All Forum Posts by: Joseph M.

Sasha Fukuda what are you earning on the short term bond funds ? Just curious .

Renee Harris I just came across this site , site says they’ve been around since 1975 . They offer trust deeds on properties in CA , some of the properties are in the L.A /SoCal area . Their site has listings of different offerings . ( link below ) Their office is in Irvine Have you heard of them? https://www.val-chris.com/investors/current-and-past-trust-deed-opportunities

Article from today — Almost 50 percent more potential homebuyers from outside Arizona searched for houses in Phoenix area during the first quarter than a year ago About 23 percent of out-of-state buyers looking in Phoenix were from Los Angeles during the first three months of this year Denver residents’ top pick for moving was Phoenix — Metro Phoenix draws homebuyers from LA, Seattle and Denver https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/07/15/metro-phoenix-draws-homebuyers-la-seattle-and-denver-home-prices-household-income-redfin/772863002/

Shiloh Lundahl Just saw you are the guest on the latest BP Podcast , looking forward to listening! Congratulations!

Wes Blackwell Yeah I don’t see the trend of people working from home or telecommuting going away only increasing . Especially in the tech industry and as technology advances . Also it’s probably not too far off that self driving cars will be mainstream . It won’t be as much of a hassle or as stressful to commute if you can chill in your car , get work done on laptop or even take a nap .

Daniel Mai Daniel Mai I grew up on the Westside , been interesting to see how it’s changed . Culver City used to be know as an affordable place to live but now looks like small SFH are about $1.5 million . I guess cheap compared to $2 million plus for small fixers over in Santa Monica . Downtown Culver City is nice , I remember when that wasn’t there . What area are you looking to buy in ?

Isi Nau yeah it’s nuts . Mostly have to find off market but then everyone is fighting for those too. I hear of people doing a deal for 10% profit of sale price seems pretty risky. Besides my own home I’ve mostly focused out of state besides some land deals in SoCal . A lot of foreign buyers that have cash too . L.A is now the top investment market for foreign investors above NYC now .

Amber K. Best of luck

That’s awesome . I have done a live in flip in L.A bought back during the crash (2010) . Looking back I should of probably sold every couple years and moved on to a new project . On the market at least not really any deals that make sense here today . There are fixers with asking prices not much less than move in ready homes which is nuts . Eventually things will change but most likely nothing like the last crash. It feels like people are starting to believe real estate never goes down again , at least over here .

Wes Blackwell yeah that’s a good point . I actually have some relatives in Bakersfield that bought during the crash. The low end has gone up about 300% or more from the crash but may not have recovered yet from the peak boom highs . I do kind of regret not buying rentals there during the crash as I decided to buy a house to live in the L.A area in 2010 instead , it worked out well but returns would of been higher there . I did really want to own my own home though . Things definitely overcorrected . Yeah Sacramento looks appealing for people as it’s still quite affordable and the economy is strong now unemployment rate low . I had read a recent article that the number of people buying there from the Bay Area has gone up a lot . Not surprising since Bay Area Median price is about $800,000 and $1.6 million for city of SF.