I am a Realtor with EXP Realty serving the Greater Los Angeles area with over 21 years of experience. 📱Text/call me at 213-268-6832 📱 or 🗓️Schedule time with Felipe: calendly.com/felipecrook
You’re giving great information but Why would your guest ( Alex) highlight the benefits and activities in LA, especially when most cities are under the Rent Stabilization Ordinance, making short-term rentals less viable? And he’s so in favor of renting out as short term!
In 2022 rates fell.. we were in the middle to low 2's as memory serves. I called my loan person who did the first purchase, then 2 refi's after. The question she asked was.. are you going to pull out equity or just refi ? I said a refi. She advised against it because she said I'd paying all new interest all over again. She said it was best for me to stay at 3.25% because I was paying down the principle balance at that point. On the flip of this conversation, folks at 7% really should consider refi because.. homeowners insurance is going up all over (mine just went up 400 a year) and I'm sure property taxes are too... so with the extra savings they gain, they can use it to offset those costs.. Felipe.. does this make sense ?
I like the clean lines on the inside and that Oasis Backyard..fantastic. but the front does remind me of the office buildings from the late 70s hehehe but its kinda fun.
So the neighbors who bought the property now just have to either sell it or rent it out? I feel bad for them that they can't add it to their yard, although that was a hell of an expensive yard! 8 million and then probably another million to demolish.
@@JaneDoe-vi5yc i’m not terribly worried about them financially, but it is pretty messed up that they bought it with the intention of doing something that they’re not allowed to do after they bought it. They would never have bought that property if it was going to become a historic designation.
We have historic houses in my city too, but sadly.. many have not been cared for as they should've been. What I like, when I've visited LA Historic area's, is that I can see the people who own them understand the treasure they have in these homes. Side note; folks, I had the pleasure of meeting Felipe in person.this month. The man you see here, with this energy, is the same in person. it's real. He's personable, extremely knowledgeable, helpful and genuine. I chatted the poor guy's ear off but only because he's so enjoyable to talk with about Real Estate. If you have a chance to speak with him, you'll see for yourself. "Peace".
@@food4thght473 it depends if they are in the same industry, if they are w2 or 1099. Lots of different factors. Best way to find out is talking to a lender. Do you need a referral for a good mortgage broker?
@@felipecrook my last two jobs were in the auto industry and were both w2. I am now under a 1099 and in a different industry. A referral would be great
@felipecrook sure...in fact this past Saturday I was in close proximity. Had a very enjoyable visit there and had a chance to meet in person a super great guy and shopped at Bloomingdales. Yup. Life's good
@@felipecrook well it isn’t for me to say, but I would make that money go a LOT further. I would want my own front door and house number, and my own gardens. I don’t want to share anything for $700k
@@MrHaveaword there are some areas in greater Los Angeles where you could get a single family house but not in this area. Happy to help if you’re in the market.
@@felipecrook I didn’t check where it was located! I imagine the price reflects on the location - I’m in the market, now I know a guy! Thanks for taking the time to respond!
WOW..to have this house and Bloomingdales all in the same town...Heaven on Earth. You needed to EXPand to Sherman Oaks property showings Felipe...It's "First Class". NiCE
Nice driving video and explanation. I don't know how y'all live out there with them high mortgage and rent rates. Especially when it comes to homes where parking is an issue and you have to climb up stairs to get to your residence. I mean apartments have stairs, too, but those stairs attached to some of the old homes are way too narrow. I can only imagine carrying groceries up and down, I'd be so tired. But L.A. is cool, I am from Phoenix and we don't have as much narrowness. Lol.
Taxing capital gains on a home you lice in is theft. Investment property yes, but thats just greedy . All governments are greedy, but thats another level
You all are high. Who in the right mind would pay that? Move somewhere else and get a mansion for any money or a huge house for 500k and have 500k left over to do what ever you want.
What does he mean at 36:27 when he says (paraphrasing) "As an owner you have to ask yourself, would I want to stay there as a guest?" Considering that you have to live as your primary residence. Are there ways to get around the Airbnb primary residency law? Didn't you say that they made it illegal to do this with investment properties?
@felipecrook like we do it overnight.... you meathead. No we phase it out. No new outside investments. Why the fuck does a company like Walmart or Amazon need investors? Every company after initial startup investments becomes an ESOP. I know a few esops that are over $1b including the one I work for. I make $190k a year with a 25 year retirement plan. You just don't want to admit the system you have been indoctrinated into is dogshit and you'd rather be a cuck to it than admit you're wrong and this whole system is fucked.
@felipecrook cigna made over $30b in profit in 2023 and you wonder why medical bankruptcy is the leading cause of bankruptcy in this country? Common spirit also made about the same. Wake up you boomer minded windowlicker. Why are my premiums going towards some rich fucks yachts? Why are the nurses that delivered my baby not making enough money to afford a house you bootlicker? They're more useful than you ever will be... fucking wannabe influencer...
This is where 2001's Training Day was filmed during the part where they show the corrupt cop killed, and his 4 million dollars hidden beneath his kitchen.
I don't know about anyone else, but I appreciate the knowledge, expertise, and CNBC style reporting of Felipe in Real Estate. He's a true professional. I'm happy to have discovered his channel.
Short term rentals are one of the main causes of the housing shortage, affordability problem and inflation. When there is less and more expensive housing left people become house/rent poor. These lack of funds don’t go towards the economy which raises prices on everything. Regulations will continue. I am going to keep pushing politicians for a complete ban on ALL strs in residential in the US. They are a nightmare for neighbors & bad for housing.
Lived on Temple across from the park when I was born. The apartment house I lived in was still there last time I was there 20 years or so ago. No freeways then. There was a library and tennis courts across Temple. Was a large Filipino population. Sure looks different in a good way as I have watched it change over the years, over 80 now. Still consider myself an Angeleno living 1200 miles due east. Nice video.
Felipe.. I was "here for the premiere".. Agents are vital to a smooth transaction and while I'm not the expert you are, I feel this new way will indeed weed out those who aren't in it for the right reasons as you are (folks, watch Felipe's intro / bio video, he tells of how his journey started in this business and you'll be glad you did). Felipe will grow, evolve and continue to help people. Great show !!
@@johnshollenberger2337 thanks for the kind words John. I’m hopeful this will get some of the bad agents out of the business. Thanks for commenting and watching!
Does anyone know the rough general occupancy for a 3 bedroom, 2 bath house in LA (Van Nuys area) with a midterm rental option? Trying to compare my options on whether to got the short term, mid term, or regular long term. Thanks in advance.
Burbank has the studios and a robust economy, which attracts high earning professionals who live there because of the positive quality of life it offers. The studios and the community combined hold their elected officials accountable to keep things in check....
1. Downtown LA is dirty and dangerous... "But if you can get over that..." Nope. 2. 4th and Central. "Valued at over $2 billion dollars". Nope. Never happen. And that 4th and Central "photo" ain't no photo. It's a computer rendering of some developer's fever dream. Retail spaces? Can you say shoplifting? Smash and grab? 3. Same for "Olympia". There are NO retailers moving IN to Lost Angeles. And the city is hemorrhaging people. 4. Destination Crenshaw? You're kidding... right? Come for the art -- stay for the gunfire! 5. High speed rail from San Fransicko to Lost Angeles? What a joke. $150 billion (so far) to travel from sh*thole city to another sh*thole city? By the time this corrupt monstrosity is built both cities will look like Detroit -- maybe worse.
Felipe, you are a sharp dresser...you understand color and how to keep it casual with a touch of class...I'm taking notes...glad the rates are finally coming down...it's about time..
