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We cover Real Estate news in San Diego and Southern California. Topics include major developments, rents and current affairs. IPA (Income Property Advisors) has extensive experience in San Diego property management and construction management. We specialize in repositioning and stabilizing tenant occupancy through creating an operating budget and a marketing plan to achieve optimal market rents. We can also assist with identifying value-add opportunities for our investors and help in the acq ...
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show series
 
Today on the Southern California Real Estate Report we talk about the new renter protection package San Diego is proposing. The proposed law builds on the state’s Tenant Protection Act of 2019. It will make it harder for landlords to remove tenants so they can make renovations. Article referenced: https://www.sandiegouniontribune.com/business/story…
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Today on the Southern California Real Estate Report we take about stricter rent control laws that are likely coming to the California's ballot. "Justice for Renters Act" would end Costa Hawkins and allow for counties to place rent control laws on all residential properties and stop landlords from being able to set their rents to market when a new r…
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Today on the Sothern California Real Estate Report we talk about the new housing and student center being developed by UC San Diego called the Triton Center. The growing school will spend $1.1 Billion on the project. It will include a 2,400 bed housing project. Article referenced: https://www.sandiegouniontribune.com/news/education/story/2023-03-21…
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Today on the Southern California Real Estate Report we give you the most important information on the new law in Chula Vista that is designed to shield renters from evections. The new laws tighten on existing no-fault eviction laws already in place by the State of California. Article Referenced https://www.sandiegouniontribune.com/communities/south…
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Today on the Southern California Real Estate Report we talk about a vacation rental development in the Coronado Cays. The project is getting a lot of scrutiny from locals who do not want such a project and think the land should be used as a park. The San Diego Port commissioners wants to build affordable vacation rentals that will bring life back t…
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Today on the Southern California Real Estate Report we talk about a development that has been halted because of wild fire concerns. The Rancho Penasquitos development known as Junipers was a 536 unit project. A judge by the name of Ronald Frazier ruled that the project did not take into consideration the affects of traffic, noise and wildfire threa…
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Today on the Southern California Real Estate Report we give you a rundown on the potential new office spaces SANDAG is considering for new office space. The space will be for between 350-375 people. They have been in their current space for 34 years. The options include the new Horton Plaza campus. Referenced article: https://www.sandiegouniontribu…
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Today on the Southern California Real Estate Report we take a look at the Del Mar Fair Grounds. The iconic property is home most famously to the San Diego County Fair and the Del Mar Race Track. But is the property being used to its greatest value? The firm London Moeder plans to find out. The state approved contract will cost $282,000 and will tak…
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Today on the Southern California Real Estate Report we talk about some updates to the rules regarding accessory dwelling units and transit areas. The City of San Diego has proposing updating its transit proximity rules to allow for transit oriented housing to be up to a mile away from transit. The new rules also allows for more ADUs to be built in …
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Today on the Southern California Real Estate Report we give an end of year report on where housing prices have landed. Home prices are falling but that might be a good thing because a changing market means opportunity. Interest rates are also gaining at a slower pace. See referenced article below: https://www.sandiegouniontribune.com/business/story…
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Today on the Southern California Real Estate Report we give an update on the Sports Arena. Voters approved height-limit removal, which will hopefully give way to the redevelopment of the Sports Arena. But the Midway project still faces challenges ahead, especially with environmental groups. The project is led by Zephyr, Chelsea Investment Corp. and…
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Today on the Southern California Real Estate Report we talk about the newest plan for Mira Mesa. Mira Mesa will undergo a lot of change in the future if all goes to plan. The idea is that the neighborhood becomes a more densely populated, richer community with more community resources, like grocery stores and shops. To learn more see below: https:/…
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Today on the Southern California Real Estate Report we talk about how San Diego home prices are dipping and it shows a softening of the market. Lack of consumer confidence and high interest rates are among the biggest culprits. But the number of homes for sale in San Diego is decreasing, which is putting the market at a standstill. Homeowners have …
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Today on the Southern California Real Estate Report we talk about the NAVWAR property. The Navy wants to lease out the NAVWAR property on a 99-year ground lease. The Navy is looking for a replacement property that is "in kind" to move its operations to. The property offers significate opportunity for redevelopment and could end up being a major hou…
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Today on the Southern California Real Estate Report we talk about what is happening to ibuyer programs. Redfin is laying off staff and unloading Real Estate bought by their ibuyer program. Real Estate and tech has always been hard to mix because Real Estate knowledge and evaluation takes a lot of market knowledge and understanding of trends. TO lea…
