Batsakis Real Estate

May your #Halloween be spook-tacular!

Look through this guide to see which of these robot vacuums is worth the investment. #smarthome #tech

Before #packing up your belongings for a move, consider these things. #relocating

Look through these top picks to find the best sealant for repairing a roof. #doityourself #homerepairs

Reaching the inside of this tiny cabin is made possible by a rear staircase. #coolhomes #archilovers

Love being able to help clients get what they need while putting a money smile on their face Today I was able to get a tax deduction on a restaurant that was literally paying double the amount of property taxes than it should. Not only was I able to reduce the annual property tax but I was also able to get a refund for the amount paid through the years. If you are looking to either buy/sell an investment, finance an investment or fight to reduce your property tax. My team and I are ready to help you put a money smile on your face next

It’s hard to beat someone who never gives up. . . Great event getting to see @thelesbrown speak and connect with other like minded entrepreneurs at the Own Your Dreams book launch.

Just sold! Escrow closed yesterday on a property in Bishop, CA. Property is currently an abandoned orthodontist business. The new buyers plan to construct the property into a Medical Marijuana dispensary . .... I represented both parties who were equally satisfied with the transaction and the overall smoothness of the deal. We closed in less than 30 days! . . Checkout my website (link in my bio) to see what properties are for sale in your area. . . -Batsakis Team @yiannis_batsakis See more

Price reduction on this beautiful home! Check the bio for the link!!

The market in the Palos Verdes/ San Pedro area is currently priced low compared to its surrounding cities while as steadily increasing in value. Perfect time to invest!!! Either for a rental property, flipper or as a primary home. Lots of great opportunities are currently available. For example: I have been working with a investor who just purchased a 2 story home at an amazing price to be used as a rental property in San Pedro. The plan is to divide the upper floor into 2 single bedroom units and keep the bottom floor as a 3 bedroom unit. Previous monthly rental income was $2,600. But when the renovation is complete the rents will be $6,000+. Not to mention the increase in property value. Great return. Call/email us today and Team Batsakis will do the same for you. Investors welcome!

A smooth sea never made a skilled pirate! Keep going on your grind!

I get this question a lot from my clients. Should we wait until the market drops to buy? I say It depends if you wait the prices may drop but interest rates will rise having you spend a lot more in the long run than you would of at a lower interest rate and higher home price! . . This picture puts everything into prospective. BUT if you plan to buy the property all cash or as a house flipping project (short term) then it’s a good idea to buy when home prices are chea...per! . . But if you are using a loan, interest rates is what you need to focus more on than the price as in the end you will be paying a lot more. . . And as always, more than happy to help you with this process @jbatsakis

Cows run away from the storm while the buffalo charges toward it-and gets through it quicker. Whenever I’m confronted with a tough challenge I do not prolong the torment. I become the buffalo!! -Wilma Mankiller Become the buffalo!!!

This is the ultimate goal I wish for myself and my friends/clients! It’s not easy, but it’s also not impossible! With the right knowledge, determination, and risks nothing can stop you for living your life like you dream!

I often get asked when the best time to buy is, but in reality the best time is whenever you are willing ready and able!! - If you are investor and plan to buy and sell in less than 5 years then yes, buy when the market is low (now) and sell when it’s high! . But if you plan to hold on to the property (which I always recommend) then anytime is the right time! Just make sure you run the correct numbers or have me run them for you, as I’m always willing to help!

Prestigious properties at a discounted rate? Too good to be true right? Contact me today for a free tutorial on what I can help you accomplish for a lifetime of passive income and opportunities! . . Follow me for more R/E content! @John_batsakis .... . [email protected] See more

These are 3 of the top calculations everyone should know when doing an investment deal!! There are many others, but these provide a bigger picture and can help you determine a property sales prices as well as showing you any potential red flags.. 1)Net Operating Income is equal to a property’s yearly gross income less vacancy allowance, bad debt allowance and total operating expenses. Be careful when when the seller tells you the NOI! Often times sellers manipulate the number...s in order to make the property look better. So ALWAYS do your own due diligence. 2)The Capitalization Rate or Cap Rate is a ratio used to estimate the value of income properties. Investors, lenders and appraisers use the Cap Rate to estimate the purchase price for different types of income properties. The Cap Rate is the property’s net operating income divided by the sales price or value of a property expressed as a percentage. All cap rates should be the same in surrounding neighborhoods!! If the cap is to high or too low from the comparables, this shows that there is something going on with the property or the owners numbers(Red flags)! Again do your own due diligence!! 3)Debt to coverage ratio are for those using financing. The Net Operating Income (NOI) is a key ingredient in this important ratio. The NOI is divided by Debt Service (Which is the total of all interest and principal paid in a given year). Lenders and investors use the DCR to measure the ability of a property’s income to cover its operating expenses and mortgage payments. A debt coverage ratio of 1 is break even. Many financial institution lenders require a minimum DCR of 1.1 to 1.3 to be considered for a residential or commercial loan. From a bank’s perspective and an investor’s perspective, the larger the debt coverage ratio, the better it is. Again finding the correct LOI will make or break the deal as it is used in many calculations. Many sellers manipulate the numbers to make the numbers look good! Don’t be taken as a fool! Make sure you/or your agent make the correct due diligence & calculations to assure you don’t get stumped when it’s to late! Follow @john_batsakis for more Real Estate content!!!