Real Estate Black Friday Sale — Exp. Dec. 31, 2017
Here’s a holiday sale that investors will love. Those who are considering buying a home in November or December are in the minority because humans are like lower animals in that they make fewer big moves during the winter. For the smart and lucky few who are thinking about moving or investing in a property, Nov/Dec can be the best time to get a great deal because there are fewer competing buyers. #blackfriday #realestate #dtla
$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:
Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $6,000 cash at the closing of the sale. This guarantee applies to homes over $800,000 going into escrow by December 31, 2017.
That’s pretty straightforward isn’t it?
To get details on how to become a VIP Buyer, and receive the Black Friday $50,000 Home Purchase Savings Guarantee, request more information using the online form:
Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com
Airbnb experiences bring the most profit for investors and landlords. #airbnb #losangeles
The LA Loft Blog provides an up-to-date breakdown of the best ways to make a profit with short term rentals on Airbnb. This post includes 3 real case studies of Airbnb rentals in the Greater Los Angeles Area including Downtown, Beach Cities and Big Bear, starting with the most profitable and ending with the biggest loser. Airbnb is generally used to find guests to stay in rooms or entire homes for several days to several weeks, or sometimes just one day, usually less than 6 months. The most profitable homes on Airbnb tend to be the short-term rentals that offer the most “experience,” that is a special feeling of fun, excitement or enjoyment from unique attributes such as decor, architecture, furnishings, location and amenities of the short-term rental. Those near tourist areas, theme parks, beaches, snow skiing, lakes, rivers and entertainment venues have the most profit potential.
Popular attractive furnishings, dishes, appliances, games with professional cleaning and maintenance are key to happy guests and maximum price. Investors should check to make sure local hotel prices are rising and not dropping.
Before listing a home on Airbnb, landlords and investors must be aware of the local ordinances and homeowners association rules that govern what homeowners may and may not do with short-term rentals. Most cities and municipalities have laws regarding hotels and hotel taxes. At a minimum, investors and other homeowners with homes listed in Airbnb must collect and pay hotel taxes to the city in which the short-term rental is located. Some localities may not allow short-term rentals under 6 months at all. Most condominiums are not suitable for short-term rentals because the CC&R rules normally specify that condo unit owners may not do short-term rentals at all, and all lease must be for at least 6-months. Additionally, each resident must in most cases coordinate their move-in with the HOA homeowners association manager and pay a move-in fee.
To make a tidy profit, the investor must have or hire someone with skills and experience in local real estate, interior design, hotel management and marketing. The property must be obtained for a cost that will be substantially lower expense than the income that the rental will attract. It must be near public transportation if in the city or provide convenient parking if not.
The “bnb” in Airbnb stands for bed and breakfast, which means that the owner is there helping, conversing and sometimes even cooking for the guests. In many cities, the owner must be staying in the residence with the guests or else the short-term rental is illegal and may face big fines. Owners should have sufficient insurance and take steps to prevent disasters such as wild parties.
Some renters try to sub-rent their leased loft to Airbnb, but this is usually not allowed under most lease agreements. They usually specify that the unit can not be sub-leased or sub-rented at all without the property owner’s permission. Because of these rules, it is hard to find Downtown lofts on Airbnb. When one is found, there is a good chance that the person who listed it is breaking a HOA rule or violating a lease agreement. That being said, there are some buildings, HOAs and owners who are more or less likely to enforce these rules. The LA Loft blog often receives word on which buildings are enforcing and which buildings are Airbnb havens.
Here are the three recent real-life Airbnb scenarios, and what made them make or lose money, in order of profitability:
Teddy Bear’s Cabin in Big Bear – This super profitable modern luxury log home garners $500 to $1,000 per night. It is a nice, big cabin with modern kitchen and bath, romantic fireplace in the master bedroom, lots of games and videos, and walkable to the lake. Up to $15,000 per month makes this a super-profitable Airbnb rental.
My Little Paris in Los Angeles – This brick loft is booked up for the next 6 weeks at $135 per night. That is over $4,000 per month for a loft that normally rents long term for around $2,400 per month. That brings a tidy profit for the owner who is lucky enough to get away with it.
Rancho Palos Verdes house – A traditional large home just a few blocks from the beach was purchased for the purpose of offering short-term rentals on Airbnb, but the RPV community cracked down big time and outlawed short term rentals in residential homes. The investor is struggling to pay their $10,000 per month mortgage, and bleeding cash.
Get a list of the best Los Angeles homes for short-term rentals on Airbnb. Fill out the online form:
How Downtown LA lofts and condos can help you create your own independence day.
Now that we have celebrated our independence from England that occurred nearly 250 years ago, it’s time to get real, think about today, and reach our own financial independence so that we can really be free to live the rest of our lives the way we want. Real estate continues to be the biggest and best investment that the average person ever makes in their entire lives. There is no need to be average though — not only can we choose to live and work the way we want with a live/work loft, but we can enjoy the best lifestyle in the world by living in the place with the most hip, modern and chic lofts in the middle of the best walking areas with restaurants, shops, entertainment, transportation to the largest number of exciting places, all under some the world’s best weather. Best of all, the DTLA lifestyle is just the beginning of the recipe for our success.
It just so happens to be that this very cool life also carries with it the beneficial side effect of superior investment value and a great financial future. As Downtown real estate value continue to escalate (especially in the Arts District, which is approaching an average of $1 million), we can calculate that we may need to accumulate 20 lofts so that we can be guaranteed an independently wealthy future with plenty of luxury, leisure and travel. If we live very frugally in a much cheaper area, then financial independence can be accomplished by owning just 2 or 3 lofts. The question is: “How do we afford to buy several Downtown lofts?” We’ve put some answers below!
Beat out other buyers to the best deals. Fill out the online form:
Avoid expensive mistakes before buying a Downtown loft. Home Buyers 6 Costly Mistakes to Avoid Before Buying a Downtown Loft or Condo. Free report reveals how to save thousands of dollars and years of expense.Visit www.BuyerMistakesLA.com or free recorded message at 1-800-791-4541 ID#1004.
This week’s Fab 5 Top Props include a multi-level loft with mezzanine bed area and a luxury 2-bedroom, 2-bath condo with panoramic views and tennis courts. Here are the five best investments in Downtown Los Angeles real estate this week:
Get a free list more investment property around Downtown Los Angeles with descriptions and photos. Fill out the online form:
Distress Sales/Bank Foreclosures Hotlist
Get your copy by completing the form on this page.
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up.
If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.
Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.