The largest investors in Downtown Los Angeles have been placing bets of $100 million to $1 billion.
How much are you betting on Downtown LA? You don’t need a billion; there are still great investments for less than $400,000. The rewards are huge. Here are some examples:
After a great deal of looking, consideration and due diligence, investment professional John M. purchased an industrial loft in Downtown in 2012 while prices were still depressed, buyers were still generally broke or afraid, and, to top it off, the loft building was involved in a lawsuit. John got assistance from an experienced Downtown loft specialist team of agents who were able to tell John exactly what was happening in the distressed industrial loft building. The loft purchase made about $250,000 profit in equity for John in less than 3 years. Needless to say, John is extremely happy with his Downtown investment that.
The best time to plant a tree was 20 years ago. The second best time is now.” — Chinese proverb
The slowpokes who waited several years to buy only made a meager $50,000 to $100,000 in equity in the last year or two. They did much better than the average Downtown renter who lost about $60,000 in the past year or so when you add the rent paid to the lost opportunity cost by not owning. For those who did not buy real estate during the last 3 years, I hope that they invested in something other than their landlord’s mortgage.
Whether you plan to live there, flip or rent out, Downtown investors have best return on their investment when they know which loft and condo buildings make the best investments, which lenders will lend on a commercial or industrial loft conversion, and what is going on with the lawsuits involved with more than 20% of the listings.
Traditionally, the best investments have been foreclosures, distressed properties, short sales and other obvious bargains. Today, there are virtually none of these. Investors must find properties that are distressed using lesser known criteria such as owner equity level, ownership years, location, legal disposition of building and other criteria that make for a really profitable investment in Downtown Los Angeles.
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$389,999
