The L.A. Loft Blog has just learned that some off-market properties such as Market Lofts, Beacon Lofts, Santee Village, Bunker Hill Tower, Alta Lofts and Evo are expected to come available soon. Some of the units are already showing to buyers – call (213) 880-9910 to see them beginning Tuesday, July 5. #downtownla #lofts
Some of these buildings represent great deals because the sellers are concerned about various issues such as HOA litigation, developer lawsuits, water damage and other motivating factors that can help buyers get great deals. Most of them are finished lofts and ready to move in, while some may require less touch-up than the average fixer or raw loft.
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Have you ever driven down the street in Downtown L.A. and seen buildings that look interesting? Maybe a condo unit in a beautiful historic loft building, or maybe a smaller building or raw loft building or fixer upper that would make a great investment. See the big picture of Downtown Los Angeles, street by street.
Take a look at this heat map that shows how different Downtown LA is from other neighborhoods. Upon closer inspection, you can see that Downtown has far fewer residences, yet greater demand. Now that Downtown Los Angeles is again a world-class real estate market, local buyers must compete against the world’s most sophisticated investors, including Swiss Banks, and other powerful investors from China, Hong Kong, Korea and the rest of the world, all trying to beat you to the best deals.
Inventory is extremely short and it now takes leading edge technology and tactics to find the best deals. Technology is necessary to change the way we operate in Downtown’s property market with a limited number of foreclosures, pre-foreclosures, bank owned, 3rd party owned.
Now, prospective buyers can see properties on a map with the public records, know who the current owner is, the equity, the approximate value and approximately how much the owner owes on the mortgage, if they are underwater and motivated to sell, or if owned free and clear, so then a buyer with difficult finances can ask for seller financing. Then receive private data, proprietary information about the building and the units for sale, all with color coded heat maps. Prospective buyers can now get access to every property and parcel in the area.
Find out what lawsuits and litigation are going on in the building. Also find out which lender will lend on that industrial or commercial loft conversion, which most home lenders will have trouble lending on. Buyers also want to see if there is a tenant or primary resident.
With the right technology, investors can analyze potential return on investment, see previous flips and see results for previous investors, and see potential new flips.
Know at a glance if the property will be a the type of investment that you are looking for.
Daily updates with the most accurate data. Get the edge. Get priority access to proprietary information and technology FREE at http://www.LALoftVIP.com or fill out the online form:
motivating factors that can help buyers get great deals. Most of them are finished lofts and ready to move in, while some may require less touch-up than the average fixer or raw loft.
