Jack C. Adair - KW Westside

11/06/2023

You ever seen those old LA apartment buildings with the 60s/70s themes, tuck under parking, and really bland interiors?

Those are called Dingbats! They provided affordable housing when the city was facing a shortage. Many of these dingbats used to be single family homes, but many homeowners chose to develop.

Affordability in Los Angeles is certainly on the low end of the spectrum, especially when all that seems to pop up these days are new luxury apartment complexes with $3,000 / month studio apartments. Some would say we're on the verge of another Dingbat era - Dingbat 2.0 in other words.

And this isn't just an issue in Los Angeles. State-wide, we're starting to see similar initiatives that homeowners can take advantage.

Curious what you may be leaving on the table with your current home, give me a call!

10/06/2023

I like to window shop STR investments on Zillow similar how to people look at houses online for fun.

🏡 Thinking About Investing in Short-Term Rentals (STR)?

If you’ve been curious about buying a short-term rental (STR) property, like an AirBnB, you are probably thinking the same things I was thinking a little while back…

🌟 Where do I start? Where do I look? What do my returns look like?

If this is you, you should definitely check out AirDNA!

Not only is this tool incredibly useful and creates certainty in most aspects of buying a short-term rental property, it is also completely free.

💰 You’d be surprised at how lucrative STR investments can be in certain cities, even after factoring in purchase price and rehab costs… Cincinnati certainly surprised me.

🔗 Check it out when you get the chance! Reach out if you have any questions on how to analyze/underwrite homes you see for sale as STR properties.

AirDNA Website: https://www.airdna.co/

10/06/2023

🏡 Thinking About Investing in Short-Term Rentals (STR)?

If you’ve been curious about buying a short-term rental (STR) property, like an AirBnB, you are probably thinking the same things I was thinking a little while back…

🌟 Where do I start? Where do I look? What do my returns look like?

If this is you, you should definitely check out AirDNA!

Not only is this tool incredibly useful and creates certainty in most aspects of buying a short-term rental property, it is also completely free.

💰 You’d be surprised at how lucrative STR investments can be in certain cities, even after factoring in purchase price and rehab costs… Cincinnati certainly surprised me.

🔗 Check it out when you get the chance! Reach out if you have any questions on how to analyze/underwrite homes you see for sale as STR properties.

AirDNA Website: https://www.airdna.co/

10/05/2023

Have you ever wondered how Arnold Schwarzenegger became a millionaire?

We all know him to be that famous bodybuilder and actor who somehow ended up as the governor of California.

What most people don’t know is that before ever becoming famous, he built his fortune in real estate.

It was Arnold’s “6-plex,” not his “6-pack,” that made him his first millions. Not only did he buy investment property, he also set aside his ego and lived in this property before buying his own home to live in.

Arnold turned to real estate in the 1970s, one of the worst inflationary periods in US history. Sure, he could’ve waited until inflation settled and interest rates dropped, but he didn’t. People probably thought he was insane, but he didn’t care…because he’s Arnold.

If you’ve been thinking about ways to get into real estate but can’t wrap your head around this current economic environment, the best thing you can do is cancel out the noise and hire a real estate advisor you can trust to guide you in the right direction.

https://www.cnbc.com/2017/02/06/the-way-arnold-schwarzenegger-made-his-first-million.html

09/19/2023

What is it you should look for in an agent?

I get asked this question a lot. I like to say neighborhoods are like layers of an onion, and you need to find an agent who is able to peel back those layers.

Any agent is able to guide you based on high level information (the top layer), but a market expert can get to the core of a neighborhood (the center mass so to speak). Here's what you should look for when choosing a market expert:

1. Transactions/Listings: Are their transactions and listings scattered across a region, or do they have a specific focus on the neighborhood you're looking into?
2. Bio: Does their bio reference a specific neighborhood (e.g. "I specialize in representing buyers and sellers of homes in Venice, CA")? Or they appear to be a jack of all trades (e.g. "I specialize in selling real estate in Los Angeles")?
3. Sale to list price ratio: Do the selling prices of the homes they sell come within 3% of list price?
4. Their Brokerage: Not all brokerages are the same. Many brokerages, like Keller Williams for example, provide their agents with an immense amount of technological resources and support that aren't afforded to agents at other brokerages.

DM me if you'd be interested in additional guidance on how to go about finding an agent to represent you.

09/18/2023

Are you interested in maximizing the sale of your property? The market is heating up for …
House Flippers 🤸
Empty Nesters 🐦
Multiple-Home Owners 🏠🏠🏠

Like this post, comment, or shoot me a DM if you’d like to discuss your options!

09/16/2023

🚨 Bad Joke Alert 🚨
What’s a good sign you’re going to get a great price for your home?
A for-sale sign with my name on it!
But seriously, as your local real estate expert, it is my duty to make sure you get every penny you deserve.
Send me a DM for a free assessment.

09/15/2023

🎆POP QUIZ🎆

Do you know your credit score? If the answer is no, don’t sweat it! There are plenty of ways to get your FICO Score and/or VantageScore for free online. Knowing your credit score is the first step to protecting it. this holiday season.

Where do you find your score?