The Best Real Estate Investment Strategy Without Hassles

A lot of folks would like to find the best real estate investment, but even the best real estate investment strategy requires time, effort and hassles doesn’t it? Not so for 2014, 2015 and well beyond… with this strategy.

Sit back for a moment and try to envision what your idea of the best real estate investment strategy would involve. Picture the upside potential to make money; but also the financial hazards and downside risk. If you’ve ever watched the popular TV shows on the subject you’ve seen people make money flipping houses. You’ve also seen blood, sweat and tears.

Here we look at the advantages and disadvantages of traditional strategy, and then move on to the best real estate investment strategy for people who just want to put their money to work to make money vs. working for their money. Traditionally you buy, finance, improve, maintain, and manage a property. Your primary objective might be price appreciation (buy low, sell high) or it could be income (rental income). In other words, your strategy may be to flip it; or it could be to hold it. Either way, some day either you or your heir(s) will likely sell it.

Traditionally, the huge advantage of investment properties has been the financial leverage achieved in financing it with OPM (other people’s money, like a bank). This magnifies profits because you can own a $100,000 property with $20,000 or less down, out of pocket. In other words, with $100,000 you could own five properties or more… each of them going up in value and producing rental income… instead of paying cash and owning just one. Implicit here is the assumption that the value of real properties generally go up in value.

The financial crisis of 2008 drove home the reality of financial leverage (OPM) and the risk that’s involved. High leverage with little or nothing down was the best real estate investment strategy for making money quick – until the bubble burst. But there are other disadvantages in owning properties. To name a few: poor liquidity, costs and expenses, questionable market values, and property taxes. You can’t buy or sell quickly and easily, and the market value of a property is always subjective. Whether you are buying, selling or holding there are significant costs and expenses involved.

If you can buy right (cheap), put a property to its best use, and make improvements with sweat equity (do it yourself) your best real estate investment strategy for 2014, 2015 and beyond could be to go for it – with or without financial leverage. Just hope that the market remains favorable, the creek don’t rise, and interest rates don’t rise too much either while you own it. Interest rates have been historically low for years now and are forecast to rise in 2014, 2015 and/or beyond. Higher rates are a negative for both market prices and marketability.

So, what’s the best real state investment strategy for busy people who don’t want the hassles and disadvantages of property management? Let the professionals do it for you, without personally owning real properties. Simply buy shares in REAL ESTATE mutual funds that manage a portfolio of stocks (equities) in the real estate sector – like home builders and REITs (equity real estate investment trusts) that own/manage office buildings, housing complexes and other commercial properties.

You can profit from both rising share prices and dividend income. You can buy or sell shares and find the value of your account on the internet anytime; and you can invest a few thousand dollars or a few million. The best real estate investment strategy for minimizing costs and expenses: go with NO-LOAD fund companies and avoid sales charges when you buy or sell. Total expenses can be 1% a year or less with the best real estate investment funds. To find them type “no-load funds” into your favorite search engine.

Your best real estate investment strategy to avoid the hassles and other inherent disadvantages of owning real properties is to invest in no-load real estate equity funds in 2014, 2015 and beyond. If the economy and the markets start to sour, you can sell some shares and buy back later at lower share prices.

5 Tips to Help You Select the Best Real Estate Agent

I decided to write this post because if I had read something similar to this when I was first starting out in Real Estate, I would have saved myself a lot of time, headaches and stress. Without getting into my personal real estate agent horror stories, here are my 5 tips for selecting the best real estate agent:

1. Make Sure they are Full Time Agents

Without a question this is one of the most important aspects in selecting a great realtor. I’ve come to notice that a lot of people think that real estate agents make a lot of money and that it is a short cut to becoming well off. So as a result, a whole bunch of people get their realtor license for the wrong reasons. They have “hopes” of getting a 5% commission on a $1,000,000 house ($50,000). The truth is, being successful at anything requires a lot of hard work and dedication no matter what business you are in. Real Estate is no different – in fact, about 20% of realtors do 80% of all real estate transactions (within a particular geographical area).

