BELMONT SHORE CAR SHOW SUNDAY 24TH ANNUAL
Lifestyles of Long Beach
The fourteen-block stretch of East Second Street will be closed from Bayshore Avenue to Livingston Avenue for the event. Up to 600 classic cars will be on display making it one of the largest car shows of its kind on the West Coast. The side streets that intersect with Second Street will also be closed to the alleys for the purpose of exhibiting cars.
Attendees have the opportunity to intermix shopping and dining with viewing the gorgeous automobiles.
You can expect to find some of the first automobiles ever made as well as classic roadsters, coupes, sedans, convertibles, muscle cars, sports cars, hot rods and low riders from the 1920’s through the mid 1970’s. Many cars are one-of-a-kind, limited editions or customized.
WALKING, BIKING AND TAKING THE BUS IS A GREAT WAY TO AVOID FINDING PARKING
East 2nd St. from Livingstone to Bayshore and intersecting side streets from Quincy Ave. to Claremont Ave. will be closed to traffic from 5:00am to 5:00pm.
We recommend parking in the beach lot off Ocean Blvd.
LONG BEACH TRANSIT DETOUR
Line 131 Southbound
Operate regular route to Redondo and Broadway, turn left on Broadway, right on Bayshore left on 2nd and resume regular route.
Line 131 Northbound
Operate regular route to 2nd St. and Bayshore, turn right at Bayshore, left on Broadway, right on Redondo and resume regular route.
Route 121 Eastbound
Operate regular route to Ocean and Redondo, turn left on Redondo, right on Broadway, right on Bayshore, left on 2nd and resume regular route.
Route 121 Westbound
Operate regular route to 2nd St. and Bayshore, turn right on Bayshore, left on Broadway, left on Redondo, right on Ocean and resume regular route.
Long Beach Rental Properties For Sale
Buying Rental Property: A Step by Step Guide!
It may be common knowledge that buying rental property can be one of the most secure and fastest ways to build serious wealth – but the “how to” knowledge is not so common. The steps to buying rental property, however, are not that drastically different from buying your own home, with a few important differences. This article is going to explain step by step how to buy a rental property and begin your entrance into real estate investing.
Step One: Do Your Homework Before Buying Rental Property
Please – please don’t skip this step. As soon as you’ve made your decision that you want to buy rental property, it can be easy to start shopping for homes and picking out the paint colors. However, your first step begins long before ever stepping foot into a house.
Doing your homework ahead of time means researching:
What kind of investment property you want to buy
How much you can afford to pay
What kind of neighborhood you want to invest in
What the average rent is in your area
What kind of return on investment you hope to make.
Doing your homework can be difficult for one major reason: You don’t always know what questions to ask. Because of this, BiggerPockets recently created the free “Ultimate Beginner’s Guide to Real Estate Investing” which will help any new investor learn how to get started. This guide will help teach you the necessary questions to ask.
Step Two: Make a Plan and Develop Criteria
Once you’ve done your initial homework, you can begin making a plan and setting your criteria. I highly recommend you write down your plan and goals, and refer back to them often. If you are looking to buy a single family home for between $150,000 and $200,000 – it’s easy to get distracted by the home with the beautiful garden for $250,000. By stating your plan and your criteria, you can hold yourself accountable to your goals.
Step Three: Arrange Financing
One of the most common mistakes made by homebuyers is to start searching before arranging financing. However, this error has caused untold heartache when buyers find they can’t afford the dream home they’ve found. This same principle applies to buying rental properties. Before shopping for your new rental property, be sure to talk with a bank about how much you can afford to buy. There are numerous different paths to real estate financing so be sure to weigh all your financing options before making your choices.
Step Four: Begin Shopping For a Rental Property
Now comes the exciting part! There are a lot of great ways that you can get find rental property. Begin by looking online at your local MLS to see what’s available. Go to:
Each of these sites search generally the same MLS listings, which all real estate agents have access to. However, these sites do not contain all the information needed (and sometimes do not even contain all the listings, either.) For this reason, it’s important to get in touch with a local real estate agent that you can trust to get you more information. An agent is generally only paid, by the seller, when you purchase the home – so for a home buyer, using an agent is typically free.
It’s often helpful to find an agent who specializes in working with investors, as they are more keenly aware of what makes a good rental property. Also – be sure to share your criteria (See step two above) for your rental property, and allow your agent to help you find the best properties that meet your qualifications.
Step Five: Make Your Offer
When you find a rental property you want to pursue, and have walked through it, your next step is to make your offer. To do this, your real estate agent will fill out the paperwork based on your requests and submit your offer to the selling agent. The selling agent will bring your offer to the seller, and negotiations will begin. For a great article on negotiations, check out How to Negotiate: 7 Real Estate Negotiation Tips.
