So there is this new city ordinance in Los Angeles that I am obsessed with at the moment. Ok, its not really new, it was actually established in 2005, but the concept seems too good to be true. It also seems that developers are only now embracing the ordinance. What is it that I am talking … Continue reading The Small Lot Subdivision Ordinance – Sexiest City Ordinance?
Last week I wrote about purchasing a cabin in the city of Wrightwood, home of Southern California’s most accessible ski resort, Mountain High. This week, I talk about the cheapest listing in Southern California’s most largest ski resort town, Big Bear Mountain. Home of the largest group of mountain ski resorts in Southern California, the Big … Continue reading The Cheapest Listing Series: Big Bear Edition
So lets say that you own a building with 3 units. You rent these 3 units for $1,000 per month a piece. Your total income for the 3 units is $3,000 per month. Sweet, right? You get $3,000 per month! Is that your cash flow? Nope! You remember that have to pay the gardener $200 … Continue reading Friday Define: Cash Flow
Renovating or building a home can be a stressful experience for a homeowner. Not only does it cost a lot of money, you will also have to deal with the stress of managing the project. Most of the stress can be alleviated by hiring a great general contractor. When interviewing your prospective contractors, be sure … Continue reading Renovating Your Home? Don’t Forget To Ask Your Prospective General Contractors These Questions
Now that winter is officially upon us, the ski/snowboarding season is in full effect. Yet if you live amongst the Los Angeles urban sprawl, getting to the nearest ski resort is a drag. So why not buy an investment home near a ski resort? Being the closest ski/snowboard resort to Los Angeles, Mountain High is … Continue reading The Cheapest Listing Series: Wrightwood Edition
Nobody likes to pay taxes, but as a potential owner/investor in real estate, paying property taxes is your civic duty to the economy of the United States. Now with that message out of the way, it still sucks to pay property taxes. What are property taxes? “Property tax is a tax assessed on real estate. The tax … Continue reading Friday Define: Property Taxes
Today is the housing market’s Black Friday. Don’t know what I am talking about? Then read my post dated November 25. Go ahead. I’ll wait for you to come back. Back? Ok, good. So its not really Friday today and there really aren’t any super sales in home prices, but what today does mean is … Continue reading Housing Market’s Black Friday Is Upon Us!
Growing up in Los Angeles, my fondest memory during Christmas was driving down to the nicer residential neighborhoods with my friends and family and enjoying the Christmas light decorations. Either due to their festive competitive nature or drunken holiday bliss, these homeowners would one up their neighbors by putting up spectacular light decorations, blinding each … Continue reading The Cheapest Listings in Los Angeles: Hancock Park Edition
*I decided that every Friday I will quickly define a concept or term in real estate investing. That way you can quickly read my post and go about your weekend – a little bit smarter – before you booze your brain cells away. Cheers! As you begin your epic journey into real estate investing, you’ll … Continue reading Friday Define: The 50% Rule
*For Part 3 of my beginner’s guide to real estate investing, I will use an example of investing in a single family home with one tenant in order to see if an investment makes sense. Please read part 1 and part 2 to familiarize yourself with the terms mentioned in this guide. Although I am … Continue reading A Beginner’s Guide to Real Estate Investing – Part 3