2. Help Without Action

A realtor, much like a lawyer or a doctor must have your best interest at heart. Unfortunately, as I mentioned above, not everyone gets his or her license for the right reasons. If the realtor you are communicating with expects you to sign a commitment agreement right away (even if they tell you they are required by their broker) I would be seriously alarmed. Like in any successful and harmonious relationship, there has to be the right fit first. In order to determine if there is a fit to work together or not, your potential realtor should be willing to help you a little bit (learn the market, see some comps etc.) without any contracts or expectation of you to take action – ever; no-pressure type of relationship. Great full time realtors know that that is the best way to attract business and long term success. Meanwhile amateurs and likely not very serious agents will feel more confident in themselves if they “locked” you up legally. Sadly, many clients out there will feel obliged to the realtor under the terms of the agreement.

3. Area Expert

Despite the claims you might see on the front page of newspapers that might be something along the lines of “Canadian Real Estate Market is Down”, any savvy, experienced and knowledgeable real estate agent will know to ignore that. Every market (ex. Toronto) also has many sub-markets (ex. Down Town Core, Harbor Front, The Annex, etc). All of these sub-markets have different trends and fundamental factors affecting the rise or fall in the price, supply and demand, or properties available at a given time. Throughout GTA there are hundreds of different submarkets. Great real estate agents know that being an expert in only a few close by sub-markets will yield them better quality clients and a much more successful business. Their clients will also be much happier because their agents will be able to give them expert advice. Meanwhile amateur agents will help clients almost anywhere just to get a deal done. In other words, throw pasta on the wall and hope that something will stick! Do YOU want to be their client?

4. Specialty

Many people might find this a silly thing to do, but I like to compare realtors to doctors. A realtor without a specialty is much like a general walk-in clinic doctor, not that there is anything wrong with that. But if you are having sight problems, an eye specialist will be able to give you much better advice than a walk-in doctor. Not only do specialists have much better knowledge, but they also have the right tools to help you. The same goes for realtors. Are you in the market for a condo? Then you should be looking for a realtor who specializes in condos. Are you trying to be an investor? Then you need to be working with a realtor who specializes in working with investors. Realtors that specialize in condos within a particular sub-market are different than realtors specializing in working with investors for rental properties. Real estate agents who work with investors know exactly what type of properties cashflow, how much that cash flow will be, and where to look for these types of properties. Condo specialists will know exactly which buildings in the area have lower maintenance fees vs. condo prices vs. sizes of each unit.

5. Chemistry

Chemistry? Why in the world would this be relevant? Lets face it… we are slowly shifting away from a suit & tie corporate environment and transitioning into “Apple-Google” like business culture. Not to say that these top companies are not corporate, but the culture overall is just much more laid back, relaxed and fun. This is why they are able to attract the best and most talented programmers and employees all around. The same goes for realtors. Make sure you have the right chemistry. Be sure that the relationship and process is fun, easy going enjoyable and all at the same time professional.

Tricks You Should Play While Dealing With Commercial Landlords

Commercial real estate deals like leasing, renting and purchasing the office space or any other commercial properties can turn out to be disgraceful if you go bland in front of the landlords who are very much experienced in the field.

In order to avoid such things happening, you should be playing some tricks while dealing with commercial landlords.

So, what are those tricks that put you in an upper edge over the landlords in a deal?

There are lots of tricks, but the best and effective ones are here.

1. Don’t show your weaknesses

Well, your weakness can be a trump card for the landlords! It’s same as in other businesses; people look out for your weaknesses, and you’re out if you keep it to display.

Of course, you can’t be an expert in all the fields, but how you manage is what matters.

Suppose you are Looking for an Office Space in a specific area and you found one; the office space has all the amenities you were looking for, and you don’t want to look for any other spaces. In this case, if the landlords get to know you are in love with the property, definitely you will not be in a good position to negotiate. The landlord may also quote a high price for the property taking your urgency as a benefit.

2. Play like an expert (Even if you’re not)

The real estate sector is not for those who are not aware of the field and the market. However, you are looking out for an office space to set your business up, and not to get into the real estate business!

But what you need to know is it’s always a benefit for landlords when the tenants are not aware of the market value and the field. You’ll be in a position to accept and agree for whatever the landlords say. So, play like an expert even if you are a novice in the field of real estate. As said in the above point, don’t let them know that you have no idea about the market value.

3. Make a great first impression!

First impression is always the best impression!

Yes, when you meet the landlord in the deal, try building a great first impression. It definitely makes a huge difference that sometimes the landlords will be convinced for a low rent or the advance amount.

Reducing the cost is not the only reason for making a good impression at first, as there are lots of other benefits like the landlord might not be willing to proffer the space to any others even if they offer high rents. So, build an impression such that the landlord sees you as a potential and trustworthy tenant.