Be sure to only spend the amount that makes the most sense to you. Determine how much cashflow you need to make and don’t let emotion override the numbers. Be willing to walk away and you’ll always hold the upper hand in the negotiations. If you can’t agree to a number that works for you – it’s not worth buying. Remember:
It’s better to have no deal than a bad deal. (Tweet This Quote!)
Also remember, price is not the only consideration. Depending on the popularity of the property and the strength of the deal, there are many other issues to include in your offer, including:
Seller financial concessions
These items are all important to discuss and decide if you will include in your offer. Be sure to talk with your real estate agent about all the necessary parts of the offer. Once you have a signed agreement with the seller and have agreed upon all terms, you now have what is known as “Mutual Acceptance.”
Step Six: Due Diligence
You’ve finally agreed on a price and you have a closing date set. Now, it’s time to begin your “due diligence.” During this period (according to the dates specified in your offer) you will hire an inspector to perform an condition inspection on the property, looking for any defects that may cost you money in the future. If something is found, you can always go back and re-negotiate with the bank (as long as it is within your “inspection contingency” timeline, as specified in your offer.)
If you are buying in a “hot market” it may not be wise to nickel-and-dime the seller, or they may refuse to perform the steps and walk from the deal, giving it to someone else. On the other hand, it’s important that you don’t get stuck with a property that has major problems – so be sure to weigh the decisions carefully and keep your goals in mind at all times.
During this time between “mutual acceptance” and closing – you will also finalize the financial arrangements with your bank or other lender. This is also the time when the Title Company or Attorney, depending on your local customs, will take over facilitating the transaction. When the day of closing comes, you will sign documents and will be given keys to your new rental property.
Step Seven: Start Landlording
Finally, the deal has closed and you are now a landlord! If the property is vacant, you will need to learn how to rent your house (be sure check out How to Rent Your House: The Definitive Step by Step Guide” here on BiggerPockets. You will also need to brush up on your landlording skills, so be sure to check out “How to Be a Landlord: Top Ten Tips for Success” and ask questions, for free, anytime on the BiggerPockets forums. Also – don’t forget to check out the BiggerPockets Ultimate Guide to Tenant Screening to ensure you only rent to the best tenants!
Do you have any tips for buying a rental property? Or do you have any questions? Leave your comments below to discuss!
Long Beach Real Estate 562-533-4003
This is great news for Long Beach Home owners and their children. The Long Beach teachers and schools deserve this recognition for all of their hard work. If you would like to know more about the Long Beach communities and what schools pertain to them let us know and we can provide you with that information.
Lifestyles of Long Beach is happy to work with you on selling and/or buying your next home. Contact us so that we can make the difficulties of your next transaction easy.
Some of the Long Beach Homes/Communities include: Alamitos Beach, Alamitos Heights, Belmont Heights, Belmont Park, Belmont Shore, Bixby Knolls, Bluff Park, Bluff Heights, California Heights, Carroll Park, Downtown Long Beach, Del Lago, Naples Island, The Peninsula, Spinnaker Bay, Los Cerritos, Virginia Country Club, Bixby Hill, University Park Estate, Park Estates, College Park, Wrigley. Other areas: Lakewood, Signal Hill, Los Alamitos, Rossmoor and Seal Beach.
Buying vs. Renting a Home in Long Beach
To RENT or OWN? 56 Reasons listed below.
May be cheaper than a mortgage payment
Fewer (if any) maintenance costs
No down payment required (less deposit)
No real estate taxes (renters insurance optional)
Less stress (who cares, it’s not yours!)
Freedom to move or downsize when necessary
No risk of home price depreciation
Some utility bills may be included
“Free” amenities such as pool, gym, security
Money can be used for other, more profitable investments
Can’t be foreclosed on
Rental payment may exceed monthly cost of mortgage
No ownership or wealth creation
Payments never stop when renting
Rent will rise over time
Must deal with a landlord or management company
No tax benefits
Rules, regulations, and limitations
More temporary, less stability
Always at the mercy of the property owner
Pets may not be allowed
You can build home equity and wealth
Sizable tax deductions possible
Your space, your rules (pets welcome)
Ability to remodel, expand, tear down
Pride of ownership (social status, accomplishment)
Potentially better for children, family structure
Mortgage can improve your credit history/score
Ability to borrow against your home (HELOC or cash-out)
No more monthly payments once mortgage paid off
Fixed payments (if you choose a fixed mortgage)
Mortgages are the cheapest loans available
Can exclude capital gains when you sell (partially)
Can rent out to others
Can sell and use proceeds for bigger/better home
Retirement nest egg
It’s the American Dream!