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Today on the Southern California Real Estate Report we talk about the plan to renovate Seaport Village. The next step to get this project off the ground is an environmental review which could take a few years. The project, 1HWY1, has undergone many iterations over the years but support to push the project forward is a good sign for things to come. …
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Today on the Southern California Real Estate Report we talk about the newest hotel project proposed in Seaport Village. Doug Manchester wants to leave a legacy and what a better legacy to leave than a 36-story, 1,150-room hotel. The hotel is planned to be a luxury hotel and the Manchester Group plans to distinguish itself from other hotels because …
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Today on the Southern California Real Estate Report we talk about the developer chosen by SDSU to build the apartments on its Mission Valley campus. The developer is AvalonBay. AvalonBay is a well known developer of Multifamily properties throughout the country. They will build 600 units and 30,00 square feel of retail. This project is just one of …
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Today on the Southern California Real Estate Report we talk about the bluff site above Del Mar dog beach. The site was originally planned to be a hotel but is now being proposed to be a 259 unit apartment complex. The project is called Seaside Ridge and will offer a significate amount of low income and middle income housing. To learn more click on …
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Podcast Episode 136: “AFS Paperwork and Education.” About four months ago, I got a call from a client who wanted to sell his property by way of Agreement for Sale (AFS). Unfortunately, he had only a skimpy notion of the AFS concept and no actual education on how to apply the strategy. This blog post and podcast tell the tale of how we managed to pu…
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Podcast Episode 135: “Win-Win Real Estate Investing.” Here’s another success story from the lucrative Creative Real Estate Investing space. For would-be Canadian real estate investors, two of the biggest obstacles are building up cash for a deposit and qualifying for a mortgage. This Tale is an example of how one of our students creatively solved a…
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Podcast Episode 134: “Wholesale Home Run!” For a change of pace, here is a positive Tale about a massive success in Canadian real estate investing. Longtime readers/listeners know that my Tales from the Trenches series is mostly about how buyers and sellers of real estate get themselves in trouble. It doesn’t matter whether folks are homeowners or …
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Podcast Episode 133: “Foreclosure Timing Traps.” When searching for the ideal piece of real estate to buy, properties in foreclosure can be an interesting place to look. Are you an investor looking for a new rental property? Or maybe you’re a buyer looking for a dream home—or at least a property you can turn into your dream home. By considering for…
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Podcast Episode 132: “(Un)attached Goods, Defects, and Stigmas.” Negotiating an Offer to Purchase for a piece of real estate is about more than just the price. In this blog post, I’ll start by looking at two key points that must be worked out between buyer and seller: unattached goods and material latent defects. Then I’ll include a third topic tha…
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Podcast Episode 131: “Renovation Heartbreak.” Dishonest, fly-by-night, or even inexperienced renovators can leave a trail of heartbreak. Buyers happily move into their newly-purchased, freshly-renovated home, but problems often don’t show up till later. Here are three recent scenarios from my real estate law practice in Edmonton, Alberta. First, I’…
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Podcast Episode 130: “Third Flood.” Recently, some Alberta homeowners finally ran out of patience when their property was flooded—again. They lived on the lower end of a sloped street, and water flowed down the block from the higher end when it rained. The curb had slumped in front of their home, allowing water to run over it, across the neighbour’…
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Podcast Episode 129: “Home-buyer’s Dilemma.” Seems like I’m always finding examples to write about regarding real property reports (RPR) and how they fit into a real estate transaction in Alberta. Land surveys, as RPRs are also known, should be simpler than they are. The standard AREA/MLS contract says that the seller will provide an RPR showing cu…
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Podcast Episode 128: “Secondary Suite Grudge Match.” Would-be Calgary Landlord Builds Legally-Approved Secondary Suite but Gets Stifled by Restrictive Covenant on Title for Neighbourhood’s Single-Family Dwellings. And now for the main event! This Real Estate Regulation League title fight is scheduled for five rounds in the heavyweight division. At …
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Podcast Episode 127: “3×3 Permits.” This is the third Tale in my recent mini-series on Real Property Reports (RPR), municipal compliance, and building/development permits. Our first two Tales dealt with the maze of bureaucracy that surrounds permits and the dangers of not getting a clean RPR with compliance when buying real estate. As per usual, my…
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Podcast Episode 126: “Trapped in a Permit Maze.” This Tale from the Trenches is the second in our ongoing mini-series on permits for real estate. You know, those sometimes-nasty bits of paper that towns, cities, counties, and other municipalities require before you can do certain types of work on a property. From my perspective as a real estate law…
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Podcast Episode 125: “Hot Tub Trials and Tribulations.” This episode of Tales from the Trenches is shocking! A client had retained my legal services to help with purchasing her dream home in Edmonton, Alberta. The seller provided a brand-new real property report (RPR) to my client, who in turn sent the RPR to me for review. There were a few red fla…
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Podcast Episode 124: “Non-Resident Taxes Part II.” Like all things tax related, non-resident tax is complicated when it comes to buying and selling real estate in Canada. In February, 2016, I posted a lengthy blog on non-resident tax and how it can affect buyers, sellers, and realtors. Lots of liability and dangerous situations here, folks, so don’…