4. Hire a skilled commercial real estate agent

One of the simplest tricks ever to deal with experienced landlords is to hire a skilled commercial real estate agent. An experienced can play all the above mentioned tricks with great ease, and put you in an upper edge in the deal. Even when you are not in a good position to negotiate for a space, a skilled agent can completely turn the deal to your side making it rewarding.

Echo Park Real Estate: A Look at the Numbers

From LA’s earliest days, people have wanted to live in the storied neighborhoods of NELA. In a densely populated area where residents are always in the process of coming and going, there are always homes for sale in Echo Park at any given time. Since the early 1920’s, the real estate here has been in demand and that is how it is today. Why? Let’s take a closer look and see what the numbers say.

This is an eclectic city located in Central Los Angeles about ten minutes from Downtown. At the center of the city is the renowned Echo Park Lake in Elysian Park, which is the site of special events like the Lotus Festival. It is northwest of Chinatown and Downtown, northeast of Westlake and south east of Silver Lake.

It is split in to four districts:

  • Angelino Heights – This area is known for the beautiful Victorian homes that are preserved by the city’s ordinances.
  • Elysian Heights – This area is historically known for being the home of famous counter-culture artists, filmmakers, architects and political radicals.
  • Historic Filipino town – This section is located in the southwest section.
  • Victor Heights – A lovely area scattered with Bungalows and Stucco homes that share breathtaking views of Los Angeles and the Civic Center.

Throughout the four districts, the most common types of homes are Bungalows, Cottages, Victorians and Stuccos. According to the 2000 U.S. Census there were 40,455 people in there. Spread over 2.4 square miles there were approximately 16,868 people per square mile. This makes Echo Park one of the highest density areas in Los Angeles County. The median household income was $37,708, which is low for Los Angeles County. The average household size was 3.0, which is average for the county.

This city has a high Walk Score of 83/100. This means that most errands can be accomplished on foot within the city. This city’s transit score is 62. This city has good transit and provides its residents with many public transportation options. These include the Metro Red and Metro Purple Line, numerous bus routes and ride sharing options from Relay Rides. This city received a bike score of 49 because of the steep hills and minimal bike lanes.

According to Zillow, the average home value in Echo Park is $795,100. This value has increased 14.4% since last year and Zillow estimates it will continue to rise 4.3% to $829,000 over the next year. The average price of homes that are currently listed is $742,450. The median list price per square foot is $618, which is higher than the Los Angeles average of $451. The average rental price is $2,967 a month. Zillow has given the Market Health a score of 8.2/10, which is very healthy in comparison to other markets across the country. This is based on a series of metrics including how fast the homes are selling compared to the past rate. Echo Park’s prime location and thrilling culture will be sure to keep the housing market rolling for many years to come.

Home Repairs and Alternatives: 5 Pros And Cons

Many homeowners, at a variety of points – of – time, decide to pursue certain repairs and/ alterations. Some are out of necessity, because of damage, and/ or wear – and – tear, while others, are for cosmetic, and/ or taste – related reasons! One should consider a variety of factors, before undergoing costly expenses/ expenditures. These include: how long you will be living in this house; your alternatives; the Return on Investment (R.O.I.), etc. This article will review 5 positives (pros) and/ or negatives (cons), related to home repairs and/ or alterations.

1. Cosmetic changes: This category includes items, which improve the appearance of the property, but usually are minor, in nature! For example, inside or outside painting might be cosmetic. If you are painting, simply to change the look, color, theme, etc, it falls into the category, but if it is necessitated, because of structural damage (for example, from water damage, etc), it’s a far different scenario! If you plan to keep the home, for a substantial period of time, you have far more flexibility, in terms of color, etc, than if you are planning to sell it in the foreseeable, near future!

2. Kitchen: Does your kitchen need remodeling and/ or renovation, for structural reasons, or to improve its look and appearance? How much you spend on remodeling your kitchen, must be put into perspective! A well – considered amount of spending, usually makes sense and has a reasonable Return on Investment (R.O.I.), but exorbitant spending is another thing. A homeowner can spend whatever he decides, but should have a somewhat, realistic perspective of its value, especially to prospective buyers.

3. Bathrooms: What is the reason, you wish to renovate/ upgrade your bathrooms? Compare the options and alternatives, including determining, if a system, such as Bath Fitters, makes sense, as opposed to a complete demolition and rebuilding! Again, upgrading bathrooms, might. either, make financial sense, or not!

