LB Congressional Race – Mayor Robert Garcia has announced that he is running for Congressman Alan Lowenthal’s seat as Alan has decided to not seek re-election. In addition, Assembly Member Christina Garcia, Dem, from Bell Gardens is running for the same seat. The election is on November 8, 2022. Mayoral Race – Next week I […]
Congressional Race and Long Beach Election Updates – December 28, 2021 Read More »
The newly signed historic Infrastructure Bill, also known as the Infrastructure Investment and Jobs Act, was a much-needed $1.2 trillion investment towards infrastructure maintenance and upgrades across the country. However, the million-dollar question for real estate investors, homeowners, and real estate professionals is “how will the infrastructure bill impact the real estate industry?” The short
Good evening,Please see the city email from Development Services regarding payback of deferred rent owed by Section 8 tenants: Hi Mike – Thanks for your note. I appreciate you helping to bring together property owners to learn more about the Long Beach Emergency Rental Assistance Program (LB-ERAP) yesterday. Yes, Section 8 tenants can get assistance
Section 8 Deferred Rent – November 9, 2021 Read More »
Despite the skyrocketing price tags and living costs, California’s housing market has always been a favorable option for real estate investors because of the significant amount of appreciation an average property accumulates over many years. Although it has been experiencing an exodus of former residents moving to other states, California itself is still one of
Good Morning, If you are interested below is call-in info for a call today with Christopher Koontz and Patrick Ure with the City of LB regarding deferred rent payback updates. Many of you have been unable to collect deferred rent owed due to your tenant’s income levels higher than the federal requirement of 80% of
Substantial Remodel and Deferred Rent – November 8, 2021 Read More »
Good Afternoon, Please accept my apologies for not getting this out sooner, but please find attached the October 5th agenda item that passed, which makes the application form for deferred rent much easier. The second document is an agenda item tonight that accepts more money from the feds for deferred rent programs. Finally, if you
Long Beach Deferred Rent Relief Programs – October 12, 2021 Read More »
There’s a little-known formula in real estate finance that turns small-time investors into millionaires. It’s counter-intuitive to the old adage that “cash flow is king,” and if you apply it and use it correctly, it will transform your financial future. It’s called return on equity, and what you’re about to learn will change the way
The SECRET Formula to Getting Rich in Real Estate: Return on Equity Read More »
In this Q3 2021 Long Beach Multifamily Real Estate Market Update, we will cover all these questions and issues concerning apartment owners and landlords: Expiration of the California Eviction Moratorium The California Eviction Moratorium ended on September 30, 2021 leaving many wondering how it will affect the real estate market. Some apartment owners believe that
Long Beach Multifamily Real Estate Market Update: Q3 2021 Read More »
We took all the top questions and concerns from apartment owners in Long Beach and asked all of them to Oliver John Baptiste from the Apartment Association. Here are his answers! California Eviction Moratorium September 30th of 2021 is the date we expect the expiration of our current eviction moratorium under AB832. We expect it
Q&A with the Apartment Association – September 2021 Update Read More »
If you’re a real estate investor thinking about selling your property or growing and diversifying your portfolio, a 1031 tax deferred exchange might be the right strategy for you. In this article, we’re going to discuss everything you need to know about a 1031 tax deferred exchange. In this article we’ll look at: What is
