All Forum Posts by: Alexander Ho

Question, escrow company is asking for title and given that I'm recently married there are a lot of choices. Is it common for most people to choose joint tenants, or community property, or community property with right of survivorship? The property is located in California.

Thank you!

On average, how do you expect closing cost to be for a $900k property or is there a rule of thumb?

What does it mean when a counteroffer says this from the listing agent: "Buyer shall be credited $10k for escrow fees and other fees."

Does it mean $10k reduction in purchase price? Or does it mean any additional fees through closing would be paid by the Seller? Should I view this as reducing my overall equity needed for down payment?

Thanks!!

Hi,

I'm looking for reputable property managers in the LA area (preferable spanish speaking). We are targeting an investment in the Vernon/Huntington Park area, however I'm unable to converse in spanish.

If you come across any that are highly recommended, please do share your experiences and what to expect in terms of fees/scope of services/etc.

Correct, we are unrelated parties that would like to partake in ownership equally. Do you recommend to do a grant deed to amend the title from joint tenants to a LLC post close? I think we will have the necessary protections in place (e.g., insurance, property management, etc.) to mitigate any potential liabilities. Given that this is a first investment as a group, we want to make sure we have all of our ducks lined up in a row.

Hi,

This is a question I have regarding an income property my partners (3-4 individuals) are looking to acquire. I spoke with a mortgage broker and it is best to purchase as joint tenants with our individual names listed on the title for better mortgage rates. At close of escrow, is it recommended to start a LLC to mitigate any tenant liability risk by associating our individual names on title?

What are some recommendations and steps you would suggest, the last thing we need is a personal injury claim within the property.

Does anything change if you keep the individual names on title but on the lease agreement with potential tenants vis-a-vis a LLC or a property management company?