Los Angeles - Agents, Lenders, Inspectors, Appraisers, PMs

[Matt Twaddell]

Hi all,

I was looking fro some referrals for real estate agents, lenders, inspectors, appraisers, property managers, and contractors. I’m currently looking into properties in Los Angeles and Big Bear areas, but wanted to get some second opinions/quotes.

[Nabil Suleiman]

@Matt Twaddell

The competitive environment in LA is the same in Big Bear, but the prices are just different. If you are looking for a personal property the way you look at your investment should shift dramatically. Depending on where you live now, how much you pay to live there and the amount of time you are going to stay in the home you are buying will shift how your decision is made. For a lot of the people I work with that look for what you are looking for, we often shoot for homes that need love so you can force equity into them, but looking at ARV's of today wont honestly matter. The biggest thing for you will be rent vs PITI and if your future value and potential ADU income is worth the initial investment now. As for the team, you really only need a good agent and a good lender for now, meeting a contractor at this point wont be much other than an intro, your agent will likely have good GC's for you to work with once you get into the thick of it. Until then most GC's are incredibly busy and wont dedicate time to something until you are under contract. You don't need an appraiser relationship for what you are looking to do. As for property managers, if its LA, you will likely be your own.

Just remember everything you do in LA as owner occupied is long game, what can you buy, and at what interest rate. take your profit in 2 years tax free (up to 250 as an individual) and move onto the next one. Or hold and rent the front house and ADU and cash flow. Do a cash out refinance and repeat. aka the BRRR strategy but at a much slower pace then how people do it in the mid west :)