4. HVAC: What is the condition of your heating, ventilating and air conditioning, system (HVAC)? What is the useful life of your heating system, and should you change it (for example, converting from oil to gas)? Consider any decisions related to conversions, carefully and thoroughly. If you wish to put a central air conditioning system, into the house, should you go, the convention route, or the ductless one? Consider costs, economies, space – sacrifices, and the positives, versus the negatives! Before acting, always get several bids, and compare apples – to – apples!

5. Grounds maintenance: How much money, should you commit to grounds maintenance, landscaping, trees, bushes, plants, flowers, etc? Those thinking of selling, in the near future, should focus on curb appeal, etc!

Homeowners have options, in terms of the best way to proceed, for home repairs and alternatives. Know what you need, and want, and thoroughly consider!

Shadow Inventory – What Is It and How to Find It

Many Investors have been asking me about shadow inventory how much is out there and how to get their hands on it. Shadow inventory usually refers to the supply of homes that has not yet hit the market, but “hiding” in the background. In Real Estate this refers to foreclosures (REO or bank owned properties) or those close to the process.

Banks and mortgage loan servicing companies typically hold onto properties that haven’t seen a mortgage payment for 90 days and in some cases even 2-3 years.

Why do they hold on so long?

Banks hold on since it allows them to release their inventory over time to keep their books in check and also to provide that easy liquidation to stimulate the real estate economy when necessary. Banks will now be getting more money for those newly released properties, then say 2 years ago, due to the steady increase in home prices and low inventory levels. If they chose to release all at once, it would flood the market with “distressed properties” and bring down property values.

How much “Shadow Inventory” is still out there?

Foreclosures have been steadily declining since 2013 with the highest shadow inventory then at 2.2MM. According to the National Association of Realtors, there is still about 4 years still on the books and it is possible that we could soon see more!

More “Shadow Inventory”? Why? (HAMP) Home Affordable Modification Program

In 2017 and beyond, many homeowners may find it difficult to make their mortgage payments due to “resets” with HAMP thus pushing them into foreclosure. The government’s Home Affordable Modification Program provided temporary relief to borrowers during the housing crisis. These reliefs ended after five years and now payments will be “reset” thus causing loan payment increases for nearly 900,000 homeowners. Some of those are likely to find it difficult to keep up with the payments in our current economy.

Where do Investors find “Shadow Inventory”?

Forget about calling the loss mitigation department or asking the cashier at your Big Bank. They won’t be able to help you. Instead, savvy real estate investors can approach the REO departments of smaller regional banks, credit unions and portfolio lenders to find out what could be “lurking” in the shadows. This presents an opportunity to beat out the competition and purchase at greater discounts.

But my favorite way to locate “Shadow Inventory” is what I call “Driving for Dollars”. Simply drive through areas that have high foreclosure activity and look for the white sticker posted on the front window or door of the house. This typically contains the information of the bank or asset manager of the property and their phone number. Give them a call and see where they are in the foreclosure process and if they’re ready to make a deal!

The NEW kind of “Shadow Inventory”!

There is a new kind of shadow inventory on the market these days and I’m not talking about the REO kind. Many successful agents have their own shadow inventory. If you’ve been in the business for an extended period and built up a clientele, these clients typically contact you well in advance of the property going on the market. You advise them of the steps needed to get the house ready to show which typically means doing repairs such as paint, carpet, landscaping, staging, etc. Therefore, there is a period of time before the property actually hits the market creating a different type of shadow inventory. Contacting your favorite realtor about this type of inventory can definitely increase your chances of finding that Dream home.

Happy House Hunting!

Highland Park, CA Homes and Real Estate – A Look at the Numbers

In Los Angeles real estate circles, everyone is talking about Highland Park. Like other Northeast LA neighborhoods like Silver Lake, Eagle Rock and Mt. Washington, Highland Park is in a state of gentrification as new stores and restaurants are popping up on York Blvd. and homes are being purchased and restored. As a result, homes in Highland Park are in demand and prices have steadily risen. But gentrification isn’t the only reason. Highland Park is a wonderful area to call home.

