I work with many investors, developers, and investment-minded home buyers on a daily basis. One of the top questions I get asked is, “The South Bay is too expensive, where else can I buy for good future appreciation?” First off, you should never buy on appreciation unless you are an experienced investor and have capital that can handle speculation. One should always buy on cash flow for the purest form of investment real estate. That being said, here is your answer… NOT Inglewood The city we get asked about most is Inglewood. I subscribe to the old Warren Buffet quote, “…be fearful when others are greedy and greedy only when others are fearful.” If you are thinking
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Month: February 2017
Following my recent post Ultra-High Priced South Bay Real Estate, today I plan to touch on more South Bay high-end luxury homes before we move into the thick of spring selling season. My reasoning? I believe we are at an inflection point for the high-end market here in the South Bay. It is important for my readers (even ones on a home buying budget) to know what is going on in this sector of the home market because high-end homes can be a leading indicator for the broader market and certainly a significant driver. If you receive my quarterly newsletter then you know I have been highlighting the glut of inventory on The Strand. A lot
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If you follow me on Instagram then you know I spent a full Saturday in Riverside…for NINE HOURS. Why, you ask? I went to hear Bruce Norris’ latest California real estate market report and predictions for California single-family home prices. This dude is amazing. I started following Bruce back in 2007 when I began my real estate career. He was and still is very well known for producing excellent reports which in turn deliver accurate predictions for California real estate. Bruce Norris’ Background Bruce is a professional real estate investor who focuses on southern California homes. He does this via buying and holding, operating a large home flipping business at foreclosure (trustee) sales, along with running a
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This week I wanted to touch on some great recent property offerings in the South Bay. These beach city properties offer great value today relative to the market and have very strong prospects for the future. 421 Via La Soledad in Redondo Beach This is one of the most compelling home buys of 2017. A probate sale that has not been touched for a very long time, however, the existing bones are terrific. And the views are amazing! I love this property because it is a 4-bedroom home below $1.3 million with $3 million views of the South Bay. This opportunity is perfect for a first-time home buyer or move-up buyer. Purchase the property now, refresh
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