Feel free to contact me and we can discuss more specifically of what type of properties you are looking to invest in.
Have a great day,
Heather Paul, Realtor
If you are looking to "flip" properties, there are many excellent neighborhoods around LA County to consider. I work with few clients who strictly buy, fix/upgrade, and sell properties for a profit. It is important to first establish a budget & ROI goals, to better understand what you are looking to accomplish. It is equally important to understand what type of buyers are purchasing within those neighborhoods (all cash, conventional, FHA, etc..) due to certain limitations imposed by mortgage lenders on "flip" properties; requiring the current homeowner to have owned the property for minimum period of time (90+ days) before they would lend to a new borrower.
I am more than happy to answer any of your questions and assist in achieving your investment goals. Feel free to contact me anytime.
Angel J. Hernandez
Prudential california Realty
e mail email@example.com
Keller Williams Realty
#1 Listing & Selling Agent, KW Westside
If your looking for nice homes that move relatively quickly, it's not really the area that you are looking for, it's the price. Homes that are priced right, at market value, and not inflated will sell quicker than an overpriced home.
There are many areas in Los Angeles with nice homes, however, many of them sit on the market for over 90 days because they are OVERPRICED. A well priced home will have offers within the first 2 weeks of being on the market.
So, I what I would want to know from you is what is your criteria for purchasing a home? Are you looking to buy a distressed home, fix it up and then sell it, better known as a "fix and flip", or are you wanting to purchase a home in good condition, live or rent it out and hold it? Or are you looking for income property, 2 or more units to hold and obtain a cash income on?
What is your desired price range? Time frame - including holding time? How much revenue do you have to invest? Do you have a construction crew in place? and do you know how to evaluate homes as to condition and rehab expenses?
These are all questions you will need to answer in your mind (and on paper) and have some sort of plan to achieve your desired goals.
Feel free to contact me directly if you have any questions. Im more than happy to speak with you.
Good luck and all the best,
Kat Becker, Realtor
Prudential California Realty
Keller Williams Realty
If you are looking to flip homes then price range is very important. Once you go over $550k end user price range, it will take few month to find a buyer at market price. My record on flip home is close escrow for purchase on June 2, 2011 for my investor and with rehab completed had an offer by June 30, less than 6 days in the market. I closed escorw on Aug 7 for my investor. It was highest priced property within last 180 days within that complex. Return on their money was about 55%. If you want details call me at 310-400-4287 or email at firstname.lastname@example.org
West USA Realty Professionals - Listing Office for Bank Owned
RE Broker Associate
REO & Short Sale Agent
If you're looking to flip homes in LA, you can sell any home very quickly if you figured out the right market price. That's where you'll have to do your homework. If you're looking for good homes, they often run up to $2-5M each and by the nature of the limited buyer pool, they'll sell within months vs weeks for cheaper homes.