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Rick B Albert
United States
Приєднався 19 лют 2012
Hey All, welcome to my channel.
My name is Rick B Albert. I'm a Broker Associate/Realtor (DRE#01884303), House Hacker, and Investor here in Los Angeles. On this channel, I discuss strategies on buying, selling, and investing, as well as interviews of entrepreneurs, industry professionals, and more. Thank you for watching and don't forget to subscribe and share!
Understanding a Home Under HPOZ
What is a Historical Preservation Overlay Zone (HPOZ). It's basically guidelines on the construction of homes in an given community to preserve the style of the neighborhood. Want more info? Watch it here!
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Переглядів: 7
Відео
3 Things You Need to Know about Flipping Homes
Переглядів 1214 днів тому
Flipping homes is a perceived glamourous profession. You go in, make the house sexy, and hope to sell for a profit. But that isn’t always the case. If you are going to remodel a house for the purpose of selling, here are a few things to consider. Did I miss anything? Comment below! Visit Official Site:- rickalbertonline.com/ Follow Us On:- Instagram:- rickbalbert LinkedIn:- www.l...
In the News: With Donald Trump coming back into office, what does this mean for housing?
Переглядів 9Місяць тому
Hope you are having a great week. Here is what you need to know. In the News: With Donald Trump coming back into office, what does this mean for housing? There are some pros (deregulation on building and using federal land to build more affordable homes) and some concern (immigration reform and tariffs could increase the cost to build). To get some insight, see the link below: www.cnbc.com/2024...
How do I increase my purchasing power in Real Estate?
Переглядів 3Місяць тому
It's Free to Ask in under 30 Seconds: How do I increase my purchasing power? Consider getting an FHA Loan. Not only can you put 3.5% down, but lenders will allow you to have a higher debt amount, which includes the purchase. Now, keep in mind your budget. Just because you can pay more, doesn't mean you should. Visit Official Site:- rickalbertonline.com/ Follow Us On:- Instagram:- ...
Real Estate News this Week!
Переглядів 63Місяць тому
I hope you are having a great week. Here is what you need to know. In the News: So far it looks like Proposition 33 was voted down! This is a great thing for landlords in California. From the Associated Press, about 52% of the ballots have been reported with 61.6% voting no and 38.4% voting yes. This vote is likely the trend going forward but we will see. Law to be Aware Of: Within the City of ...
How can you be a part time real estate agent?
Переглядів 5Місяць тому
It's Free to Ask in under 30 Seconds: How can you be a part time real estate agent? The reality is for most it doesn't work due to the all the tasks to juggle. But if you are starting out and want some help, consider hiring VAs to help. They can help with scheduling inspections, posting on social media, and more. Visit Official Site:- rickalbertonline.com/ Follow Us On:- Instagram:- instagram.c...
3 Things You need to Know as a Investor this week
Переглядів 15Місяць тому
3 Things You need to Know as a Investor this week
This what you need to know as an real estate investor this week
Переглядів 92 місяці тому
This what you need to know as an real estate investor this week
Here’s what you need to know as a real estate investor
Переглядів 12 місяці тому
Here’s what you need to know as a real estate investor
Investors in LA, this is what you need to know.
Переглядів 132 місяці тому
Investors in LA, this is what you need to know.
What you need to know as an investor this week
Переглядів 162 місяці тому
What you need to know as an investor this week
Home Tour: 16866 Kingsbury St UNIT 304, Granada Hills,
Переглядів 153 місяці тому
Home Tour: 16866 Kingsbury St UNIT 304, Granada Hills,
3 Things you Need to Know as Real Estate Investor this Week
Переглядів 73 місяці тому
3 Things you Need to Know as Real Estate Investor this Week
What are my thoughts on solar panels from a resale perspective?
Переглядів 63 місяці тому
What are my thoughts on solar panels from a resale perspective?
3 Things you need to know as an Investor this week
Переглядів 163 місяці тому
3 Things you need to know as an Investor this week
In the News: Insurance has been a hot topic lately, and it is likely going to get worse.
Переглядів 23 місяці тому
In the News: Insurance has been a hot topic lately, and it is likely going to get worse.
Do real estate agents get paid too much?
Переглядів 163 місяці тому
Do real estate agents get paid too much?
3 Things to Think About Before Selling Your Condo
Переглядів 225 місяців тому
3 Things to Think About Before Selling Your Condo
7045 Woodley Ave UNIT 101, Van Nuys, CA 91406
Переглядів 155 місяців тому
7045 Woodley Ave UNIT 101, Van Nuys, CA 91406
Home tour: Check out our latest listing in Lake Balboa
Переглядів 165 місяців тому
Home tour: Check out our latest listing in Lake Balboa
People often think that appraisals are set in stone for home values.
