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Super star dance vocalist Chris Brown and world-renown DJ Benny Benassi made quite a splash for our small city of Hermosa Beach this month when they released their new music video appropriately title “Paradise.” For us in the South Bay, we have known for a long time that we live in Paradise every single day. The music video shows Chris Brown and Benny Benassi having a ball, riding bikes on the sun-soaked Hermosa Strand, dancing on the pier, and throwing a roof top party at sunset. And of course, it would not be a dance video without scantily clad women on the beach. There really is nothing special about the video, but it is always a thrill to see The
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We have been getting a lot of questions from last week’s blog (The Insane Growth of North Redondo Income Properties) since I mentioned that income properties can sometimes be more affordable than single-family homes. The big question: how is a higher priced income property more affordable than a single-family home? This blog post will break down the numbers of affordability between the two types of properties to show you how it can be more affordable. If you are new to South Bay income property, hopefully this will open your mind on affordability and wealth creation in real estate. Please note I am not a financial advisor, lender, or a CPA. The numbers provided below are for example purposes only, and you will want
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Here at Manhattan Pacific we are huge fans of residential income property. For Millennials and first time home buyers, we sometimes suggest investing in an income property rather than a traditional home to make real estate ownership much more affordable. If you can afford payments on an $800,000 home, perhaps you can have even more affordable payments on a $1.2 million 3-unit property where the tenant rent pays for over half the expenses. It makes real estate ownership less risky and your owned asset can carry itself (and sometimes cash flow) without your personal payments much faster than a single-family home. A great place to find three to four unit residential income properties is north Redondo. We have watched this market over the years, and
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