Take any basic accounting class, or go to Vegas for the weekend, and you’ll soon get the concept that financial losses are bad. Which is why you might scratch your head when I tell you that some of my most successful property investment clients ask me to find them properties that will show a loss.
I was recently discussing this concept with a colleague, when he smiled knowingly and said, “I get it, your client’s getting divorced and wants to hide some money.” After assuring him that this wasn’t some film noir-style fraud scheme, I explained that my client was talking about “paper losses.” The quizzical tilt of his head told me that I had some ‘splaining to do. Continue reading
There’s a conversation that real estate agents and their clients have every four years, usually starting in July (sometimes August, and in some cases, even September) based on the question, “So, how do you think the election is going to effect the real estate market?” My stock broker tells me his clients ask him the same thing about the stock market. That said, since you may be interested in asking the question, I’ll reply with the same ever hedging answer I get from him whenever I ask about the market: “it depends.” Continue reading
Posted in election, Investment, Los Angeles, Real Estate, Uncategorized
Tagged commercial, homes, housing, los angeles, prices, real estate, Spencer Krull
I don’t like buying inferior products, and I refuse to make them myself. That’s why each and everyone of my notepads come with a tech support guarantee.
How do I differ from other agents? Here’s just one of the ways.
If there are two things I like to do, they’re close-up magic and real estate. I went out with my video camera to show off one of my favorite card tricks.