Переглядів 126 місяців тому
People often think that appraisals are set in stone for home values.
Why aren’t my offers getting accepted?
Переглядів 66 місяців тому
Why aren’t my offers getting accepted?
Reason why there are so many wealthy people in real estate is that you make money 4 different ways.
Переглядів 117 місяців тому
Reason why there are so many wealthy people in real estate is that you make money 4 different ways.
Investors Need to Know about the NAR Settlement
Переглядів 307 місяців тому
Investors Need to Know about the NAR Settlement
Extraordinary!
Informative video
Great!
Informative video
very well said 👏
Thank you!
amazing insight 👏
cool ty. I'll use that tip. Ty a
Of course! Thanks for watching!
great info 👏
Thank you!
Video is a bit older but the most helpful. Other people on UA-cam were making it seem like the bank would write a check for you to buy the land AND pay for the architect plus construction with all of it costs; all while just putting 3.5% down
Thanks for watching! You generally can only do remodels and additions, not ground up construction. They generally do pay for the architectural plans.
you think a guy with money like that watches this
First of all, thanks for commenting. The short answer is you never know. I've had clients spend as much as $5,000,000 on an investment property. What inspired this video was a conversation I had with an investor who is thinking of doing a 1031 Exchange into one of these markets and wanted my thoughts.
@@RickBAlbert i would not bet on the horse that lost 99 races winning the 100th one but yea i get what you are saying
very well said
Thanks!😃
No the fuck we are not. Rent keeps going up and up
Interesting! Where are you located? In one of the markets I invest in, we have had to lower the rent to below what the previous tenant was paying.
how is that a bad thing lmao
It is all perspective. Yes, if you are a tenant, this may be a great thing. If you are the owner, not so much. This is especially true as other costs continue to climb such as insurance, property taxes, and maintenance.
Your tone feels super scummy. Are you meaning this as a good or bad thing? Lower rents are better. To be clear. And if you don't think so. You are a parasite on society. So I really hope. That's not how you feel.
Simple, but effective.
very well said 👏
Thanks!
Or you could just ask the seller to reduce the price and buy down the interest rates yourself right? Probably a lot easier at the closing not to have these unnecessary additional and complicated line items on the closing documents. I mean it's not like they're going to buy down those interest rates prior to the closing.
I hear what you are saying but with price reductions, you don't get all of that price reduction in cash because part of it was going to be financed. For example, let's say you were putting 20% down with 80% financed. So a $10K price reduction would be $2K in your pocket and a loan balance decreases by $8K. Versus a credit of $10K would be savings towards your closing costs, which is $10K from your pocket.
How bout just a 1000’sq foot house no Pool no solar??? Everybody goes right to luxury we’re just looking for affordability 1 - 2 bed 1 bath
But that's the problem. Now you have to have solar regardless of the size of the home. The cost of a sewer line for a 1,000 square foot home is the same as a 4,000 square foot home. Plus on a practical basis the largest demographic of buyers right now are millennials. As they start families, the 2 bed homes are no longer practical. Really they need 3-4 bedrooms. I do agree with you, there is a segment of the population who wants an affordable starter home.
Hello Dear, Do you want a professional UA-cam thumbnail designer?
Promo*SM
I wish your organization maximum success
Go ahead bro I'm with you
The reason housing is so expensive is these realtors and mortgage brokers like all get paid on commission. It behooves them to keep property values increasing. They didn't create the product. All the did was middle the sale. I have spent my life building luxury homes for the rich, yet wages are the same as they were in 1999. I refuse to participate anymore. Build your own house.
Although it does benefit Realtors and Mortgage Brokers to have high prices, it comes down to supply and demand. There isn't enough supply out there to cover all the buyers. Especially in California, it cost way too much to build, which I'm sure you know as a builder yourself. Plus not everyone has the means to build their own home. Building codes have made it almost impossible to build. Things like solar panels and rain barrels just add to the cost but not the value.
Hey Rick , really nice video! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?
Great
Thank you
Thank you for watching!
Your channel has no subscribers No attractive thumbnails SEO score is 00 out of 100 No video tag and channel tag Your channel is not SEO
My subscriber list says otherwise but thanks for reaching out
Hello Sir, Want an SEO specialist to grow your channel?
I'm all good thanks! Do you need help buying or selling real estate?