Home prices may lose value
Could overpay for your property
Obtaining a mortgage (and finding a home) is a hassle
Not everyone qualifies for a mortgage
You must pay taxes and homeowners insurance
Total housing payment can be more expensive
Mortgage payment can rise (if an ARM)
Sizable down payment necessary
Maintenance costs can be excessive
Pricey HOA dues (if applicable)
You’re “stuck” in a home (long-term commitment)
Increased liability and responsibility
Transactional costs of buying and selling
Ownership is stressful!
Taxes and insurance generally rise
Your home can be damaged or destroyed (and not fully insured)
Can be foreclosed on and lose your home
Hope this helps you in your search to Buy or Rent a home in our beautiful city of Long Beach, CA. Our Real Estate team is here to help you.
Luxury Homes & Million Dollar Estates – Your Top Long Beach Real Estate Team
“For all of your Real Estate needs and more… Call Ricardo The Realtor”
Ricardo Perdomo, aka “Ricardo the Realtor,” is a real estate agent with Keller Williams Realty has a progressive approach to local real estate in Long Beach. Utilizing cutting-edge online marketing, which includes a thriving You Tube channel, Ricardo Perdomo not only buys and sells some of the most stunning homes in Long Beach, he showcases the kind of captivating lifestyle that comes with living in a exciting metropolitan city, with a mosaic of cultural influences, married with the charm of a beach town.
As a Long Beach resident for the last 14 years, “Ricardo the Realtor” is so enamored with the town he lives in that he has a whole website dedicated to giving insider tips on enjoying all the city has to offer. LifestylesOfLongBeach.com provides information on places to visit, eat, have fun, tour and live. If that doesn’t give someone enough insight on the city, the consummate agent offers a private tour with detailed community information.
The local real estate expert is genuinely proud of his city. He understands its pulse and all of its intriguing enclaves. When asked about why he loves Long Beach so much, the ardent realtor said, “I get really excited about Long Beach. It has everything. I don’t feel like I have to go to another city. We have a beautiful beach, a burgeoning downtown full of art and culture, communities with a small-town feel, golf courses, great public transit, and lots of user-friendly bike paths. To farmer’s markets and flea markets to concerts, art walks and boating competitions, there are so many events throughout the year. We have an airport and a seaport. It’s a self-sustaining city. It’s laid back, yet sophisticated and classy. It has finesse.”
With the Craftsman, Spanish Colonial and Victorian homes, Italian Villas, English Tudors, beachfront properties and posh high-rise condos Long Beach has to offer, Perdomo contends that Long Beach has a home and a neighborhood to fit everyone’s taste. Many real estate agents try to take on the whole city of Long Beach themselves, but with Long Beach’s enormity and diversity in mind, Ricardo has started compiling a Lifestyles of Long Beach team with two additional agents, Josie Neglia, aka “Josie the Realtor,” and Marisol Navar aka “Marisol the Realtor,” to help him zone in on each distinct community. This way the team can be well informed on the nuances of each neighborhood, beyond just home values. “Being involved in many facets of lifestyle in Long Beach makes it possible for us to help our clients and their families make their house a home,” said Perdomo.
“Our TEAM always outperforms an Individual.”
Perdomo’s personality and interests are a reflection of the city itself. He’s a complex, forward-thinking man with varied interests. He’s down-to-earth, but enjoys the finer things in life. As an artist, Perdomo participates in yearly art events, such as the Belmont Shore Chalk Art Fest where he won second place in 2010 for the overall competition. He is also the co-organizer of the Long Beach Figure Drawing Group. He has also volunteered at the Museum of Latin American Art for over ten years. “I believe that art is a crucial part of our society because it can evoke such positivity and meaning in our lives,” said Perdomo.
Perdomo loves children. He is going on his fifth year as Religious Education Instructor for first grade children at St. Bartholomew Church in Belmont Shore. He is very active in his faith and finds great happiness in helping others. He is on the Board of Directors of Comprehensive Child Development, Inc., Long Beach, a non-profit organization that provides quality child care, education and support services for hundreds of low income families and their children in Long Beach and surrounding cities.
He is well-known in Long Beach and actively involved as a volunteer in several improvement associations for the island of Naples where he resides which are: Naples Improvement Association, Naples Island Business Association & Naples Seawall Committee. If you want to know where to dine, play or relax in Long Beach, then Perdomo is the man to ask. In order to promote local businesses in Long Beach, Perdomo passes out exclusive coupons to his clients that provide a glimpse of Long Beach lifestyle at its best. His latest offer was for 15% off at Michael’s of Naples Ristorante, the best fine-dining restaurant in Long Beach, and one of the top restaurants in all of Los Angeles. Ricardo the Realtor really believes that we gain more by helping others and that includes local business. People helping people is what you will hear Ricardo say frequently.
