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Rent vs Buy in Los Angeles County : Real Estate Advice

  • All505
  • Local Info29
  • Home Buying261
  • Home Selling32
  • Market Conditions12

Activity 28
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Sun Aug 16, 2015
Alex Montelongo Real Estate Group answered:
Are you looking to rent or buy? I have helped many first time home buyers in my career. I'd be glad to talk about the whole process.with you if you are available. Please feel free to check out my profile here on Trulia and call me when you have a moment.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
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0 votes 10 answers Share Flag
Alexander Pa…, Real Estate Pro in Corona, CA
Wed Aug 5, 2015
Alexander Parker answered:
Hello Myemail758, Would love to assist you with this question. There are currently about 176 rentals available in Beverly Hills, however that number includes single family homes, townhomes, and condos. I'd be able to get you a better dollar per square foot if I knew what type of property you were interested in, how many bedrooms, and whether you were interested in renting closer to the Santa Monica Blvd area or more north near Mulholland Drive?
Thanks.
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0 votes 1 answer Share Flag
,  in
Thu Apr 30, 2015
answered:
I do not know about rent to own, But based on your income assuming that you do not have much debt. there are 10 properties you could buy, all with $2000 or less to move in.

The bad news is they are all one bedroom or studio

But they are all located in the downtown area, between PCH and the beach which is a pretty good area. (by the Queen Mary)

If you have a car payment it would lower the number to choose from or may eliminate you all together.

But give me a call and we can go over it. 714-968-2500
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0 votes 3 answers Share Flag
Alex Khalili…, Real Estate Pro in Woodland Hills, CA
Mon Mar 16, 2015
Alex Khalilifard answered:
Hi Brujilde,

You may be required to put more deposit down since you have bad credit.

Please let me know if you have any other real estate-related questions!

Alex Khalilifard | Realtor - General Contractor
BRE License #: 01937591
Listing and Selling Agent
RE/MAX
Alex@TopHomesLA.com
Direct: 818.925.8088
http://www.TopHomesLA.com
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0 votes 6 answers Share Flag
Alex Khalili…, Real Estate Pro in Woodland Hills, CA
Mon Mar 16, 2015
Alex Khalilifard answered:
Wanda, please speak to an attorney before you make any decisions. You may end up losing your deposit.


Please let me know if you have any other real estate-related questions!

Alex Khalilifard | Realtor - General Contractor
BRE License #: 01937591
Listing and Selling Agent
RE/MAX
Alex@TopHomesLA.com
Direct: 818.925.8088
http://www.TopHomesLA.com
... more
0 votes 2 answers Share Flag
Von Bonilla, Real Estate Pro in Arcadia, CA
Fri May 23, 2014
Von Bonilla answered:
Hello,

You can search here http://www.trulia.com/for_rent/Philadelphia,PA

I hope this helps!

Von
0 votes 1 answer Share Flag
Taylor Cress…, Real Estate Pro in Palm Harbor, FL
Wed Apr 30, 2014
Taylor Cresswell answered:
If you give me a call/text (424) 302-8008 or email me at (taylor@topsocalrealtor.com), I can get you a list of apartment within a certain mile radius, or pick a few out by amenities.


Feel free to also check out

http://www.topsocalrealtor.com

For some FREE informative articles & reports for sellers.

Also http://www.taylorcresswell.com has properties that are currently available for sale.

Taylor Cresswell
Real Estate Agent
BRE# 01945015
(424) 302-8008
taylor@topsocalrealtor.com
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0 votes 6 answers Share Flag
Benny Chavez, Real Estate Pro in BELLFLOWER, CA
Wed Mar 5, 2014
Benny Chavez answered:
The secret is to be comfortable with your payment. You've rented before so that is your proof that you can make a monthly mortgage payment. The difference is you will purchase at a set price and begin paying down the mortgage unlike a lease where it will only increase year after year. If you decide it's not for you, you can always sell and at least get some of your money you invested back whereas with a rental you might not even get a thank you from your landlord. ... more
0 votes 3 answers Share Flag
George Kasab…, Real Estate Pro in Arcadia, CA
Tue Jan 7, 2014
George Kasabian answered:
It varies exact location. Is it up by the hills or right by the Franklin? Also is it furnished, has the kitchen and bath been updated?... typically your rental price will be right around $5,000-$8,000. ... more
0 votes 2 answers Share Flag
Lea France, Real Estate Pro in Los Angeles, CA
Thu Jun 6, 2013
Lea France answered:
It all depends on your financial stability, future goals, and really knowing what you want to do and where you want to live. Can you afford the hidden cost of homeownership?
0 votes 19 answers Share Flag
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Sun Sep 16, 2012
Tim Moore answered:
Just being underwater does not mean the world is coming to an end. Are you making the payments? Are you falling into debt or just upset because the house is not worth as much? I had a house in 1992 that was worth less that I paid for it but I kept it and in 2006 it was worth 3 times what I paid and today it is about 2 times what I paid so things work out in time. If you can hang in, then do so. ... more
0 votes 2 answers Share Flag
Julie Kryuko…, Real Estate Pro in Beverly Hills, CA
Tue Aug 14, 2012
Julie Kryukova Meggat answered:
1 bedrooms can be a little tough but if you look at the prices for decent one bedrooms in west hollywood..you'll see that it makes sense to buy. You must factor in HOA fees, taxes, and insurance and make sure you can comfortable afford the condo. The thing about renting is that if it becomes a problem you can break a lease, but selling a property takes time and can land you in hot water if it becomes too much to handle.

