Many buyers looking for lofts in Downtown Los Angeles discover bigger, nice, cheaper lofts at Alta Lofts in Lincoln Heights / Chinatown by Elysian Park and DTLA. #altalofts #losangeles #justlisted
HOT LOFT ALERT
Open and airy, top floor, corner unit with breathtaking panoramic views! Real live/work loft in the architecturally significant Alta Lofts, designed by Brooks + Scarpa, with the top two floors added in 2009. Unit features huge, floor-to-ceiling windows, wood floors, gas range, dishwasher and in-unit washer/dryer thoughtfully hidden away. Ideal location within the building and only one shared wall. One private (and huge) balcony and another semi-private balcony that offers “peek-a-boo” views of the fireworks from Dodger Stadium. This building really does have it all: gated entry, secure parking for one car (plus guest parking), a gym, BBQ area, community room, bike storage and well maintained common areas. Building is pet friendly. Evening security from 6PM-6AM. HOA includes electric, gas and trash! Very close proximity to Downtown LA, convenient to the 5 & 110 freeways and only .5 mile to the Lincoln/Cypress Metro Gold Line Station; also very close to the LA River bike trail, hiking trails, Chinatown and the LA State Historic Park, that recently re-opened after its 20-million-dollar renovation. This is the ideal alternative to a DTLA condo! | JUST LISTED
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Buyers are trying harder than ever to find a great deal on an amazing loft in Downtown Los Angeles lately because there are too many buyers and not enough lofts for sale. #dtla #loft #backonmarket
One often overlooked way to get access to desirable properties is by looking at pending listings, listings on hold, along with active listings under contract. That way, a home buyer can get a sense that other buyers like the property as well. When the property becomes Active again or says Back On Market, the buyer can ask the seller why the property fell out of escrow so that the buyer can decide if that is likely to be a problem for that buyer or perhaps a great fit.
Here is one shining example of an historic loft with Mills Act tax benefits that just fell out of escrow because the first time home buyer may have been skittish of buying in general, thus possibly quite afraid of HVAC (central air conditioning and heat) needing repairs. For this Back on Market Eckardt loft with a nice-sized balcony, the seller has already ordered the HOA-recommended A/C repair company to complete repairs by the end of next week. A more experienced or confident buyer will snap it up, protected by an easy contingency to make sure that the air conditioning gets repaired. Experienced buyers know how to take advantage of minor issues that beginner buyers might feel unsure about.
Get a free list of Back on Market and off-market lofts and condos in Downtown Los Angeles. Fill out the 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
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:
The funny thing about distressed real estate is that it’s not just the property seller who is in distress; it is the buyers as well. Some are worried while others are sitting pretty.
The LA Loft Blog has been presenting valuable exclusive Downtown real estate information, market data and economic projections for more than 5 years now. And we’re just getting started. We’ve helped nearly one million buyers, sellers, renters and investors to make countless millions of dollars in profit and equity. The LA Loft Blog was among the first to remind buyers to catch the wave and buy big in 2012. We reported that buying a Downtown loft that year was going to be almost like getting free real estate. Prices more than doubled in record time. The LA Loft Blog was right on! So, what are the opportunities that we are telling you about today? — A normal market in a better-than-normal neighborhood. Superior growth! Above-average potential for return on investment. Cha-Ching!!
You won’t find a quick free property today. There are usually far more distressed properties for sale during a major economic recession. The good news for those looking for a really good deal today is that certain kinds of distressed properties are not that difficult to find. Properties are not usually considered distressed the day they are listed. If the seller takes an offer 3 days on the market, there is not a whole lot of distress there. The distressed properties are the lofts that nobody wants. They’re listed for too high of a price, they’re on the market for more than 63 days. They’re too dark, no view, cluttered or not presented well, awkward floor plans, sometimes pulled from the market prematurely. Sometimes, they just need a decorative lighting, a modern decorated look, a wall removed or a frosted glass sliding bedroom door to be added. They can all present a better-than-average deal because they are overlooked by most buyers. But should we focus on the superior investment potential of the amazing historic loft architecture or the upcoming special assessment to repair the crumbling building facade?
