive market like Downtown, doing things differently is better. Being different allows one to bypass some of the competition, thus gaining more access, and saving a lot of money. Being EXCLUSIVE is the best of being different. Exclusive IS different.
Ten years ago, buyers could find exclusive deals on the internet. But today, many buyers might feel empowered by the internet, only to find that the world wide web is no longer exclusive. It is used by virtually everyone. Anyone involved in Downtown real estate, even renters, must also employ the power of offline in order to reach all of the best opportunities.
Bottom line here and my point is that it’s way easier to be exclusive than it is to be better and many times more powerful, easy to define and measure results as well. The latest example: Jim and Julie just got their Downtown highrise condominium unit into escrow in record time, at the highest price per square foot ever for that type of unit in the building. At the same time, the buyers were able to get one of the best views in Downtown Los Angeles for the lowest price of any highrise view condo in Downtown. This successful escrow happened because of the exclusive, offline methods employed by both the seller and buyer. The seller used a Guaranteed Sale Program, while the buyer took advantage of a VIP Buyer Program.
Based on numbers recently released by the National Association of Realtors and Rent.com, the average renter is pretty much throwing their rent away every single month. It’s not helping them build net worth at all. And if we take a closer look at the numbers, homeowners’ net worth is more than 45 times greater than that of renters.
So, yes—the fact that people buy homes to build equity—they’re right. If they own a home, they will build equity. They will build family wealth.
88 percent of property managers raised their rent in the last 12 months. And there does not appear to be any signs of stopping. That’s according to the Rent.com report. So almost nine out of ten places, rent went up. 68 percent of property managers predict that rental rates will continue to rise in the next year by an average of 8 percent! That’s not stable. It’s not stable to your pocketbook. And probably the most amazing revelation from this survey was that 53 percent—more than half—of the property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know. They’ll throw their existing tenant out to move the new tenant in—in more than half of the locations. No loyalty there. No loyalty means no stability. No safety in knowing that you’re going to be there for any length of time.
Don’t Pay Another Cent in Rent to Your Landlord Before You Read this FREE Special Report
Downtown Los Angeles – If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home. Well don’t feel trapped any more! A new FREE Special Report entitled “How to Stop Paying Rent and Own Your Own Home” has already helped dozens of local renters get out from under their landlord’s finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering the important steps detailed in this FREE Special Report. It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent. To order a FREE Special Report, visit www.NoRentLA.com. Get your free special report and stop wasting thousands of dollars on rent NOW.