All Forum Posts by: Andres Murillo

 Because technically if you do the work yourself, you are not "hiring a contractor" so I wonder if that gets you around it. 

I've seen some super bad flips. Often they are by realtors who are bragging on IG about how many flips they've done this year. I don't see how they get away with it but maybe some buyer's agents are not helping their buyers with due diligence and inspections??

Have you had to fill out the new disclosures on your jobs?

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.

According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:

- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract

- the name and any contact info for the contractor for any work over $500

- any permits obtained

So you still can be an HGTV star, just make sure you do it by the book. :)

Have any of you flipping in the Los Angeles area been affected by these new disclosures?

It hasn't come up for me on a transaction yet and I'm curious how it's playing out in practice!

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362

https://www.car.org/riskmanagement/qa/New-Laws/2024-New-Laws

Both Democrat and Republican presidential candidates have found common ground in the idea of using federally owned lands to address the U.S. housing shortage. Vice President Kamala Harris and former President Donald Trump have both floated plans to make housing more accessible by repurposing public lands for development. This bipartisan proposal responds to the urgent need for new housing, with estimates suggesting a shortage of up to 5.5 million units nationwide.

Legislation like the HOUSES Act, which has received bipartisan support, aims to unlock millions of new homes by using underutilized federal land. However, challenges remain, particularly with balancing environmental concerns and ensuring that new developments cater to lower-income families. While the proposal won’t solve housing issues in dense urban areas, it represents a step forward in the fight to make housing more affordable.

Hello all,

I have a zoning question here. My property is in Los Felix (zip 90027) and is currently zoned as a R2-1XL. Its a duplex as it stands now with a garage in the back. I would like to split the downstairs unit, currently a 200 sq ft 5 bed 3 bath, into 2 2 bed 2 bath units AND convert the garage to an ADU. Effectively turning a 2 unit property into a 4 unit. Almost every property on my street is a 3+ unit property.

Now, I understand that I cannot build a quadplex due to zoning restrictions. I of course could get the property re-zoned but that is a long, tedious, and expensive process.

I called the city twice about this and both times they told me that with R2-1XL zoning I can have 3 ADUs, 2 detached and 1 attached. So, I would not be allowed to turn the property into a quadplex BUT could turn it into a duplex with two ADUs, one attached (the additional unit built downstairs) and one detached (the renovated and converted garage).

Does this sound accurate to the community here? Does anyone have experience with this? I just want to make sure that this is actually allowed before I go down this path. I know two different folks at the city said it is, but you tend to get a different answer within the city departments based on who you call and what group you call so just want to make sure there isnt any grey area here.

Thanks!

Franklin

Team - We plan to 'BUILD' an ADU in our backyard needed to know if there are any "Non-Traditional ADU financing options" out there? Eventually we plan to rent the ADU for Medium or Long Term rental, and not sure if DSCR loan will qualify for such an arrangement. Please let me know. Thank You!

Hi all, 

So I’m about 2.5 weeks into my real estate journey. I’ve been completely immersed in educating myself with the basics and then some. I’m planning on going to some meet ups in the next couple of weeks.
Perhaps I’ll meet someone organically then and develop a relationship, but I figured I’d post to the forum as well as I want to hit the ground running.  

I’ve been working in the TV and commercial industry for the last 11 years. I typically would work 12-16hr days. Now, I want to put that same amount of energy into learning and real estate investing so I won’t have to put that time into the film industry for the next 20 years. 
 
I’m hoping to connect with a seasoned real estate investor who can help guide me on my journey. I know time is money and, understandably, not everyone wants to share their’s for free.

That said, working in the film Industry, I own and operate some of the best film cameras and equipment on the market. If you have social media content that you create or have any other need for high end video production, I can offer my services and/or equipment as compensation for your guidance a knowledge. 

If this appeals to some folks out there let me know - I look forward to connecting. 

Thanks!

- Steve Branagan

Any recommendations for a reputable general contractor that services the Torrance/Gardena area? 

Planning to start a complete home remodel (interior/exterior) on a home (currently 837 sq ft), kitchen and bathroom bump out, and add an additional bathroom. 

Thank you in advance! 

 Interesting, we know of one group that does this in FL (ONYX). What type of homes are you building?

I'm exploring different options for building on vacant land here in CA and am very intrigued by pre-fab home designs (Walls etc.. are assembled in a factory and shipped to site). Pacific Modern Homes is a great example - we built one of their kits in the 1990's and it was beautiful/ really minimized labor and scrap onsite. The problem:  I'm on contractor #10 in Southern CA and so far nobody wants to quote the project!! Any recommendations are appreciated.