Nick Nekoo, Top Los Angeles Real Estate Broker at Prestige Beverly Hills

CHECK THIS OUT! We bought this property for a client in November. It has 2 units. Went under contract at full price for $724000 and after renegotiating for the repairs, we closed at $710000. Spent another $80000 renovating it and added a beautiful ADU. We expect it to generate $6400-6500 a month. That's $78000 a year. Total monthly expenses including mortgage and insurance are $3150, so it will generate $40000 a year positive cash flow. ... Initial investment was $300000 including the 30% down payment, closing costs, and repairs. $40000 a year is 13.5% return on that investment. Meanwhile, the tenants are paying off the mortgage and at the same time the property is going up in value. Also, the interest, taxes, insurance and all expenses are tax deductible. Plus there's an annual $19600 depreciation deduction. So in reality the actual return on investment is well over 20%. These days everyone is talking about Tesla stocks and Bitcoins. Yes, those are great, but there's no guarantee they'll be there when you wake up tomorrow. I know from experience! Tesla's entire value is tied to one man and one man only. Elon Musk. Remember last January when we all woke up to Kobe's news?! And Bitcoins?! I can talk about that for hours! Real estate is and always has been the most secure investment one could have. What do you care if the prices crash to 50% tomorrow? You're still collecting your rents. And we all know its a cycle and will bounce back up, why? Because the population is growing, and people always need a place to live, and you can't make any more dirt. If you can convince me otherwise, I'm all ears. So who should invest in real estate? You should! Call your agent today and get started. If they don't know how to do it right, then call me. I'll be happy to guide you through the process. Happy hunting!

BAD NEWS FOR SINGLE FAMILY HOME INVESTORS! Single family investment property mortgages just got more expensive! As of April 1, 2021, there will be a 5% loan fee, plus Fannie and Freddie capped their volume from 15% to 7% on investment mortgage purchases!

The moment rates are increased, these crazy prices will come down crashing in a free fall!

NICK SAYS: when applying for a mortgage, January rates are historically 0.2% lower compared to June and October NICK SAYS: when applying for a mortgage, January rates are historically 0.2% lower compared to June and October

This south of the boulevard villa is move in ready for any homeowner as well as a proven source of steady income for investors. Situated privately behind gates this home leads w/a massive motor court & over 6,200 sq ft of living space on nearly a half-acre lot. Built w/a 2-story entry, marble floors, 6 en-suite bedrooms w/walk-in closets (3 up, 3 down) & a total of 7 baths. Amenities include a great room, movie theatre, dining room, family room w/wet bar & fireplace. Updated ...gourmet kitchen with quartz counters & backsplash, custom cabinetry, 3 walk-in pantries, built-in banquette breakfast nook, six-burner cooktop, double dishwashers, Viking double ovens, beverage cooler & built-in Miele coffee center. Master includes a fireplace, custom walk-in closet, a bar, luxurious bath w/dual showers, one with steam, spa tub w/ fireplace & dual water closets. Lastly, step outside to the thoughtfully landscaped backyard. See more

Development Opportunity in Bel Air ( RTI expires JULY 2021 to pull Permits). Property has 75 Feet wide street front, Lot size 1.25 Acres. Some basic features includes : * 13,277 Sq Ft Living Space + 4,306 Sq Ft basement = 17,583 Sq Ft. * 6 Bedrooms, 8 Full Baths & 3 Half Baths. * 10 Car Garage (drive in/out front driveway) * Bowling Lanes & 12 seats Theater Room. * Attached 1,200 Sq Ft Guest Studio (2 Beds, 2 Baths, Kitchen & Family Room) * Unique Atrium Design with elevator . * Pool, Jacuzzi, Gym, Bars, Cellar, Bunker .. *The existing Estate ( 2,087 Sq Ft 3 beds 3 baths ) was built in 1962* Digital Approved Plans available upon request. List Price Includes: APPROVED PLANS (Ready to Issue Permits)

If you intend to keep a property for a long time, a LIVING TRUST maybe a good option to consider.

CASH INVESTORS WANTED! This one will go fast!!!! Hands off absolute NNN property delivering 7.35% actual CAP with a major anchor tenant in the heart of Portland OR. 5 years remaining lease with 2 more 5 year options. Asking price around $3,000,000. Call or direct message me for details. Principals only.

HOUSE FOR SALE, COMPLETE WITH A MOVING TRUCK!

$17,500,000 with an INSANE 11.8% CAP in Orange County, CA!!!!

https://amp.theguardian.com//california-covid-19-evictions California Pizza Kitchen has filed for bankruptcy. Dunkin Doughnuts is closing down more than 800 stores. These were only today’s news. We are seeing more and more franchises closing down shops. And Regardless of how the lawmakers approach the tenant issues, real estate values will get hit hard. Whether they implement a long term moratorium on evictions, or come up with a rent relief / forgiveness plan, millions of evictions across all real estate platforms are eventually unavoidable. Or the landlords could choose to sell their properties at significantly discounted prices. But regardless, we will see a surge of these properties eventually hit the market to increase supply much more than there is demand.

Attention Investors: 8.3% Cap Rate! 18,215 SF Retail Building with PetSmart National Tanant in WA, an Income Tax Free state, NNN lease with no landlord responsibility, offered at $2,700,000. Principals only. Inbox me for details.

ATTENTION INVESTORS: 6.05% Cap Rate! 5,893 SF 100% Leased Retail Building in Chicago, with Chase Bank as 65% tenant. Great location near the beach and Cubs Stadium. NNN hands off investment. 2% bumps per year with 10% bumps at 3 x 5 year options. Offered at $3,812,500. Principals only. Inbox me for details.

Attention Real Estate Investors: 6.57% Cap Rate! 6,633 SF Stand Alone Building in CA, Single Tenant NNN Investment at $2,300,000. Principals only. Inbox me for details.

Mortgage delinquencies more than tripled in April. Will we see another crash in near future?

The worst nightmare for many landlords!!!

Coronavirus holding you back from showcasing your home to the right buyers? We can help.

*TURN ON SOUND* Happy Mother’s Day to all the mommies in heaven Music: Just for You by Giovanni

IMPORTANT NEWS! If you haven’t received your $1200 stimulus package payment, you can visit Get My Payment from IRS site now and enter your information to receive your payment. I checked the site and it’s legit. Click on the blue button Get My Payment https://www.irs.gov/coronavirus/get-my-payment

Stay informed so you can make the right decision.