Make a list of your expenses and the income coming in get a clear picture of your expenses. I would also speak to a mortgage expert who can give you some realistic numbers to consider before you can make a clear decision of buying vs. renting.

Feel free to contact me.

(310)402-8181
jkryukova@gmail.com
www.juliekproperties.com
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0 votes 3 answers Share Flag
Renee Kische, Home Buyer in Los Angeles, CA
Tue Jul 10, 2012
Renee Kische answered:
The home sizes & amenities vary; as well as, the closeness to the sign. We've rented 800sq. ft for $3000 & 5000Sq ft. for $10K.
Kindly forward more specific parameters and it will be easier to narrow down your needs.

Stay connected,
Renee Kische
Realtor
Keller Williams Realty Hollywood Hills
www.AccessHollywoodRealEstate.com
renee@bestLAliving.com
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0 votes 3 answers Share Flag
Alison Hillm…, Other/Just Looking in San Francisco, CA
Mon Jul 9, 2012
Alison Hillman answered:
Hi Melody,

Have you tried reaching out to a Trulia pro yet? I would recommend picking an agent from our list of experts in the area:

http://www.trulia.com/voices/directory/Los_Angeles---22637

Check that out and please let me know if you have additional questions!

Best,
Ali, Community Manager
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0 votes 1 answer Share Flag
 sdrftughbjn, Real Estate Pro in Beverly Hills, CA
Fri Jul 6, 2012
sdrftughbjn answered:
My honest opinion would be to continue saving and wait.

I wouldn't suggest putting all your money into a $100,000 condo at the same time as taking on debt for a condo that, if in West Hollywood, will be in a subpar building and won't really be all that desirable to many people. I would advise you to find a modest place to rent and continue to save your money to put into a better condo in a few years time.

You are still very young and have done extremely well to be in the position you are, but think what two years, a steady job and wise saving could do for you. A good first time buy condo, in a desirable location, in a quality building you ideally want to be looking in the $200,000 range.

Check out my website realrealtyla.wordpress.com and check out a stunning, fully updated unit in a great part of LA that just hit the market today for $205,000. These are the sorts of units you can get if you continue saving for a little longer.

If you have any other questions or concerns please do not hesitate to email me at Realrealtyla@gmail.com. I also have a profile on Trulia that includes some of my previous blog posts, recommendations etc.

Best of luck,

V
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0 votes 5 answers Share Flag
Tony Warfield, Real Estate Pro in Manhattan Beach, CA
Sat Jun 23, 2012
Tony Warfield answered:
Hi Eddie,
There are also other 4plexes for sale near El Segundo
1 in Playa del Rey
2 in Hermosa Beach
7 available in Redondo Beach
1 in Torrance

Let me know if you want additional information on any of these properties. They range in pricing from $850,000 to $3,999,000

Tony Warfield
Associate Broker
3 Leaf Realty
Tony@3Leafrealty.com
(310) 634-9342
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0 votes 2 answers Share Flag
Dorene Slavi…, Real Estate Pro in Torrance, CA
Sun May 27, 2012
Dorene Slavitz answered:
Dear Cruse-co.
I can give you averages but not specifics since I don't have an address and can't see the property. This is the Hollywood Hills area from your zip code. The range is from 3,200-10,0000. There is a huge range that relates to square footage, amenitites, location etc .
For an accurate estimate it would be in your best interest to hire a Realtor to price, list and lease your property.
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0 votes 2 answers Share Flag
Donna Baker, Real Estate Pro in Monrovia, CA
Mon Oct 24, 2011
Donna Baker answered:
Lease to own has fallen out of favor for many years for several reasons. Most importantly, when a seller agrees to a lease option, they agree on a sale price and a monthly "rent" that is inflated so that some portion of the rent goes into an account that accumulates a down payment. So if the normal rent would be $2,500 a month, an owner will charge $3,500 and put the extra $1,000 into an interest bearing account for the renter, who is virtually saving for a down payment. That all sounds good, except let's say the owner agrees to sell the tenant the house for $500,000 when the option is exercised. So maybe in two years the renter is ready to do that, but home values have increased, and now the house is worth $600,000. The seller still has to honor the original sale price, so he loses $100,000 in that scenario. On the other side of the coin, let's say that two years goes by and now the value has decreased, so that the house is now only worth $400,000. In that case, the buyer is committed to going forward at the agreed to price, thereby overpaying for the house by $100,000.

That's why they're not popular. In my ten years of real estate, I've never seen one offered at all.
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0 votes 1 answer Share Flag
Shannon Fren…,  in Baltimore, MD
Thu May 19, 2011
Shannon French answered:
Excellent advice Mr_Real_Estate!
0 votes 6 answers Share Flag
Danny Tran,  in Los Angeles County, CA
Sun Feb 20, 2011
Danny Tran answered:
I know this area, I think, I can help you to relocation. You may put all option on the table, and go it over to pick out the best option for you. Please contact me.
Thank you

IRN REALTY
1289 W. 7th St
Upland, Ca 91786
818-317-4698
Tranpomona@yahoo.com
... more
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