All Forum Posts by: Monica Der

126 Step program, you pay them $99 per month plus more and you have to feel like you are doing work? I think this is a ridiculous company that tries to control their customers instead of help their customers.

Hi Willem,

Anytime you want someone to bounce ideas off of you can reach out to me! Sounds like you want to make investing a full time job and scaling. My first question to you would be how important to you is it to keep your place in Palm Springs? Depending on your financial situation, always talk to your CPA about tax implications and a good lender for getting the best loans to leverage your capital. If you are interested in scaling, you could use the Seller financing strategy for multifamily.

 This is genius! Thanks so much I'm going to use this

Craigslist, or if the rent is high enough, ask an agent to put it on the MLS

The market in LA is always going to appreciate over the long term. Very safe to buy and hold.

In June 2023, the Hancock Park-Wilshire Single Family market saw a total sold volume of $22,866,525. The average sales price for properties in this area was $2,858,315, with a median price of $2,599,112. The average list price for active listings was $2,869,218, and the average days to sell a property was 46. The average sales price to list price ratio was 99.62%.

In terms of listings, 8 properties were sold, while there were 47 active listings and 8 pending listings. The minimum list price was $971,750, the median list price was $2,322,500, and the maximum list price was $9,200,000. The average days on the market for active listings was 101, and the average list price was $2,452,069. The average price per square foot for these listings was $507.29.

For closed sales, 8 properties were sold with a median list price of $2,647,500. The minimum price for a property sold was $925,000, while the maximum price reached $7,400,000. The average days to sell a property in this category was 46, and the average price sold was $2,858,315. The average price per square foot for these sales was $499.85.

They are doing it! Some ways are

1. Finding a 2-4 with space for an ADU or already built ADU

2. Renting out rooms in their unit as well as the other unit(s)

3. Putting down 3.5% with FHA but having a good steady income to supplement any potential vacancies or larger repairs if needed.

4. Remove any tenants who are way below market rate by using loopholes and relocation fees

5. Keeping an eye out for already vacant properties!

For single-family homes in Hancock Park in June 2023, the total sold volume was $51,096,025. The average sales price for these homes was $2,838,668, with a median price of $2,539,112. The average list price for active listings was $2,754,000, and the average days to sell a property was 30. The average sales price to list price ratio was 103.07%.

In terms of listings, 18 single-family homes were sold, while there were 81 active listings and 21 pending listings. The minimum list price for a single-family home was $674,900, the median list price was $2,475,000, and the maximum list price was $22,995,000. The average days on the market for active listings was 52, and the average list price was $3,898,712. The average price per square foot for these listings was $1,015.20.

For closed sales of single-family homes, 18 properties were sold with a median list price of $2,347,500. The minimum price for a single-family home sold was $1,150,000, while the maximum price reached $6,000,000. The average days to sell a property in this category was 30, and the average price sold was $2,838,668. The average price per square foot for these sales was $1,049.23

Paste into your browser address bar for full report

file:///Users/monicader/Downloads/Neighborhood%20Snapshot-Section-Reports-Area-18-month-6-year-2023.pdf

Bruce rent control will apply to all Multifamily units including 5+ here are the properties it applies to yours would be apartments 
https://housing.lacity.org/res...

here are the loopholes for no fault eviction city of Los Angeles

https://housing.lacity.org/res...

Hi I can help you out with this! I will send you a message