The difference between Own Your Owns (OYO) and Long Beach condos is a philosophical one.
With a condo, one owns the airspace that the condo occupies, with an OYO you own an undivided interest in the complex with the right to occupy a certain apartment. OYO has much more limited financing but otherwise is like a condo in that respect.
- Talk to the two lenders below that can assist you in financing.
Long Beach Own Your Own Real Estate Statistics
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Available Long Beach Own Your Owns for Sale
This is OYO Condo great investment opportunity better than money in the bank, "Sold as is condition" or first time buyer Own your Own" 1 bedroom 1 bath parking in secure building on famous trendy 4th street restaurant Row and vintage shops, walk to b
Beautiful Alamitos Beach Own-your-Own in prized Appleton Street location, close to the beach and downtown Long Beach. This lovely unit has refinished hardwood floors, lots of storage and a charming bathroom with pristine, original tiles reminiscent o
Please note property is considered “Own your Own”. Completely Remodeled East Village in Small complex (only 12 units). 1 bedroom and 1 bath with Garage. New flooring, paint, counter tops, appliances. Walking distance to beach (only 6 blocks away).
This two bedroom two bathroom unit features a spacious living room and dining area, and large windows that bring in lots of natural light. Features wood floors, spacious bedrooms, and bathrooms full of retro charm. Unit is located on the second floor
This cozy OYO is located on 1st / Elm Street in the East Village Art District of downtown Long Beach. It's the perfect spot to enjoy the ocean breeze as you relax in your studio unit on the second floor. The large window facing the courtyard allows y
This well-located OYO property is situated in the vibrant East Village Art District in downtown Long Beach. So close to the blue line, central bus station, pine Ave, beach, shoreline village, Terrace Theater, Pike, coffee shops, and restaurants. The
This exceptional location in the East Village Art District of downtown Long Beach is truly one of a kind. You'll be within a short distance of the blue line, the central bus station, Pine Ave, the beach, Shoreline Village, Terrace Theater, Pike, coff
If you are looking for a home you can move into and enjoy, this is the one for you. Beautifull, spotless upstairs Own your own. New flooring, new paint, upgraded kitchen and upgraded bathroom. A real pleasure to live in. Great neighbors and great gat
Are you looking for a spacious unit centrally located to all of the fabulous amenities and attractions of Downtown Long Beach? Then look no further. This unit has an terrific layout that makes it feel much larger than it actually is. It also has a to
THIS UNIT HAS BEEN TOTALLY REMODELED. NEW CUSTOM PAINT, NEW FLOORS, NEW APPLIANCES, NEW DOORS,COMPLETE KITCHEN REMODELED,NEW DRAPES., NEW CABINETS, NEW BATHROOM AND SHAWER, ETC.... IT LOOKS LIKE A MODLE HOME.! PLEASE CALL AGENT FOR AN APPOINTMENT.
Welcome home to 815 Pacific Ave #4, Long Beach. This 1 bedroom 1 bath condo located on the 2nd floor, of a well maintained building comes with its own dedicated entry way. Just 1 mile from the ocean and ALL ATTRACTIONS of Long Beach (aquarium of the
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What are the Financing Requirements?
Some of the Own Your Own buildings may be cash only due to having too many rentals in the community or this is an issue and it doesn’t qualify for financing.
Two Lenders that Finance Own Your Owns
- Brian Shigekium of Chase Bank at 714-336-5248
- Josie Truong of LBS Financial, a credit union in Long Beach. 714-270-2490
Additional Information Own Your Own Properties
I call them one of the first types of condominiums. The number of own your owns has dropped over the years with a lot of them converting to condos status. When you convert over to condominiums, it is easier to finance a purchase. I only know one lender in Long Beach that can finance the purchase of an Own Your Own.
Property taxes on either are segregated (billed to each unit on an individual assessor’s parcel number).
If you’re looking to invest in real estate, owning your own residential properties can be a great option. Not only can it provide a steady stream of passive income, but it can also offer long-term financial benefits through appreciation and equity.
However, before diving into the world of property ownership, it’s important to understand the responsibilities and considerations that come with it.
Equity and Appreciation
Owning your own residential property can be a great investment in your financial future. One of the primary benefits of owning a property is the potential for equity and appreciation. When you own your own home, you are building equity with each mortgage payment you make. This equity can be used in the future to finance other investments or to pay off debt.
Additionally, property values tend to appreciate over time, meaning that your home could be worth more in the future than it is today. This can be a great way to build wealth and secure your financial future.
Stability and Security
Owning your own home can also provide a sense of stability and security. When you rent a property, you are subject to the whims of your landlord. They may decide to sell the property, raise the rent, or make other changes that can disrupt your life. When you own your own home, you have control over your living situation and can make changes as you see fit.
Additionally, owning your own home can provide a sense of security for you and your family. You don’t have to worry about being evicted or having to move because of someone else’s decisions.
Factors to Consider Before Buying a Residential Property
When you decide to buy a residential property, there are several factors you need to consider to ensure that you make the right choice. Here are some of the most important factors to keep in mind:
Location and Neighborhood
The location of the property is one of the most important factors to consider before making a purchase. You want to choose a location that is convenient for you and your family, with easy access to amenities such as schools, hospitals, shopping centers, and public transportation. You should also consider the safety and security of the neighborhood, as well as the quality of the schools in the area.
Budget and Financing Options
Before you start looking for a property, you should determine your budget and financing options. You need to know how much you can afford to spend on a property, including the down payment, closing costs, and ongoing expenses such as property taxes and maintenance costs. You should also consider your financing options, such as getting a mortgage or using your savings to pay for the property.
Do You Want a List of Long Beach Own Your Own Properties Sent to You?
Long Beach has a small number of Own Your Owns (OYO) for sale. If you are interested in this type of property, please contact us and we will email you a list of them.
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