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 The climate is, I think, the best on the planet! As a 15-year resident, I can only tell you that this is a wonderful place to live. There are several districts of Santa Monica: Montana Avenue, a trendy & fun shopping and eating district. 3rd Street Promenade, a fun and exhilarating stretch of shops, restaurants, movie theaters and a major mall! It has street artists dancing and playing great music on every block! Main Street is a wonder, more low-key district. It, too, has great shops and restaurants. We are a small city with our own government and public transportation system. Our northern border is with Pacific Palisades and Brentwood; Our southern border is with Venice; Our eastern border is with West LA and our western border is with the Pacific Ocean! We have had a tremendous influx of the entertainment industry which has given a shot-in-the-arm to our already robust economy. Our much-sought-after schools are, in part, responsible for our perpetually strong real estate market.
Investment Real Estate >Investment Real Estate
While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?
Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.
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According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?
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Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home. |
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