Historically in the past about 6 months after the Fed is done raising interest rates they will start cutting. Right now the thinking is another 0.25% raise at the end of the year, so we might see rates start to come down next summer. Lee Corso: NOT SO FAST MY FRIEND. Every cycle is different. I’m not expecting the Fed to cut quickly bc: Labor market is still strong (look at all the strikes going on out there). If wages continue to go up we will continue to have headwinds with inflation. This is the biggest reason inflation didn’t flare up in the ‘08 crash with all the quantitative easing even though many people forecasted it. Unemployment has ticked up a little bit but not enough to change the picture. Again, too, this is psychological warfare. You already hear the “higher for longer” messaging the Fed is putting out there. If people expect a rate cut, they’re going to change their behaviors and capital allocation, which could flare up inflation and we’d have to go through all this 🐂💩 again. #realestate #realestateinveting #unclepowell #inflation #eltonjohn #rocketman #interestrates

Another 5-0 vote to approve our 12 unit project in San Gabriel! We meticulously made sure we comply will all the zoning code and design standards. We kept all the mature trees that we can. The thoughtful design process shows and we are not asking for any variances so it’s kind of hard for the Planning Commission not to approve us. On to Design Review Committee next month and plan check hell for 6-9 months. And you wonder why we have a housing shortage… #landdevelopment #realestatedevelopment #realestatedeveloper #losangelesrealtors #losangelesrealestate #sgvrealtor #sgvrealestate

7 years ago, I met someone through our mutual friend, the Internet >> my sister's favorite joke. I made an excuse that I have to go see my aunt at 8pm so I can leave in case it wasn't going well. (It did go well, and I left well after 8pm) Years later she shared she was not happy I had to go and we did not have dinner so it didn't feel like an actual first date. I explained to her the purpose of the first date is really to make sure the other person is not a psycho and you'd like to have a second date. That's when you have dinner otherwise you might be stuck for an hour and a half in misery. And yeah I did tell her I wasn't actually meeting my aunt that night. Today, I made a reservation at 8pm and fed her dinner as a total surprise to her (I told her we were going to a business owner networking event). Coincidentally she also wore this dress to our first date. I've said I look for someone that can be a partner in more than one sense of the word. We were tested early but I knew I found that person... And I was right. I don't know what the 7 years have in store for us, but I'm glad to have you with me for the ride.

What happens when you get 400 ambitious and intelligent people together? Had a great weekend w/ my @subtleasiarealestate fam at #sarecon2023. Also got to meet some of the folks that I look up to in real estate like Paul Peebles @ Old Capital and @Amanda_Han_CPA (she’s Taiwanese y’all!!) Excited to hear all the updates on awesome things folks have been up to. Can’t wait for next year!

Esp proud of this one with all the market shifts happening. Savvy clients bought a triplex and added 2 ADU’s in the back. We figured the high interest rate would present some headwind but did not anticipate a huge increase inventory after Measure H got passed in Pasadena. Seems like every weekend there would be 2 more listings. Worked the phones, the broker network, and 1031 intermediaries and was able to get multiple offers on this to exit this at a price higher than the clients’ expectations. Also helps when they’re all cash. DM if you have any questions about the MFH market or how ADU works in MFH settings! 📷: @susanpickeringphotos

Am I right? #realestateagent #losangelesrealtors #losangelesrealestate #losangelesrealtor #sgvrealestate

Oh man, not again

Available now - 545 N Oakland Ave in prime Pasadena location and heart of San Gabriel Valley. Offered at $1.98m with 4.71% in place and 5.31% pro forma cap. 3.75% assumable financing available. Pride of ownership, low maintenance, and low vacancy makes this a trophy asset to all investors. DM or contact me at [email protected] for OM and more info

Happy International Women's Day!! Funny enough all three women in this pic run/ran their own business. My sister recently started her own vision and beauty clinic. My mother, who did everything from working in the factory, to chauffeuring us to classes, and still taking care of everything at home. To @yooniebae02, who rose to the challenge of opening her own business this year, and only cried a couple of times, you got this. You are capable of more than you will ever know. To all the strong ladies I know wearing multiple hats each and every day, keep fighting the good fight and setting example for future strong ladies like the two in this pic. Sorry Owen. This post is not about you. Stop pulling your diaper off and peeing on the floor.

Check out what happened when we went to a probate auction... • Do your research and set the ARV ahead of time • Set your max bid price by taking out the rehab work and desired profit • Stick to the plan. Do not let emotion override logic and end up overpaying. Ultimately, we got out bid. Seems like everybody had the same time of $650k ARV and max bid at $500k because once the price got to $500k everybody became really quiet. This one is also subject to court overbid so we’re not too heartbroken about it. Today’s interaction confirmed for me while this can definitely be lucrative, it is not an optimal strategy for me. The market is efficient. There is still tons of competition. This was the same conclusion I had when I went to a foreclosure auction a while back. Some of these guys have been doing this for ages and I honestly just don’t have an edge.

Come check out the newly constructed Mayfield townhomes 🏠 with me. 16 units, 3 or 4 bedroom contemporary farmhouse style townhomes range from ~1,600 - 2,000sqft designed by award winning 🏆architect @jzmkpartners, built by top notch @brandywinehomes now selling in the $800k’s. Right next to foodie central @glendoramarket 😋 Four of them are sold already!! Contact me for a private tour 📞

I toured a vacant duplex yesterday with a shocking discovery at the end... Would you still purchase a property that needs a new roof?