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Podcast Episode 123: “Creative Real Estate Investors Panel.” Special one-hour dive into the trenches of Creative Real Estate in Canada… and Africa! Barry has gathered a panel of experts, veritable rock stars of Creative Strategies, to share their experiences and answer questions from the audience. The essence of Creative Real Estate Investing is kn…
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Podcast Episode 122: “Water Is Coming”: Climate Change Preparedness for Homeowners and Real Estate Investors. Damaging floods are on the rise, whether as sewer backups, swollen rivers and lakes, rising ocean levels, or overland flooding. As a result, water related insurance claims have been rising, triggering changes to policies and premiums. If yo…
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Podcast Episode 121: “Subdivision Nightmare.” Across Canada, there is an ongoing discussion about the lack of affordable housing. In some areas, developers won’t build rentals because building condos is more lucrative, because there are rent controls, or perhaps a combination of both situations. Some Canadians are completely priced out of the housi…
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Podcast Episode 120: “Property Management Nightmare.” I got an email recently from an unhappy investor about problems with his property manager in Edmonton. Real estate investing is all about relationships, and you need to be able to rely on the people in your team. Property managers are supposed to find tenants, collect rent, and deal with mainten…
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Podcast Episode 119: “A Deal That Went Bad and the Lessons Learned.” This edition of the Tales from the Trenches podcast features special guest Arden Dalik, a senior advisor in the Calgary office of Global Governance Advisors. Her Tale concerns a real estate investment project in Alberta presented to the REIN Group by a REIN member. Quite a number …
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Podcast Episode 118: “Big Changes To The Standard AREA Contract.” September 2016 (with mild tweaks in July of 2017) brought numerous and meaningful changes to the existing 2014 residential purchase documentation approved by the Alberta Real Estate Association (AREA). These changes affected both the Residential Purchase Contract used for all homes a…
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Podcast Episode 117: “Estates Are Tricky!“ Real estate can cause all kinds of problems when a family member passes away. First, it can take a long time before the will is executed and the inheritor is actually in control of the property. Second, the person who inherits the property also inherits the financial responsibility (mortgage, taxes, etc.),…
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Podcast Episode 116: “Failure To Close? More Than Your Deposit Is At Risk!” A real estate purchase contract is a legally binding agreement. If the buyer doesn’t meet their obligations by closing the purchase, there can be financial repercussions. At a minimum, the buyer will lose their deposit. But it can be far, far worse. In this Tale, a BC real …
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Podcast Episode 115: “Flipping / Assigning Properties? Don’t Go To Jail!” Not too long ago, I wrote a blog post about the legalities of flipping properties using a Creative Investing Strategy called “assignment.” Now I’m making that topic available as a podcast because I want Canadian investors to have every opportunity to make money without gettin…
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Podcast Episode 114: “Real Estate Between Friends and Family.” It might seem easier to invest in real estate with people you know and love because you already trust them. Actually, you still need to do the same amount of due diligence, if not more! When you get into real estate deals with friends and family, there’s more at risk than just money. Th…
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Podcast Episode 113: “So, You Want To Be A ‘Flipper.’” There is a whole section of the real estate investment world known as ‘flipping.’ Basically, flipping is when an investor gets control of a property by signing a purchase contract, but rapidly sells it to someone else for a profit. Don R. Campbell of Real Estate Investment Network (REIN) fame h…
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Podcast Episode 112: “Insurance Realities.” This is a Tale of woe about property insurance, including some ideas about how to make sure you have enough coverage. After heavy rains in Edmonton, a bunch of my clients had flooded basements. Not surprisingly, many of them couldn’t make insurance claims to cover the damage. Why, you ask? Because insuran…
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Podcast Episode 111: “Keep Your Joint Venture Up-to-Date.” In real estate, as in all facets of life, things change. A detailed contract or written agreement can protect your investments, but you’re still vulnerable if you don’t follow the terms exactly. A client of mine organized a joint venture with 15 investors to buy an apartment building in Alb…
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Podcast Episode 110: “Get the Details.” A client of mine found a four-plex in Alberta with a motivated seller, but soon discovered that he would have to deal with problems caused by the seller’s inexperience. The location was good, with a tenant profile that fit the type of people that my client liked to rent to. And, the price was very good. Liste…
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Podcast Episode 109: “Foreclosures, Creative Deals, and Court.” This Tale is about taking good notes when you appear in court as the buyer of real estate in foreclosure. My client was a creative kind of guy and he found a property in Alberta where the mortgage payments weren’t being made. The seller was still living in the home but trying to sell a…
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Podcast Episode 108: “RRSP Mortgages and the CRA.” Registered Retirement Savings Plan (RRSP) mortgages, the supposed Holy Grail of private lending. I hear it all the time. Borrowers of all stripes believe there is a vast pot of money held in RRSP accounts just waiting to be lent to them. And, to some extent, that’s true. There are lots of folks wit…
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Podcast Episode 107: “Conditions, Lost Deposits, and Collapsed Deals.” In other Tales from the Trenches I’ve talked about the importance of accomplishing sufficient diligence on any property purchase to say that you have done ‘Due Diligence.’ It’s worth repeating here because it’s so important. The notion of doing or accomplishing your own Due Dili…
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