patrick.net
An Antidote to Corporate Media
1,199,987 comments by 14,186 users - RWSGFY, WookieMan online now
invite response« First « Previous Comments 77 - 79 of 79 Search these comments
As you know in 2012 (by my post history), I purchased a home in Laguna Beach, my primary home. In 2013, I also purchased an investment property in Los Angeles (West LA). I paid $1.2 million for the Laguna Beach home, and $675,000 for the condo in West LA. The West LA condo was rented before I even closed escrow to a personal friend. He stayed in the place for 2 years paying $2700 a month. I also had a tenant afterwards who was paying $3100 a month until I sold the place.
In 2016 I sold my Laguna Beach home for $2.45 million and 3 weeks ago I sold the West LA condo for $1.3.
Would be interesting to see what these properties are worth today. Likely appreciated another 20% or so.
Tenpoundbass
2018 Jun 9, 1:13pm
Tenpoundbass
2018 Jun 9, 1:37pm
Don't see much iSideWith click baits anymore, anyone notice that?
Look how far they put Trump down the list, he's closer to Kasich, Oprah, and Romney. LOL The ISideWith folks are trying to gaslight voters into believing Trump is a RINO establishment punk.
« First « Previous Comments 77 - 79 of 79 Search these comments
I know this isn't a real estate website any longer, but it was when I joined years ago and enjoyed the company of the "bears" and "bulls". I thought I'd drop by and let you guys know how my California housing foray went the past 4 years.
As you know in 2012 (by my post history), I purchased a home in Laguna Beach, my primary home. In 2013, I also purchased an investment property in Los Angeles (West LA). I paid $1.2 million for the Laguna Beach home, and $675,000 for the condo in West LA. The West LA condo was rented before I even closed escrow to a personal friend. He stayed in the place for 2 years paying $2700 a month. I also had a tenant afterwards who was paying $3100 a month until I sold the place.
In 2016 I sold my Laguna Beach home for $2.45 million and 3 weeks ago I sold the West LA condo for $1.3. The reason for my sell off is because I am relocating the family to Northern Nevada (Gardnerville). I'm sort of going full-time off-site consultant now, and don't need to be in California any longer.
So after a 4 year journey as a real estate owner in SoCal (I had been a renter for many years before), I came out of my real estate foray with about $1.6 million in profit. I'm not saying I'm some Nostradamus because I never expected to pocket so much cash from real estate, but I will say that I am immensely happy that I didn't stay on the sidelines the past 4 years.
Thanks for all the guys who I exchanged quips with over the years, the Apocalypse guy, the guy who had a duck avatar, and the numerous bears who despite their great advice and knowledge, seem to have been wrong about how real estate would crash immensely (don't worry I considered myself on the bears team for many years and also did not understand how the market could be as such).
#realestate #investing