November 2007

This owner of this home, near the intersection of Melrose and Fairfax in L.A., may have hoped to turn it around for a quick profit, judging by its sales history. The two-bedroom, one-bath home was purchased in September 2004 for $610,000.  Just four months later, the same house was sold again, this time for $726,000 […]

“It could be the nicest house on the block,” says Edmund Sung, representative of 160 S San Rafael AVE. I should hope that it will at least be in the running, considering your 10 million dollar investment is only the start– going mostly towards land. What once stood here was a 21-room, 12,000 sq.ft mansion:

    Unless you’ve found a rock bottom deal with short term appreciation potential, this is not a flip market.  But it is a good market for investors who are willing to buy and hold.  Here are some basic guidelines for assessing the viability of investment property. Step 1:  Calculate Expenses Follow these steps to

Though I think that in SF, desperate buyers still outnumber desperate sellers, we do get our share of the latter- especially these days. So for buyers who want to enjoy that shoe-on-the-other-foot feeling because it may mean better prices and terms, here are a few listings with “motivated sellers.” I’ve quoted their language directly, and used their