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Introduction to Los Angeles Zoning

Get it through your head: The land is important! Too many buyers don’t understand that the land component of a property is potentially it’s most important aspect. Why? Well, buildings all fall down in the long run. But land is unchanging and often has potential. What do I mean by potential? Well, in the absense

Buying a single family home for investment purposes

Recently, I’ve had some people approach me about buying houses for investment purposes. The concept is simple: There are loads of people out there who either can’t or won’t buy a house right now. They choose to rent (hopefully from me!) instead. But there are lots of people trying to sell their houses… both individual

What I want from this blog: a community

Right now, this blog is very much a one-way conversation: I write about income properties and you read about them. It’s kind of like this: But I want more. I want this to be the kind of place that like-minded people come to discuss Los Angeles real estate. I want it to be like a

The numbers are in: South of the 101 is better than Silver Lake

On the numbers alone, buying income property south of the 101 beats buying in Silver Lake. There, we said it. Before we get to the numbers, the area we’re talking about includes part of Westlake/Historic Filipino Town and the southern part of Echo Park. We’re going to call it…”South of the 101″. Here’s a map: Here’s

How to estimate what your property taxes will be

When you buy an apartment building, your two biggest costs will be your mortgage and your property taxes. It’s easy enough to estimate your what your mortgage payments will be (try this calculator)… but how do you estimate your property taxes? In California, we’re blessed with Proposition 13, which effectively limits your property taxes to

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