The affordable housing crisis in Los Angeles continues to worsen with each passing year and city officials have been struggling to come up with any meaningful solution. This month, however, the LA City Council has voted to pursue a new plan to help bring some relief to homebuyers. On November 12th, the city council agreed to a motion proposing that they look into ways they can stop tech and equity companies from buying and flipping properties––a practice known as “iBuying.” Nury Martinez and Nithya Raman co-authored the motion, arguing that iBuying is driving up prices, making homeownership impossible for many Los Angelinos. 

This practice began in 2013, with the tech company Opendoor, and since then, others have followed suit, including Redfin,…

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I wanted to take a second before the holiday season officially kicks off to wish you and yours a Happy Thanksgiving. This year has been full of ups and downs for everyone, but it's a great time of year to focus and appreciate the little wins we've had along the way. Keep that in mind on Thursday morning as you scramble to get the stuffing and cranberry sauce done before your in-laws arrive!

I hope your Thanksgiving is fun, relaxing (as much as it can be), and filled with great food and company. And if you don't celebrate–enjoy the long weekend and stay away from The Grove!

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Obviously the mortgage and real estate industries go hand-in-hand, so you should keep up to date by checking out the IET Capital blog. Here's a couple recent articles you might find interesting. 

Blue-lining is the line of risk lenders are drawing around certain neighborhoods that are more susceptible to flooding or any other natural disasters. As Californians experiencing more and more wildfires, this practice could directly affect us and the mortgage rates we get in the future. Check out the article here to learn more! 

Desktop appraisals and other relaxed protocols expired earlier this year, but on October 18th, the acting director of the FHFA, Sandra Thompson, announced at the Mortgage Bankers Association annual convention that desktop…

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248 and 252 Branch street are two side-by-side duplexes on separate 6,402 sq ft LARD2 lots (12,804 sq ft total) in Highland Park just North of the popular York Blvd commercial corridor. Thoroughly rehabbed in late 2019, the property is currently grossing a whopping $14,988/month

248 Branch unit mix = Front 4br/3ba & Back 3br/1ba

252 Branch unit mix = Bottom 3br/2.5ba & Top 3br/1ba

There is a 2x car garage on-site +7x uncovered parking spots. 248 1/2 has a private back patio with a planting area. The large lot has room for expansion via ground-up construction or leveraging current ADU laws. Rentals went through significant capital improvements at the end of 2019.

Check out the full listing here! You can also email or call (323) 412-9060 for…

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Non-Rent Controlled 4,225 sq ft Moreno Highlands Duplex - Delivered Vacant!

With 270-degree views of Silver Lake Reservoir to Downtown LA and a location impossible to beat, this duplex is a once-in-a-lifetime opportunity! Keep scrolling for more details and pictures.  

$1,899,000 | Unit 1: 3Br/3Ba | Unit 2: 2Br/2Ba

Dream duplex at summit of Moreno Highlands in Silver Lake.  3668 sq ft per Public Records (measured at 4,225).  Tri-level property with breathtaking 270-degree views spanning entire Silver Lake Reservoir to DTLA.   2x story 3br/3ba top level owners unit (2745 sq ft) 1x story 2br/2ba unit below (1480 sq ft).  Owners unit gets ++natural light, has 1x bedroom and oversized laundry room downstairs and 2x master suites…

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In just a few short days on June 15th, East Hollywood along with the rest of California will have the go-ahead to completely reopen again. It's been a long 15 months in lockdown, and as we step back out into society you'll notice how much has changed during that time, and IET Real Estate is no exception!

Over the last few months, we've been working on improving our website's look, functionality, and content. It's important to us to provide the best user experience possible and to serve as a trusted source of real estate information and community news. Be sure to click around the new site, bookmark us, and check back often so you can stay up-to-date on what's going on in the East Hollywood market.

If you're looking to buy or sell a home in the…

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Los Angeles restaurants have been struggling to survive since the beginning of the pandemic and women-owned businesses are being disproportionately affected. The National Bureau of Economic Research reported a 25% drop in the number of women business owners last year, a decline they classified as "unprecedented." 

In response to this crisis, a group of women who own Los Angeles restaurant and hospitality businesses came together to form the charitable organization RE:Her. Its mission is to advance women in the industry and provide them with mentorship, grants, and resources. 

To kick-off 2021, they've organized "10 Days RE:Her," their first virtual food festival which will include special take-out menus from over 100 restaurants across the…

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The Los Angeles housing market has been booming despite the pandemic, but now that coronavirus cases are surging in the area, you might be wary about moving right now. Although LA County is under lockdown, you're still allowed to tour houses for sale provided that everyone adheres to some precautions set in place by the government. However, once the sale has been made and it's time to move, it's up to you to know how to do so safely. 

Should you risk missing out on this seller's market or stay put for several more months? We can't tell you what's right for you and your family, but we can give you some tips on how to maintain your safety and sanity while moving during Los Angeles's coronavirus spike. 

Plan Ahead and Start Early

Planning ahead…

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Due to COVID-19, refinance eligibility rules for homeowners with a loan forbearance have temporarily changed for government-backed mortgages. To alleviate some of the confusion, Fannie Mae and Freddie Mac released an FAQ section on their website, that will be updated as new information becomes available. To learn more about eligibility and options, check out this blog from IET Capital.

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This New Year's Eve in Los Angeles, there will be no swanky parties to attend or fancy restaurant reservations to get dressed up for. Even though the holiday looks very different in 2020, that doesn't mean you shouldn't find a way to celebrate in whatever small way you can. Getting some indulgent take-out always makes an evening a little more fun, so consider ordering from one of our favorite Los Angeles restaurants on the east side that are open on New Year's Eve. 

Little Dom's 

This year, the Los Feliz neighborhood institution is open with specials for NYE and New Year's Day.  On NYE, choose from dishes like lobster spaghettoni or short rib with saffron risotto. On New Year's Day, they're offering a dish with black-eyed peas and collard…

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