LET’S GET BACK TO THE SPECIFICS OF INVESTING IN REAL ESTATE!!!

LET’S GET BACK TO THE SPECIFICS OF INVESTING IN REAL ESTATE!!!

PART III OF III… THE END…

There is also the San Fernando Valley which has beautiful and expensive homes “South of the Boulevard” as Ventura Boulevard divides the community. The North end of the Valley had relatively inexpensive homes but now the homes there are becoming very expensive. I have a client who just bought a brand-new home in the northern part of the valley for more than two million dollars. The next drastic change to the San Fernando Valley will be the middle of the Valley which now has inexpensive homes and reasonable apartment buildings. The middle of the valley is like a vacuum and nature abhors a vacuum. So, over the next 5 years or so the middle of the San Fernando Valley will change, and you are going to find more expensive homes and apartments. But I’ve lived here since 1969 and I am in real estate, so I research these things and I see, firsthand, what is happening here.

The main point of this article is check out the neighborhood and not the city and not the state. You invest in a neighborhood and it’s the neighborhood that will make your investment a good one or a not so good one in the long term. Use every resource that you can to accumulate information with which to make your decisions. Do your research but please remember that you are buying in a neighborhood, and you are also, in effect, buying the future of that neighborhood.?