Single Family Homes in Highland Park

Posted on Mar 5, 2013 in Types of Property | 0 comments

A lot of my young friends are asking how much it costs to own a home in Highland Park. Well, more than you think, and by the time you’re actually ready to buy, more than it does today. Investors low and high are trying to flip homes in Highland Park, turning rugged, plaster-molting abodes into dream starter houses.

Now, there’s not exactly a dearth of inventory in Highland Park, it’s just that there are so many buyers. Flippers are stealing the $300K deals and turning them into $550K sales.  Expect each of those numbers to climb $50K over the next year.  I want to give my friends hope about FHA loans, but that’s getting increasingly less feasible because of the competition.

There are some houses that are government owned – often FHA-backed loans that went south – like the townhouse I posted about.  They sometimes provide a window for only buyers with FHA-backed loans to make offers on the property.  If you sign up for my email list below, I’ll email you if I see a good one.

Cheap Baldwin Hills house near Culver City

Posted on Mar 3, 2013 in Samples | 0 comments

Cheap single family home near Culver City in Baldwin Hills available now. 2+2, 1600 sqft.  Good flip (or live).  $328K  Let me know – david@adaptiverealty.com