If you’re searching for ways to take advantage of the low interest rates still available and add monthly income to your portfolio, investing in income properties is worth your consideration. However, know you will not be alone. Multiple offers are the norm and recently one attractive offering in Redondo Beach had 35 offers! Yes, Norma Toering & Team had one of the offers.
The four unit building pictured above is located in Redondo Beach and was recently sold by Norma Toering & Team. The seven offers were narrowed to three during the counter offer stage. I’m happy to report my client’s offer was strong and today he is pleased with the purchase.
The most attractive interest rates are offered on 1-4 unit buildings. Unlike larger buildings that fall under commercial lending guidelines, the smaller buildings are considered similar to single family homes by the lending community.
If you are interested in purchasing income property we have a Finance MBA consultant on staff to help identify and access buildings of value. For more information about income property in Palos Verdes, Manhattan Beach, Hermosa Beach and Redondo Beach contact Norma Toering & Team at 310.493.8333.