News Surrounding Sherman Oaks areas & Potential Investments

Generally a recession or depression (depending on whom you ask), is a negative aspect of the economic cycle. With the series of events that have accumulated over time, the general consensus is that the current economic climate is in recovery mode, with no end in sight for the near future. Jobs must be created to lower the unemployment #’s. Another aspect to look at is- spending. Consumers need to spend money to circulate the cause/effect of how our society is managed. When interest rates are low, people tend to not save money. Here we are today, with banks offering less than 1% to save your money. What are the benefits? Well, there is opportunities available to the savvy investors. Interest rates for loans are down considerable as well. 30 year fixed mortgages are in the 3.5% range. Commercial and multifamily loans follow suit. If investors were waiting for a combination of prices being low for real estate (compared to the past years), and interest rates being low, then the season has arrived. Demand for multi-family (apartments) has risen surrounding the Sherman Oaks area. Lenders are very careful on who they are allowing to borrow money. They are requesting everything for investors short of a DNA test.  Our experience in real estate investments in Studio City, Sherman Oaks, Toluca Lake and the surrounding areas can help you facilitate the right decisions. Contact us to schedule a meeting on how we can help reach your investment goals.