From David's @BeachCitiesRealEstate Page on FB

Showing posts with label Income Property. Show all posts
Showing posts with label Income Property. Show all posts

Wednesday, April 21, 2010

Apartment Rents Rise as Sector Stabilizes - WSJ.com

Good sign for residential real estate and income property investors as well: Apartment Rents Rise as Sector Stabilizes - WSJ.com. The article mentions that rents have continued downward in the Inland Empire, attributing this to a rise in purchases! If even that market is stabilizing, then the stability we've been seeing in the South Bay since February seems to have reached pretty far inland. - David

Saturday, April 3, 2010

Residential Income/Investment Properties Analyzed in Detail!

Considering an investment in residential income properties within 2-3 miles of the beach? 

I've just completed an exhaustive analysis of currently available apartment buildings from Santa Monica to Redondo Beach in the $2-6 million range.  Found cap rates as high as 5.4% and gross rent multipliers as low as 11.1.  Of course, those are based on asking price. 

Also found lots ranging to 1/2 acre; cost per unit as low as $164,750, cost per bedroom as low as $106,094, assumable financing as high as $2.5 million.

If you could be interested in an income property investment, please feel free to contact me! - David

Wednesday, March 10, 2010

Should I Become a Landlord? - WSJ.com

Interesting topic, whether to sell a single family home or become a landlord. There are many considerations, some addressed in this brief Q&A:

Should I Become a Landlord? - WSJ.com

There are many more factors to consider; overall it's important to remember that a single family home in a nice neighborhood is not a "natural" rental as is a unit in a duplex, triplex, or apartment building, but can make sense in the right circumstances. Comment with questions if you'd like more info. - David