Highlan Park is an amiable historic neighborhood located in Northeast Los Angeles. It is a hilly neighborhood located in the San Rafael Hills along the Arroyo Seco. It is southwest of Eagle Rock and Northeast of Cypress Park. People from many ethnic and socioeconomic groups call this neighborhood “home”. The weather is pristine with the highest monthly average temperature being 73 degrees in the hottest month of July and 57 degrees in the coldest month of December. Highland Park experiences light rain; January receives the highest amount at 4.6 inches total. According to Walk Score, Highland Park is the most walkable neighborhood in Los Angeles with a score of 72. It is very accessible and most errands can be completed on foot. It has some public transportation and is somewhat bikeable with a transit score of 47 and a bike score of 53.

According to the 2000 U.S. Census there were 57,566 residents in the 3.42 square miles of neighborhood. That is an average of 16,385 people per square mile. Highland Park is one of the highest density areas in Los Angeles. Highland Park grew to 60,835 people by 2008. The ethnicity break down was as follows: Latinos, 72.4% Whites 11.3%, Asians 11.2%, Blacks 2.4% and others 2.6%. A larger than average 57.8% residents were born abroad. 55.3% of them were born in Mexico and 12% were from El Salvador. In the male population 52.2% were married, 41.2% had never been married, 4.9% had been divorced and 1.6% were widowed. For the women: 50.4% were married, 33.2% were never married, 9.3% were divorced and 7.1% were widowed. The demographic for never married was among the county’s highest. 14.3% of residents who were 25 and above had a four-year degree. This was average for Los Angeles. 45.1% of the residents were born in a foreign city. This was a high number for Los Angeles. 4.9% of people in the population were veterans; this was a low number for Los Angeles. The average age of residents was 28, which is seen as young compared to the other areas of Los Angeles.

The average household income in 2008 was $45,478, which is an average number for Los Angeles. The average household size was 3.3 people, which is 25% higher than the national average. Renters occupied60.9% of housing units, which is 105% higher than the national average. Owners completed the other 39.1%, which is 58% lower than the national average.

Zillow states that Highland Park’s home value index is $662,800, which is up 13.1% since last year and with a projected increase of 4.3% predicted over next year. The market temperature is very hot and ideal for sellers. The average price per square foot is $582, which is higher than the Los Angeles average of $448. The average price of homes is $652,500, which is 123% higher than the national average. The average rent per month is $2,600, being 22% higher than the national average. The current Market Health is 5.3/10, which is relative to other markets across the country. Highland Park will continue to grow and develop.

Because Highland Park is in a stage of gentrification with rising home prices, it is highly advised for home-buyers and home sellers to seek out an experienced Highland Park realtor who specializes in the area.

4 Daily Habits to Adopt for Success in Real Estate & Life

Good habits are the foundation of wealth. If you watch successful people you will see their day is filled with consistent habits that save time, improve focus and ultimately help accomplish more daily. Successful people get up early, learn daily, make lists & set goals and track their progress.

• Get Up Early.

Make the first two hours of your day the most important. It will not only set the tone for the day but will give you a game plan for everything else that follows. These two hours can be used for activities you enjoy such as exercise, meditation or completion of a project or activity from the previous day. The early morning is free from distraction allowing you to do more of whatever you enjoy.

• 20 Minutes Of Learning Daily.

It is important in any business to know what is going on at all times. Trying to master every aspect of the business may seem intimidating but is less difficult if you spend some time on it daily. Regardless of how busy you may be you can squeeze twenty minutes of learning into your daily routine. You can find this time on an audiobook driving to or from an appointment or on the treadmill as you get some exercise in.

• Make Lists & Set Goals.

Success is often easier if you plan exactly what needs to get done. Before you go to bed you should plan for the next day. Tackle the toughest task first and go from there. Planning your goals not only makes you efficient but gives you a sense of direction and purpose. The most successful people in the world have one thing in common, they all say their goals out loud three times daily. This helps to reinforce their direction and keeps them on track in accomplishing their goals. Try it and see how much closer you get to reaching your goals!

• Track Progress.

If you don’t know what is working, is impossible to gauge the results? At the end of every day you should take some time to evaluate what you did to build on your progress. If you failed to do anything, you need to ask yourself why and then develop a new plan to stay on track.

You ultimately control where you go in Life. Changing habits is never easy but is essential for growth. Start by incorporating these four habits into your daily life and see the difference it makes towards your success.

Strategies for Improved Efficacy of Construction Project Management Software

The ever-changing digital technology is gradually making life on earth easier and less hassle-free. Benefits of digitization encompass the construction industry as well. These days, a range of efficient construction project management software is readily available to make things easier for those, who are involved with the industry.

