Comments on: Real Estate Income Property in Pasadena http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/ Brought to you by Doug and Deena Willis Tue, 29 Jun 2010 22:34:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Alex http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-1015 Alex Tue, 12 Aug 2008 11:44:34 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-1015 I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road! I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!

]]> By: Pasadena Real Estate Blog Features “Price It Low & Watch It Go” » Pasadena California Real Estate Blog http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-966 Pasadena Real Estate Blog Features “Price It Low & Watch It Go” » Pasadena California Real Estate Blog Tue, 05 Aug 2008 01:08:38 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-966 [...] 20% in some years. Rents on the other hand increased much more slowly form 3 to 5%. As a result income property (and probably residential property too) got way out of hand. Unless you had a down payment of 50%, [...] [...] 20% in some years. Rents on the other hand increased much more slowly form 3 to 5%. As a result income property (and probably residential property too) got way out of hand. Unless you had a down payment of 50%, [...]

]]> By: Doug http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-904 Doug Sun, 27 Jul 2008 16:40:29 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-904 John, I really don't know of any properties that have used the Mills Act to influence the selling price. While there is a benefit to it, it's not a feature that warrants an incremental dollar value, especially in a slower market. I very seldom see a property description referring to the Mills Act in the MLS, as far as residentil property is concerned. It probably has much more application with commercial property. John,
I really don’t know of any properties that have used the Mills Act to influence the selling price. While there is a benefit to it, it’s not a feature that warrants an incremental dollar value, especially in a slower market. I very seldom see a property description referring to the Mills Act in the MLS, as far as residentil property is concerned. It probably has much more application with commercial property.

]]> By: John C. Carlson - CA Certified General Real Estate Appraiser http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-814 John C. Carlson - CA Certified General Real Estate Appraiser Fri, 18 Jul 2008 18:42:14 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-814 Doug, I'm a commercial appraiser in Diamond Bar, CA & have developed an expertise with both luxury home, & historic property valuations (Residential & Commercial). I am currently conduction my own research of the Mills Act and its affect on property value, if any. In your experience, how are buyers and sellers of properties under the Mills Act incorporating the reduction in property taxes via the Mills Act into their negociations. I have come up with several mathematical ways to prove that there "should" be a premium for the reduction in taxes. However, what I lack are comparable sales wherein a premium has been negociated and can be proved. Do you have any data along these lines? I would very much like to talk with you, or anyone else about this matter. John C. Carlson 909-861-6186 Doug,

I’m a commercial appraiser in Diamond Bar, CA & have developed an expertise with both luxury home, & historic property valuations (Residential & Commercial). I am currently conduction my own research of the Mills Act and its affect on property value, if any. In your experience, how are buyers and sellers of properties under the Mills Act incorporating the reduction in property taxes via the Mills Act into their negociations.

I have come up with several mathematical ways to prove that there “should” be a premium for the reduction in taxes. However, what I lack are comparable sales wherein a premium has been negociated and can be proved. Do you have any data along these lines? I would very much like to talk with you, or anyone else about this matter.

John C. Carlson
909-861-6186

]]> By: Red Griswold http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-813 Red Griswold Fri, 18 Jul 2008 17:07:14 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-813 I enjoyed reading about your sampling of Pasadena income properties. The 34-unit at a GRM of 12.28 is an intriguing property. With those rents and the avoidance of the headaches of LAHD, rent control, etc., that is an interesting opportunity. Good post, I will check back often. I enjoyed reading about your sampling of Pasadena income properties. The 34-unit at a GRM of 12.28 is an intriguing property. With those rents and the avoidance of the headaches of LAHD, rent control, etc., that is an interesting opportunity.

Good post, I will check back often.

]]> By: Mike Harmon http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/comment-page-1/#comment-798 Mike Harmon Fri, 18 Jul 2008 05:00:06 +0000 http://www.up2daterealestate.com/2008/07/17/real-estate-income-property-in-pasadena/#comment-798 Can you tell me who did your layout? I've been looking for one kind of like yours. Thank you. Can you tell me who did your layout? I’ve been looking for one kind of like yours. Thank you.

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