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Your Neighborhood Realtor
Serving Silverlake, Echo Park, Angelino Heights, Eagle Rock, Mount Washington, Highland Park and Surrounding areas
This Months Newsletter
The Desert
I think you have recently seen mention from me regarding good opportunities in the Desert. I got interested in the Desert because it was brought to my attention a few months ago that the Southern California Desert is a place where property values have plummeted but rents not nearly as much. I started getting active there and, lo and behold, I now have one client in escrow on a 10 unit in Banning, Ca. for $460,000, and the rents are $6500 per month ! Those numbers are far better than anything I could have delivered to her here in town. We’re getting an inspection done now but from everything we can tell the building is in decent shape and it really does have those tenants and it seems like they aren’t going anywhere. Well you do the math.... that’s a great investment ! Then I am about to have another client in escrow on the one I recently email blasted about in Joshua Tree. That one will go for about $115,000, give or take, and will be getting $ 1200 per month. Not as good numbers as the 10 unit, but still very good, and a very secure investment as it is only 30 years old, has a handyman for a tenant and has a reliable property mgr two blocks away who has already been taking care of the place for the past 6 years.
So then I said to myself, “what else is going on in the desert ?” So, my assistant and I recently rolled up our sleeves andlooked, and we have found some great stuff THAT IS AVAILABLE RIGHT NOW, with numbers that rival (and maybe even beat) the numbers on the above- mentioned properties. And, by the way, these are not short sales.Specifically:
a)
A 5 unit in Banning for $275,000 which is getting $3115/mo rent and has new roof, new electric panels, new hot water tanks, new flooring, new appliances, etc,etc. Those numbers are wonderful, right ? Sound too good to be true ? Well, not everyone is adventurous enough to buy in the desert. But those who are stand to profit mightily. And I can help you with all your due diligence to make sure it is truly a viable investment.
b)
An 8 unit in San Bernadino for $488,000 that is getting $5450 per month. Don’t know its condition but it’s only 30 years old.
As we speak my assistant and I are finding a few more like this. Bottom line, if you are looking for a place to put your money that will get you a really good return, and you like Real Estate, then you should get in touch with me immediately and I will help you make it happen. I am going to be buying some of these myself, but there’s plenty to go around.
Call me right away!
-Ken
www.silverwoodproperties.net
Why Silverwood Properties is Your Best Choice for Real Estate
in Silverlake, Echo Park, Mt Washington, Highland Park and Surrounding areas
When you need assistance in buying or selling properties in Silverlake, Echo Park, Mt. Washington, Highland Park or surrounding areas, Silverwood Properties is your best call. It is owned and ran by experienced and knowledgeable agents who live right in the neighborhood and know and love the area.
No one knows more about what is happening in Northeast Los Angeles than Ken Shapiro and his team at Silverwood Properties. It's their precision and accuracy when it comes to timing the market, pricing to sell and bidding to buy, that gives you a great advantage. And you can count on very personalized and caring service.
In the last few months, Ken has assisted clients in more transactions - whether buying or selling - in this area than practically any other real estate agent, regardless of size.
You'll like his "one-stop-shopping" approach, meaning he can take care of all your mortgage, title, escrow, appraisal, and inspection needs -everything you need to complete your transaction.
And, if you are new to the game of buying or selling real estate, he'll explain everything to you so you completely understand how the process works, and clear up any confusions or lack of information. He and his team at Silverwood Properties are excellent negotiators and will always do everything possible to get you the best price and terms on your purchase, whether you are a buyer or seller.
They will do everything necessary to ensure that your experience as a buyer or seller is a totally pleasant and successful experience.
Here you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Los Angeles areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on my web site.
You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Los Angeles areas.
So whether you're buying or selling, feel free to contact us and we will be happy to help you with all your real estate needs.
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