Tag: investment

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Los Angeles Real Estate Boom or Collapse? How Can We Get Through It?

LApocalypse Now – Los Angeles decays during coronavirus lockdown, omen to slow recovery.

Commercial real estate professionals have been crying for help over the past few weeks. The National Multifamily Housing Council just reported that on-time rent payers just fell from 81% in March to just 69% for April. This is an unprecedented increase in unpaid rent, a economic breakdown of historic proportions. #losangeles #realestate #coronavirus | Blog Video

Find out what the home down the street sold for
VIDEO

The crash has just begun, but Fox Business says that real estate boom is just around the corner. Can this be possible? If so, how? #recession

The L.A. Loft Blog has disclosed our analysis and expectations of massive economic downturn, painfully slow real estate collapse with even slower recovery. Astute L.A. Loft Blog readers prepare for the worse while recognizing equivalent opportunities for impressive gains by those who are tuned in to the shifting course of markets.

Most Americans sadly don’t understand economics very well. Money and economies don’t respond well to being neglected or disrespected. Shutting down an economy for a short time shall lead to much worse economic turmoil, for a longer period of time than most expect. It takes much longer to hire than to lay off. Sliding down is much faster and easier than climbing up. The good news is that climbing back up is possible. For some, including many readers of the L.A. Loft Blog, recession opens the window to greater wealth.

Those with diverse wealth positions have already begun to snap up deals. Warren Buffet and the like have already sold some assets near the top of the market to maximize their cash on hand (as the foolish asked “Why does Warren Buffet keep so much cash on hand?”). Next, the Warren Buffetts of the world are already very busy watching, then studying and researching, before finally nabbing huge deals and steals for tremendous profits. The average Joe can do the same, provided he has the same motivation and discipline.

Many will work two or three jobs to find themselves still losing ground, losing their minds and health due to stress and anxiety. That’s especially true for those who don’t come from a background of investment, or who are not motivated to rise up above the modern day chaos of panic and widening class division.

Investors know about the easier way: Cutting expenses to reserve cash, to buy up super deals — this is the primary, simple formula for surviving and thriving a major recession. While real estate is the great American dream and historically proven way to wealth creation, real estate works best when purchased right along side today’s game-changing investments like Bitcoin, old standbys like gold, and recession money-makers like short-selling of bad stocks.

HOW TO STEAL A LOFT

The reason why real estate is now on sale is because few people wish to buy a home today. This lack of demand corresponds to quickly falling home prices. The few who are considering the purchase of a property now find it hard to tour homes for sale, although we’re seeing an increasingly questionable pandemic #filmyourhospital with a much lower-than-predicted infection rate, and much lower-than-reported fatality rate. Buyers should know that Downtown L.A. condo prices have already dropped by more than $35,000 in the last two years.

Here are tips and tricks to get a great deal:

  • Place back-up offers on the most desirable properties.
  • Place back-up offers on the most imperiled escrows.

GETTING A STEAL – In addition to placing a lower offer and spending more time negotiating, brave home buyers can use some advanced tactics and strategies to get the best deal.  Several of these methods of finding and buying good deals are on the L.A. Loft Blog. Here are the Top Seven Steals: Downtown Los Angeles Real Estate Deals; Best Deals in Downtown Los Angeles; Mills Act and the Top Ten Most Amazing Real Estate Deals; Best Deals Under $500,000 in Downtown Los Angeles; Downtown Los Angeles Lofts For Sale – How to find the best deals; Downtown Los Angeles Lofts and Condos – Best Deal Types

MORE DEALS

Reader Questions

Q: What is the contact info for beacon lofts association? A: Find HOA contact info at www.HOADTLA.com

Q: What’s happening at savoy condominiums los angeles? A: The best thing about the Savoy is the awesome location between the best part of the Arts District and the best part of Little Tokyo.

Q: What happened with the murder at the watermarke tower? The WaterMarke Tower has recently been known for people coming and going with very little security. Here’s what happened when a guy was killed over an apparent drug deal gone bad.

Get a free list of best deals in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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No lounge, no fitness: Loft HOA lockdowns expand

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.

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Los Angeles Real Estate Tips and Tricks for 2020

New strategies and tactics for lofts, condos, apartments and houses in the L.A. market

REAL ESTATE NEWS

The more things change, the more they stay the same. Buyers, sellers, renters, landlords and investors can take advantage of this year’s cooling real estate market. Here are the best Tips and Tricks for Los Angeles real estate in 2020. #losangeles #realestate #market #news

Stop Renting — Owning a home has nearly 100% chance of long-term financial success, equity growth and wealth building. Paying rent is unfortunately a 100% financial loss. Renting is especially ironic for those who don’t move often, who plan to stay put for many years. In 2020, renters can buy an amazing loft with 0% to 2% down payment. #tipsandtricks

Buy low and sell high! While most investors are aware of these key factors to financial success. Home buyers and sellers often forget about the money gain and long-term financial benefits of buying at a low price and then selling at a higher price.

TIME TO STEAL A HOME

Low-Ball Offers – The beginning of today’s buyers market is the time for buyers to start placing offers that are much lower than the listed asking price. Buyer’s home purchase offers may include a list of comps and statistics showing falling home prices and declining economic news. This tactic is often successful when there are few other competing buyers, which is the case for most properties in 2020.

Buy the ugliest home in the best neighborhood – This is always one of the easiest rules for investors. Buying the less attractive property on a desirable street allows home buyers to get a lower price, fix up the property in a way that they like, and end up gaining a lot of extra equity and financial well-being.

2020 strengthening buyer’s market — Buyers may ask the seller to pay some of the buyer’s expenses such as closing costs, loan costs etc.

Buy multi-unit duplex, triplex, 4 plex etc. – Because 2020 has equal potential for boom, bust or stagnation, a multi unit gives more options and flexibility for home owners to maximize income, to increase quality of life or to reduce expenses by having more rent-paying tenants or stretch-out and gain elbow room, using more space when financial times are good. | VIDEO

HOME SELLING TIPS:

Consider starting with a pocket listing to offer an exclusive opportunity for prepared buyers who can make a quick purchase. With a pocket listing, the seller may take their time selling the place with less stress.

Appraisals may soon start to come in too low in 2020. A cash buyer, or buyer with extra down payment can make up for a low appraisal.

Escrows are slower than they were a few years ago. Some transactions fail after incurring expenses for the seller. Some buyers are unable to obtain financing. Sellers should check the contingency terms and time periods. Around 17 days is most common. Sellers should pay careful attention to extended contingencies.

Delays are common. Be sure to allow plenty of extra time for closing, and extra money for unanticipated costs.

Sellers are required to provide latent defects to the buyers that the sellers have knowledge of. Prevent cancellations and lawsuits by disclosing defects, broken items and problems up front. This includes anything that may affect the value of the property.

Ensure that a carbon monoxide detector has been installed before the inspections. Make sure smoke detectors are the newest kind with a 10-year SEALED battery.

For condos, provide the listing agent with HOA contact information, HOA dues, move in fee, move out fee and HOA move in security deposits. Provide the parking space numbers also.

Sellers must keep all utilities on during escrow until after the inspections and repairs are completed.

Get a free list of the best investments nationwide starting under $100,000. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale
Los Angeles new tactics and strategies for real estate in 2020

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.