Sunday, May 10, 2009

Client Login Section Updated

The secure client login section has been modified. Not only will it include info for current and past sales, where the owners can go to check the status of the property, but also they'll be able to download important documents from escrow, etc.

But the best part is that the area has a new section called "Current Buys". This is where I have searched for specific properties that will generate an income for the first-time home-buyer / investor. These properties will need to make a conservative $1000 in net operating income, and that's just the minimum requirement.

What else will I include (there's a property in there now)? Well I analyze every aspect that effects the property, including market rents, transportation, etc.

I drive out to the property, staying aware of the different factors that would effect the value and rental income, such as area, parking, foot traffic and any glaring signs of disrepair. Curb appeal is important, but the neighborhood vibe is the first thing potential rents will absorb. Most renters use google maps and/or drive-by to determine if the area is safe enough and close enough to the center of action.

Once inside the property, it's all about what repairs need to be made, how long will they take and what issues will make the unit a hard sell (I could go on and on).

So if you're looking for investment property in Los Angeles, especially if you're a first-time home buyer or first-time investor, let me know and I will give you access to this area.

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