12 reasons to buy L.A. County real estate now.

October 28,2023 | Posted By Flavia Brown in Real Estate

Dear real estate investors and prospective homebuyers:

It would be a huge mistake for prospective homebuyers and investors to be influenced by the negative press regarding whether or not to buy a home or invest in an income property in today’s real estate market. As a successful realtor for 17 ½ years, and a dedicated student of real estate, kindly allow me to present 12 reasons why today is a great time for savvy investors to buy a property. (The reasons are two paragraphs down). Many potential buyers are waiting for L. A. County property values and interest rates to decline. It's not going to happen. In fact, the opposite is happening and is expected to continue. But wise buyers are taking advantage of these market conditions by buying when others aren’t buying. (That’s Warren Buffett’s real estate advice). Specifically, investors are buying from highly motivated sellers at deep discounts. Some are at 50% off the asking price.

Real estate investing could be called a side hustle or a second career, but nothing matches buying residential income property if it is done right. You will have a steady stream of monthly income and continual property value appreciation, and it won’t cost you a dime to have a property management company handle everything (rents, maintenance, etc.). Many "gurus" purposely make real estate investing sound so complicated. But it is quite simple: Have the funding ready, find the right property, know the fair market value of the property, have your low offer accepted, investigate the physical condition of the property, negotiate with the seller over needed repairs, remove the buyer contingencies if appropriate, and close escrow.

Here are 12 reasons to buy now (and which will likely help produce a ton of money):

1) Property values and mortgage interest rates are increasing, so prospective buyers should take action before expected further increases. 2) Many sellers (owners) need to sell, so they are in negotiable mode and will consider any reasonable offer. 3) Many homes have been for sale many months (for various reasons, like relatively very few qualified buyers in the higher price ranges and over-priced homes). 4) A wide selection of available properties -- $ 600K to $195M, off-market homes, and long-time-on-market homes. 5) Unique and magnificent homes for sale all over L.A. County, including the Platinum Triangle (Beverly Hills-Bel Air-Holmby Hills) 6) A good chance to make a ton of money if the buying is done right. Example: A few mansions and other homes may be worth 100% more within five years if purchased correctly. 7) This is huge: Buyers can present low offers with no upfront money. That is, no earnest money deposit (EMD) or proof of funds will be required until after an offer is accepted and ratified. 8) For the buyers whom I will represent I will protect their interests 100%, and there will be no mistakes in the selection of a home. Furthermore, I simplify the buying process. 9) Since most potential buyers aren't buying, wise buyers who buy now have little or no competition. 10) I help investors make money-making wise investments by finding or creating good deals and driving down asking prices substantially. 11) I will give my buyers a generous legal tax-free rebate at close of escrow if my overall real estate business is going well, which it has been for the past six months. Regardless of how busy I will be, I will reimburse my buyers for their property inspection and appraisal fees. 12) For buyers who need a mortgage, I will refer them to financing specialists with interest rates at three percentage points lower than the average 30-year fixed rate. To be clear, if the average rate is 7.6%, the special rate will be around 4.6%. And the mortgage brokers will provide down payment and closing costs assistance. Note: Fannie Mae now has a 5% down payment program for 1-4 units. However, the buyer must reside in one of the units.

Note: Regarding the no upfront fees mentioned earlier, buyers can make site-unseen offers (blind offers) with zero risk. After an offer is accepted the buyer will have 17 calendar days to investigate the property (inspections, seller’s disclosures, reports, etc.) and decide whether or not to purchase the property. If the buyer wants to proceed with the purchase he/she will remove all buyer contingencies and move toward close of escrow. If the buyer decides to cancel, the deposit money will be returned to the buyer.

Note to prospective real estate investors: Having homes that are rented out all year or the majority of the year can provide a stream of steady income and tax benefits, as well as building equity. Landlords can get a tax deduction on the rental income by depreciating the property, which means deducting the cost of buying or improving a rental property. You can also use any expenses (including your mortgage, utilities, repairs, etc.) to help offset rental property income by deducting the expenses from personal tax obligations. This means that a portion of the income is tax-free.

I borrowed the following from an internet article: “Through strategic real estate investments, billionaires build vast property portfolios and generate passive income streams. Billionaires know how to acquire prime properties, but they do a lot of research first.” My comment: Extensive research is part of my exemplary service to investors and other homebuyers.

I would feel honored and proud to represent you. And my primary goal is to make a ton of money for my buyer and investor clients. Most homes can be seen with a 24-48 hour notice. Contact me via phone, text, or email to ask questions, request more info, request to see any homes, or meet with me.

Best regards,

Flavia Brown, Realtor® (17 years)
Real estate author
CalDRE #01729313
Realty One Group United
homesbyflavia@gmail.com
homesbyflavia.com
310-702-0293 (cell/text)

P.S. I recently finished writing a 33-chapter real estate book that may be the most informative and helpful book for buyers and sellers. Buying a home isn't complicated if the right steps are taken. The first three chapters pertain to the detailed precise steps in a residential real estate transaction. Chapter 5 explains how to buy a property wisely and make money. The most applicable chapters for investors: 1,2,3,5,7,8,9,27, and 32. But other chapters are helpful.

My book is temporarily on a Word document waiting to be professionally formatted and published, then it will go on Amazon, Barnes & Noble and other sites. For now you are welcome to a free copy, and you are welcome to forward it to anyone who may be interested in real estate. Click here: https://homesbyflavia.com/blog/real-estate/a-most-informative-real-estate-book-by-flavia

P.P.S. During my 17 ½ years as a full-time Realtor and 259 closed escrows, I never had a complaint and my DRE record is spotless. My transactions run smoothly and problem-free, thanks partly to my exceptional transaction coordinator and my business partner/husband with 28 years of real estate experience. I could have had more transactions, but I prefer to be at a comfortable level where I can provide exemplary service rather than seeing how many listings I can get.
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22939 Hawthorne Blvd., Suite 203
Torrance CA 90505

310-702-0293

DRE# 01729313

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