Hello,

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I've been listening to ​📖 Get Rich by Dennis Felix; it's a fun listen from a very wild, highly successful British entrepreneur. He doesn't mince words; it's a complex process, and most people fail.

But it's fun and has lots of humor. One idea that I've been thinking about is that business is a game; play hard, but don't get too caught up in it.

🏡 LA Real Estate Trend: Spring is approaching, and we're seeing more listings hit the market as interest rates remain relatively stable. This is an excellent window for buyers and sellers to position themselves before competition stiffens. Let's talk strategy if you're curious about how to move forward. 📩

🔥 What's Happening This Week:

🎨 NoHo ArtWalk & Marketplace – March 11

Discover local artists, shop unique crafts, and enjoy live performances in the heart of the NoHo Arts District. Check out more details on their official page. It's the perfect way to spend a Saturday exploring creativity right in LA's backyard.

🌙 Midnight Movie Night at the Egyptian – March 12

If you love classic films, you can't miss the midnight screenings at this iconic Hollywood theater. Grab some popcorn, immerse yourself in movie history, and let the nostalgia flow. Find the schedule and tickets here.

☕ Rooftop Coffee & Convos – March 14 | Downtown LA

This gathering is all about great brews, inspiring views, and casual chats with fellow entrepreneurs, remote workers, and creatives. It's a laid-back way to expand your network while soaking up the city skyline. See more info here.

🍲 KTown Night Market

If you're a foodie, this is paradise. From gourmet kimchi tacos to sizzling Korean barbecue, there's no shortage of amazing eats here. Bring your friends and pace yourselves—you'll want to try everything.

Market Snapshot

• Median Sale Price (City of Los Angeles): Around $915,000 (up ~2.5% year-over-year)
• Inventory: Up roughly 12% from last spring, offering buyers more options and increasing seller competition.
• Average Days on Market: ~35 days indicates that well-priced properties in desirable neighborhoods can still sell quickly.

Interest Rates

• 30-Year Fixed Mortgage: Recently hovering around 6.5–6.7%, though specifics can vary by lender and credit profile. Buyers with strong financials can sometimes secure rates below the local average.
• Refinance & Second Loans: With a slightly more stable rate environment, homeowners looking to unlock equity or refinance for better terms might find attractive deals—though the timing is key.

Investment Insights

• Cash-Flow Potential: Neighborhoods near transport corridors (e.g., Downtown, KTown, Hollywood) continue to show robust rental demand. Cap rates vary, but properties with ADUs or multi-unit setups often command better returns.
• Short-Term Rental ROI: Popular tourist areas like Venice and West Hollywood are still strong for short-term rentals if you comply with city regulations. Keep an eye on local policy changes that could affect licensing.

March is shaping up to be full of opportunities in real estate and around town. What's on your radar this week? Let's catch up soon.

Cheers,

Michael ❤️ Los Angeles

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