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From the Offer through Removing Contingencies

The advent of services like Redfin and Zillow have made everyone into a real estate genius. You can see what’s for sale, what’s sold, the comps, everything. Don’t let that make you think you know what you’re doing. You don’t. Buying real estate is really complicated. To get that wonderful property you see on Redfin,

How to find out what an LA property owner paid

One of the hardest things to do when buying a property is figuring out what price to offer. You obviously want to pay the lowest price possible. But most owners are not willing or able to take a loss. So you need to consider what the owner paid for the property. There many different tools

How Prop 13 advantages Los Angeles apartment owners

How would you like to be in a business where the law dictates that your biggest expense grows more slowly than your revenue? That’s what happens for owners of rent controlled apartment buildings with under-market tenants in Los Angeles. Here’s how: As an apartment building owner, your biggest operating expense every year is the property

Prop 13: Why California residents should own real estate

If you live and work in California and you don’t own real estate, you’re getting screwed. Let me explain: California residents, furious about rapidly increasing property taxes in the 1970’s, passed Proposition 13 in 1978. The law does the following: Causes real estate to be assessed for tax purposes at the time of purchase Limits

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