To learn more about living in Long Beach and Ricardo Perdomo aka “Ricardo the Realtor” go to www.RicardoTheRealtor.com.
“Our TEAM always outperforms an individual.”
Your Long Beach Top Real Estate Team is here to help you. Luxury Homes & Million Dollar Estates. Communities include: Alamitos Heights, Alamitos Beach, Bay Harbour, Belmont Shore, Belmont Park, Belmont Heights, Bixby Knolls, Bixby Terrace, Bluff Park, Bluff Heights, California Heights, Carroll Park, College Park, Del Lago, Downtown, La Rochelle, Naples Island, Park Estates, The Peninsula, Wrigley… and surrounding cities such as Lakewood, Seal Beach, Signal Hill.
Lifestyles of Long Beach present:
A PICTURE IS WORTH 1000 WORDS:
A Weekly WordPress Writing Challenge Interpretation
This week WordPress has concocted an inspirational challenge that consists of spinning a story of fantasy and intrigue all based on one photo. Lifestyles of Long Beach, always game, has decided to try their part!
The challenge: By using the Picture below, come up with a story that it evokes. At the end of the challenge they will tell us the true tale behind the pic.
We at Lifestyles of Long Beach encourage you to participate in the fun and share your stories with us in return! Here we go…..once upon a time…
Mummfrty McMamner & the Great
Peanut Butter Plan
Mummfrty McMamner lived with his two children Mortimmor and Mmalorty on Polorivity Street in a little town called Cough. He was such a good father who adored his little ones and loved to showed them off. Each year he would have a family portrait taken outside of their little flat. Each year he would in turn purchase a photograph that left him feeling like a welcome mat. You see, his children were very difficult to portray for they always seemed to squiggle, and wiggle, or giggle right when the camera would go click.
Mortimmor was 8 and had a tendancy to take his tongue and wag it around when asked to say “Cheese”. You see this was his very favorite food and it would always make him soo hungry and that would always made him want to lick his lips.
Dear mini Mmalorty was turning 5 fairly soon and had a habit of wondering why continuously, you see, she was not very shy. No topic was out of her wonderment. No question beyond her reach. “Why, why, why?” she went relentlessly with no regard to whether there was a reply. “Why, why, why?” she mouthed silently during every photo her dad would buy.
This year Mr. McMamner had received a promotion which was great! He considered a move closer to work so he wouldn’t get home so late. All his life he loved Long Beach and wondered…well wished..that he and his family would finally find a Long Beach Home for sale to satisfy there simple senses . He searched and searched online to see what he could find. Oh me! Oh my! So stressful! He felt like such a jerk! Ding! He had a solution he knew what was going to work! “I’ll call my main man. The local Lifestyle insider. Ricardo the Realtor! Long Beach Real Estate solutions provider.
A couple caravans later and Mummfrty was set! He found a home so cozy and the kids love it! Better yet! So soon the sale was set. Handshakes, paperwork, and packing complete. The McMamners moved in to their cozy casa excited to explore their new neighborhood. But wait! It had been a year. It was time for photographs to be taken. “Oh dear!” cried Mummfrety. “What will I do?” “With our beautiful new home licking lips and mumbling mouths will never do.” “I am going to have to come up with a solution, something new!”
He thought and thought until is belly complained. He would have to postpone this problem until his concentration was regained. He headed to the kitchen, he would wrestle up a snack. When he opened up the cupboard he realized how much it lacked. A jar of peanut butter and a bag of bimbo bread. That was the entire content that his cupboard had. So soon he made a a bimbo buttered sandwich and ate it bite by bite. His teeth trying to chew and get through the sandwich goo. In walked his cute kids who asked him with delight, “Oh father that looks good, can we have a bite?”
“Mure” said their dad. “Mye man make mu mone moo.”
“What did he say?” said Mmalorty. “I haven’t got a clue!” So daddy dear giggled which came out more like “glu,glu”.
“Lick your lips.” said Mortimmer. “I think they are quite stuck!” So his father tried to take his tongue out, but could not get it through the uck.
Ding! Mummfrety realized his solution was at hand! This was the very vital thing to help his photo plan. The next week he had arranged a photographer to come and right before they took a take, he asked them one by one, to say “aah” and put peanut butter into both their open maw.
And when he looked later at what was the results of his guile. All mouths were shut..well glued together…”Now how to get them to smile?”
Need a family photo and you want guaranteed smiles? Check out Cameron Taylor Photography. They are a Long Beach local team of professional photographers that will surpass your expectations.