Boyle Heights, CA Real Estate News

By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
Yesterday I had a Feng Shui Consultation in Downtown Los Angeles, CA for a residential location. After completing a 3 hour session, I worked up a pretty good appetite. My client mentioned some great spots to eat in Boyle Heights, CA and So, right after saying our godbyes I headed over to El Gallito Restaurante.  I ordered Birria (Goat Stew), which was amazing!! :) It was really fresh, tasty and honeslty, you just need to go and experience it yourself.  El Gallito Restaurante is located on the 2nd floor of El Mercadito 3425 E 1st St, Los Angeles, CA 90063. photo of El Gallito Restaurante(323) 266-0127
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By Trey Hohman, Berkshire Hathaway HomeService | Los Feliz, CA
(CAL bre # 01443279)
investors purchased this Boyle Heights property in March of 2013 for $125,000 and after extensive renovations, seek $399,000. New horizontal fencing and stucco on the exterior --  the interior of the 1,200-sqft building received new flooring, roofing, electrical systems, stainless steel appliances. The 1905 property is now being promoted as a “modern gem” and “designer duplex.” The last 15 years have turned the once “terrible” inner city areas into the latest up and coming urban hotspots. (DTLA, Echo Park, Glassell Park, Highland Park, Mt Washington) and Boyle Heights is more-than likely no exception to this trend in the coming 5-10 years. As all the other mentioned areas become more and more unaffordable, these homes potentially will serve best to the very young professional and/or to...
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By Eddy Martinez
(Nationwide Funding Group)
Lender Compensation DisclosureA real estate licensee may NOT recieve compensation for referring customers to an escrow company, pest control firm, home inspection company, or title insurance company. Any compensation recieved would be considered commerical bribery. Any person caught by authorities commiting such acts are subject to a fine and prison time depending on what the law exactly states for this type of offense. Real Property Loan Law - Article 7 - CaliforniaIn terms of mortgage loans, the Department monitors certain activites of real estate licensees doing business as mortgage lenders and mortgage brokers. The real estate law requires anyone negotiating a loan to have a real estate license. In the past , abuses have occured in the form of excessive commisions, inflated costs an...
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By Eddy Martinez
(Nationwide Funding Group)
Having been in the business over 6 years and have seen many Loan Officers aka LOs come and go. In the past 6 months or so i have seen more and more mortgage companies and as a result more LOs come to fruition. They all claim to offer the best rates , loan programs , they work with 45,000 banks and just make all of these bogus claims. Almost all of them lie to customers claiming to have years and years of experience. But their lie is revealed when a client asks them in depth questions. Many of these LOs dont even know what escrows are. To top it all off they try and bury customers with obscence junk fees and over the state max in origination points. In real estate financing the key to longevity is to sell your cusotmer benefit. Putting them in a worse sitauation just leaves for room for ...
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By Eddy Martinez
(Nationwide Funding Group)
I love math, i believe that math is your friend :-).Gainon an income-prducing property is calculated much like that for a personal residence , with the exception of any depreciation that has been claimed over the years must be subtracted from the adjusted cost basis. Basically, what this means is that the dollar amount that has been deducted for depreciation over the time of property ownership must be subtracted from the cost basis to arrive at the adjusted cost basis. THe amount of taxable gain is then calucualted by subtracting the adjusted cost basis from the selling price. Unlike a primary residence where a certain amount of gain may be excluded from being taxed, taxes are owed on any profit made whenever income producing property is sold. But there are ways an investor may legally ...
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