When Forbes Magazine wants the pulse of Los Angeles Real Estate, they turn to Richard Schulman.
Who should you be talking to?
Here is an excerpt from "The Foreclosure Fallacy" where author William P. Barrett asks Richard about whether or not foreclosed-upon homes would be getting an extra discount:
"Foreclosed homes sell at significant discounts, sometimes up to 50% below market price." So says RealtyStore.com, one of many websites touting great deals in distressed real estate these days.
With...
Triplex in High Quality Area
3646 Fredonia Dr, Studio City, CA 90068
3 Units
Asking Price $579,000
This rare 3 unit building provides a great investment for a home owner looking to have extra income. The property consists of one extra large one bedroom one bath owners unit, which has been fully renovated and has a spacious deck providing scenic views of the San Fernando valley. Beneath the owners unit are two, one bedroom one bath units, with large balconies. Each unit has their own covered...
The rental market is on the upswing, according to reports. With home prices and interest rates still lower, this creates an ideal investors' market. If you are currently renting, this is also a great time to think about exploring the real estate market to purchase. Read the following report from Hotpads.com, reported on a National level.
Rental prices across the US increased 11.6% in 2010, growing from a national average of $1181 in January 2010 to $1319 by December. The steady increase in rental...
2010 Southern California and Los Angeles Real Estate Year in Review
Recap of 2010:
Although it may not seem like it, we just ended the third full year since the beginning of the real estate decline. The market peaked in mid-2007, and the first foreclosed properties appeared for sale at the end of 2007. This year has presented an oddity in that prices rose over the first half of the year and fell over the second half of the year. Certainly the tax credit and low interest rates spiked buyer...
HOT DEAL OF THE WEEK
4 Bedroom Foreclosed Townhome
8161 Canby Ave #6, Reseda, CA 91335
4 BD / 3 BA
1,717 Square Feet
2 Story Townhouse
Asking Price $205,000
4 Bedrooms Condos are a unique gem to find, especially priced well like this one. They tend to be an excellent value, provide great cash flow, and attract a lot of tenants. I have several clients who have bought similar investment units in this complex and are thrilled with their purchase, and making a steady profit.
This unit,...