@@RickBAlbertyes, Contact info please 🙏
Im currently without insurance on my rental. It's considered in a fire brush zone. I have to get the California fair plan, plus additional insurance what it doesn't cover. Pain in the but. I ask a realtor what my house will cost for coverage, and he said about 3500 for the year. 3b 2ba 2300 sqf. 🤨
Wow! It has been a problem for many homeowners, especially hillside. For more California Fair Plan has been the best bet. Depending on the circumstances, some investors are doing higher deductibles to lower their monthly/yearly costs.
@@RickBAlbert thx
😮😮 Not good for society.
I agree. Creating a lower cost to build allows more first time home buyers to enter the market.
Good stuff! 🦾 What about building in Hollywood Hills / Birds Street luxury home with a 45 degree gradient / slope? Let’s say we need 60-100 caissons going 50-60 feet deep, 1 acre land (bought for 3M) and 12000 sqft living space, 60 foot infinity pool, massive driveway to park 10-12 cars, deck around 7000sqft, top on the line amenities, flooring and materials, and tennis court built on the leveled slope? What’s the total cost and also average cost per caisson? I’m thinking 8-10M (3M land + 5-7M construction), I’ve heard 20-30K per caisson cost with a good GC, thoughts?
I just want 1000sq/ft house on 2000 sq/ft lot.
That is fairly small for most of LA but there are pockets. Feel free to contact me through rickalbertonline.com and we can set up time to chat. Thanks for the comment!
very good video
Thank you!
Bro don't SEO your video. So you are not getting views. Do you want to SEO the videos bro?
Bro don't SEO your video. So you are not getting views. Do you want to SEO the videos bro?
I see a lot of land in the price of 100,000's all around the woodland hills, sherman oaks, hollywood hills that say that have all of the permits ready and everything. How much per square feet would it be to build a decent home there?
Those are mostly hillside and it completely varies. It is going to be much more expensive because you need to make sure the home can be built into the hillside. It could easily be 3x the amount.
Thank you!
Thank you for watching!
In the ongoing Sitzer/Burnett lawsuit concerning buyer commissions, we are witnessing the alarming development of a foundation being laid for potential AI monopolies orchestrated by the major players in the real estate industry. It appears that these entities are intentionally settling this case at the expense of their investors and consumers. The "big five" agencies, which include the National Association of Realtors, Keller Williams, and HomeServices of America, seem to be working towards creating a new generation of AI systems equipped with modules designed to represent both buyers and sellers. The plaintiffs, a group of Missouri home sellers, are led by class representatives Rhonda Burnett, Jerod Breit, Jeremy Keel, Hollee Ellis, and Frances Harvey. The case against the defendants reveals a disconcerting scenario in which the losing party has strategically conspired against consumers to establish a monopoly that, on the surface, appears to go against the consumers' will and best interests. However, beneath the surface, it becomes evident that this move serves to pave the way for a new AI monopoly solution, albeit under a different name and entity, which is seemingly unrelated to the "big five" agencies. The ultimate consequence of this could be astronomical costs incurred by American consumers, while legal professionals stand to profit significantly, and the AI industry is poised to become a multi-billion dollar enterprise. This raises critical concerns about the potential impact on consumers, the real estate industry, and the role of AI in shaping the future of real estate transactions.
Small lot subdivisions only make sense to lower land cost
I agree, plus it can be an "affordable" housing option in comparison to other new construction in the same neighborhood. There is a bigger buyer pool when the resale price is less and there is demand for new construction.
I'm looking out on the 14 corridor and land out there is better but then utility hookup costs more. With at least a couple neighborhoods with dry wells, even that's not a solution.
I agree. Unfortunately utility costs can be expensive. Solar can only go so far (for now) and then do septic and propane tanks, but that isn't for everyone.
Wonderful, makes it sound realistic, and easy to understand, keep in mind, I’m old so some of this goes over my old head.
You may be old in age but that doesn't mean old at heart! Thank you for watching.
Love this video, very informative. He’s so handsome.
Thank you! I'm glad you got so much out of it.
Yep. It’s a rip off
awww man my stniky feet are uwo so gross
meow"
i like dogs
Can you please do an updated video on purchaaing a home with student loans? Thank you
Absolutely! Will add it to my list of videos to do.
I always enjoy watching Rick's videos... very informative! Thanks!
Thank you! You are awesome and I appreciate the support!
great advice!
Thanks!
It has a history of discrimination against minorities. Credit score and debt could be because they choose to pay their rent before their credit card bills. Those with financial abuse in their history are being punished for the abusers acts. Credit scores should be prohibited. The only part that matters is employment, income, rental history, evictions and criminal records
You bring up a interesting point!
Nice video Rick, 100% agree with you
Thank you!