The assortment of software applications comes with many innovative features that help managing:

 All communication with your subcontractors and crew

  • Every electronic correspondence
  • Project schedules
  • Budget estimation
  • Timesheets
  • Site photos and much more

Extra spadework is required

However, if you’re planning to get such a helpful software tool to drive your projects to successful completion, here’s a word of caution! Just procuring construction project management software will not help you achieve your goal. After all, it’s not any magic wand that will do wonders. You need to do some extra spadework, like preparing a foolproof plan, regularly monitoring the work progress, facilitating personal interaction with both the stakeholders and team members. Moreover, it is important to take care of the cash flow to ensure your project(s) wind up on time. To put it in simple words, the more efficient you’re in handling your responsibilities in the construction industry, the more efficiency you can expect from the range of software tools.
The core competencies
Now, at this juncture you must be wondering if there’s any core competence of the modern software tools. As far as the building and construction industry is concerned, project management software applications help you in the following ways:

  • Accessing critical information right at your fingertips
  • Having everyone on the same plane, so that there’s no missed information or error
  • Alternative plans ready at hand to keep the workflow moving
  • Ensuring systematic progress of every project right from the word ‘go’
  • Facilitating communication with the peers, colleagues, stakeholders and team members even from remote locations

Considering all these benefits the range of software offers, it’s obvious that there’s hardly any necessity to rework on a module. Thus, project management software helps successful winding up of construction projects right within scheduled deadlines.

Just like any other commercial sphere, the construction industry too expects you to thread in the latest version of technology to achieve greater heights of success faster. However, you should have realistic expectations from technology to help your business grow bigger. Use the web to update your knowledge pool about the benefits these virtual resources offer. This will help you stay at-par with the best performers in the industry.

Mt Washington Real Estate: A Look at the Numbers

For many years – decades, in fact – the LA district of Mount Washington was one of the hidden treasures of Los Angeles neighborhoods. All of that changed during the real estate boom of the mid-1990’s and since that time, the run on Mt. Washington homes for sale has been akin to the California Gold Rush. Homebuyers, investors, home flippers and creative types of have been snapping up Mt. Washington real estate as fast as they can. Let’s look at what the facts and the numbers tell us.

Mount Washington is located in Northeast Los Angeles just south of Eagle Rock, west of Highland Park and Northeast of Cypress Park. This mountainous community is located in the San Rafael Hills. Every house is situated on unique and hilly terrain. This eclectic community is home to many styles of houses, which allows people to build on lots of all shapes, sizes and slopes.

The various styles include: Cottages, Midcentury Moderns, Spanish, Hillside Midcenturies, Historic Craftsmen, Tree House Cabins, Bungalows and Craftsman Bungalows.

According to the LA Times, the population of Mount Washington was 13,531 people in 2008. With its 1.85 square mile radius there were 6,878 people per square mile. This is about average for Los Angeles County. The average income in 2008 was $57,725 and 2.9 people per household size. Both of these numbers are average for the county.

Even though the houses are on hills, Mount Washington is surprisingly accessible for walking, biking and public transportation. According to WalkScore Mount Washington is somewhat walkable with a score of 50. Some errands can be accomplished on foot. The transit score for Mount Washington is 59, meaning there are many convenient public transportation options – including the Gold Line Metro what deposits travelers at the Southwest Museum. Lastly, although this community is decorated with a slue of steep hills, there are some bike lanes on the main roads earning a bike score of 35.

Zillow states that the Home Value Index of Mount Washington is $720,100. This is an increase of 5.1% since last year. Zillow predicts the value to increase 2.8% up to $740,000 by the end of the year. The average price per square foot is $612, which is higher than the Los Angeles average of $451 per square foot. The average rental price is $2,942 per month.

Since Redfin named Mount Washington one of the hottest cities in the country, house flipping increased in like wildfire throughout the community. In effect Zillow has labeled the housing market as “Cold” because it has become ideal for the Buyer with so many fresh homes to choose from. Because of this increase in listings, approximately 11.5% of listings end up shaving their price down. Compared to other markets in the nation, Mount Washington has a market health of 2.2/10. This is part of the average real estate flux. People will continue to search for homes in Mount Washington, but eventually the majority of the homes will be house flipped and/or sold. Once the number of listings decrease the community will turn back to “Hot” – a Seller’s Market – with hoards of people trying to obtain property in this hidden oasis of Los Angeles.