Author Archives: Erick Gallegos

Buyer’s continue to overbid! Is low housing inventory driving prices up? (E7)

Overbidding on houses is contributing to the upward surge in prices due to the basic principles of supply and demand. As demand for housing increases, particularly in competitive real estate markets, buyers are willing to pay more than the asking price in order to secure their desired properties. This excess demand puts pressure on theContinue reading “Buyer’s continue to overbid! Is low housing inventory driving prices up? (E7)”

Will the fed increase rates? (E6)

This week the Fed will be meeting and determine if a rate hike is necessary. Increasing interest rates will have the following impact: It’s important to note that the Federal Reserve’s decision to increase interest rates is based on its assessment of the overall economic conditions and its monetary policy objectives. The impact of rateContinue reading “Will the fed increase rates? (E6)”

Let’s discuss Senate Bill 9 (E5)

The California Senate Bill 9, also known as the Housing Opportunity and Mobility Expansion (HOME) Act, allows for the construction of up to four residential units on a single-family lot, where local zoning ordinances allow for it. Here is a brief overview of the process: By allowing greater flexibility in land use, SB-9 aims toContinue reading “Let’s discuss Senate Bill 9 (E5)”

What is an ADU? (E4)

An Accessory Dwelling Unit (ADU), also known as a granny flat, in-law suite, or backyard cottage, is a secondary dwelling unit with complete independent living facilities, such as its own kitchen, bathroom, and sleeping area within a single-family home’s lot. ADUs are used for various purposes, including providing additional housing for family members, rental income,Continue reading “What is an ADU? (E4)”

The Rise of EJG Consulting Inc (E3)

EJG Consulting Inc is a company that focuses on educating individuals about real estate, finances, the stock market, and Accessory Dwelling Units. The company was incorporated in 2023 with the goal of helping others expand their knowledge and start investing right away. Whether you’re a beginner or have some experience in these areas, EJG ConsultingContinue reading “The Rise of EJG Consulting Inc (E3)”

Who is Erick J. Gallegos (E1)

Erick J. Gallegos graduated from CSULB(California State University of Long Beach) with a B.S in Electrical Engineering and a minor in Applied Mathematics. He began reading books such as Rich Dad Poor Dad where he took in interest in Real Estate. That is where it all began he began researching how to become a RealContinue reading “Who is Erick J. Gallegos (E1)”