Thanks to everyone who came out to our LME Investments meetup on Saturday to talk about the BRRRR strategy! BRRRR is a great way to acquire and upgrade undervalued properties, and grow your real estate portfolio. Buy – buy a property under market value Rehab – get the place lookin niiiiiice Rent – lease up…
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Congrats to my buyer for closing on this Westside condo! She knew what she wanted, and she got it. There were 4 different escrows all tied to this deal, due to contingencies on both the buyer’s and seller’s sides. Meaning there was A LOT that had to line up for this one to close! Finally,…
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All The Ways You Can Earn Money With A Residential Rental Property 1) Cashflow 2) Paying Down The Mortgage Principal & Building Equity 3) Appreciation 4) Reducing Taxes Rental properties offer multiple means of building and preserving income and wealth. It is worth noting that properties with very high levels of cash flow (relative to…
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Who wants to meet up to talk about investing in apartments in LA? Saturday, October 16, 20219:30 AM to 11:30 AM The Great Room Cafe2810 Artesia BlvdRedondo Beach, CA Free — just plan on getting coffee or breakfast to support the venue! For those who aren’t familiar, BRRRR is a great way to acquire and…
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Very excited for this new escrow that opened in Claremont! This is currently a single family home, and will soon become 15 units of permanent supportive housing for seniors with disabilities. There are several moving pieces of construction financing and rent subsidies to work out in this escrow. Plans are drawn up and being approved…
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Took a much needed rest, in the mountains, w my boo & friends. It’s SO HARD for me to take off work, to write an email to my clients saying “hey….I’m going off the grid for a few days. I know you’re in the middle of your house search and waiting to hear back on…
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Congrats to my client for selling her condo $60k over asking! You can do all the comps “comparable sales” and pricing research you want, but until you put it out there on the market you never know who will want this place so much that they will offer what it takes to get it! It…
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Congrats to my buyer for finding a house hack in Inglewood!! “House hacking” is when you buy a property and rent part of it out while you live there. It’s a great way to get into something as an owner occupant with an investment mindset, and makes ownership more in reach since you’re getting help…
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I’m under contract on a 9 unit apartment building in Los Angeles! This is my third one this year with my partners @sbizzy57@sanjeevbla & Moris. For people who are worried about the housing market being too high right now, remember that rents are rising just as much. In LA there is rent control in most cases, but…
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“Sammy is a dedicated and tireless professional, and a fierce advocate for his clients in a competitive market. But mostly, a nice and friendly person who is a joy to work with.” It has been such a joy helping @callistoteahouse find their new brick and mortar home! They meant to open a while back, but then pandemic…
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