Here’s a BIG hint folks: Sometimes there are micro recessions and market glitches that give better deals: pre-elections, holidays, market lulls and nearby construction booms can create a mini glut and temporarily low prices. Did you get the hint? Those are all happening in Downtown right now! Yes, as billionaire Warren Buffet says “Get greedy when others are scared, and get scared when others are greedy.” Today, there’s a bit more scared than greedy in DTLA, so the astute investors know that they should be just a little bit greedy at this point.
Today in Downtown Los Angeles, there are virtually zero foreclosures. There are several other categories of distressed properties: vacant more than 30 days, buildings with lawsuits, post-litigation and pre-litigation, neglected properties, raw lofts, properties with upcoming special assessments, canceled and withdrawn listings, unlisted, pocket listings and off-market properties, and sellers who must sell fast. The most often overlooked deal is the ignored overpriced loft that becomes underpriced after receiving a strategic offer.
Get a free list of distressed Downtown lofts and condos. Fill out the online form:
While most Downtown LA homes are now selling at a negative cash flow, some investors are getting 6.6% to 56.6% Cash on Cash Return on America’s best turn-key investment income properties starting around $39,000.
This is really good news for Downtown and LA area prospective home buyers who are looking for good investments that they don’t need to live in. Many renters 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.
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 property. 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, getting 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 can possibly offer a better, much faster return on investment. But how can someone in Southern California find, buy, repair, market 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 a regular person can simply 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. just closed on his income property a few days ago. More are available. Check these out:
To get a free report on these low-cost, positive cash flow turn-key properties, get 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.
Now that Los Angeles home prices have largely rebounded back to their former grandness as investors and other home buyers agree that Southern California real estate is an excellent investment, most Downtown loft and condo buyers must pay substantially more monthly toward mortgage principle, interest, taxes, interest, homeowners assocation dues, maintenance and other expenses than they can receive in rent.
There are good reasons to invest in Downtown with an initial negative cash flow. DTLA has doubled in size in 10 years, transforming from a neglected drug den to what is now an exciting, new playground for the wealthy and middle class. Nevertheless, some investors and prospective homeowners who simply cannot afford to bear the burden of a negative cash flow at this time. While we can’t go back in time to instant positive cash flow days of 2011, there are still some properties in Los Angeles that offer instant positive cash flow with rents higher than the monthly payments.
Now you can find real estate investments in Los Angeles and nationwide by searching for a city or zip code. A new technology will display properties that have the highest potential returns. Enter your specific investment criteria and let the new technology go to work.
New platform has a Mobile-Friendly user experience that works on all browsers and all devices. When new properties hit the market that match the saved search criteria, the user is alerted. It is easy to use, even for first-time real estate investors. It has more than 1.7 million active listings for sale nationwide.
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:
It’s rare for investors to find a loft in Downtown Los Angeles that already has a good tenant in place to pay for the mortgage. Some new lofts are coming to DTLA, and some of them already have tenants who have been living happily for years, and don’t care to move.
This special arrangement can be made as a potential future pocket listing for investors who would love to own some of the most desirable lofts with high ceilings, lots of windows and light, and some of the best views in Downtown Los Angeles.
Because a happy tenant is already in place, the new landlord will not need to find a tenant, screen applicants, show the property to rental prospects etc. The investor will already find that has been taken care of.
Get a free report on investments in Downtown new lofts with tenants in place. Fill out the online form:
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 necessarily associated with the home owner’s association, seller 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.
Going to take a look at several open houses is a great way to get started in discovering properties and prices in Downtown Los Angeles. Here are 5 lofts and condos to see this weekend. For assistance, call Corey:
Get property descriptions and photos in your email and get free assistance to navigate parking and access the loft buildings. Pre-register and you may also receive additional bonus open house listings for Downtown. Fill out my Open House Form.