All Forum Posts by: Victor Argueta

let me know if you do meet up. I'm in Playa Vista and an active investor. thx

Reach out to HVAC companies near you. Try yelp in your area. Also look into duckless heating and cooling. No permits required, at least here in LA.

I've had nothing but really good experiences with CC - all new construction. Since you are not adding another unit or doing New construction, you should not have any problems going thru the building plan approval or getting your finals signed off as long as you meet their guidelines. Should take you about 3 months to complete the whole process. Good luck.

My suggestion is you contact owners who are in default less than 90 days and with equity position of >50k. These homeowners will not appear on propertyradar or most lists. For the most part, MF 4+ owners are vastly more sophisticated thank mom/pop sfr owners and may offer carry back financing to mostly benefit them not the buyer. Which makes perfect sense.

I agree with Tony. Those numbers are ridiculous. 1602 sqft house should be around 90-120k depending on finishes of course with roof included. That's if you are not adding sqft of course. Have you considered partnering up with a builder/rehabber to do the work without out of pocket funds from you and sharing the profits or are you looking to holding the house?

I recently purchase a MF near USC as well, on 36th Place and Normandie. Tenant occupied. No lease agreements. Both tenants claimed rent was below market, which I knew they were going to argue that. I approached them in a way that I would rehab the kitchen and raise their rents to market. Initially they agree, then a day later they asked if they were allowed to stay one month free they would find a new place. Luckily for me they moved. However, in the past during arbitration, the judge tends to rule in favor of the tenants even without lease agreements.  Bottom line, my suggestion is talk to them directly and see if you can negotiate a new rent amount. The minute they don't pay, give notice. But its fair to say you should contact an attorney.

@Account Closed I am an active volume in investor and have my office in Downtown Torrance. If you have any questions, PM me.

I had a convo with a friend last week about real estate investing in the LA area. He mentioned to me that he had try to enroll in a program to learn how to fix/flip properties in LA. The company quoted 2 days of intensive training for $14K. What? I was literally floored. One, why would anyone pay an amount like this and two... this friend knows that I am an active investor. He could easily pick up the phone and pick my brain if he wanted to. But I guess if its free advise, some people may not see value in it.

Anyways, after giving some thought about his ordeal, I decided to give the opportunity to anyone  who may be interested in seeing first hand one or two of my current projects. We can review/visit any of my projects so you can get an idea of what a volume investor does on a daily basis (for every 3 properties that I purchase, I hold one and retail the other 2) Therefore, if you are trying to understand rehab costs, figure out how to land your first deal, feel that LA has no inventory/opportunities, mitigate risk or any general questions - ping me. BTW i am not charging a dime. Would really like to avoid having some of you pay ridiculous amounts for courses that you can learn in a 2 hour visit. I don't know everything but know enough.

The following are current projects - 4 SFR/MF rehabs in LA - One by 77 and Normadie, another one in Inglewood by Centinela Park, a duplex located a few blocks from USC (demo will be done this Friday if you like to see it before I start), and one in South Gate, and lastly a SFR in Playa del Rey which happens to be my most expensive purchase to date. I also have new construction projects; the only one approved is located in Long Beach at the corner of Willow and Santa Fe Ave and I can walk you through permit process and approvals if new construction is what you are interested in. My recent sales are 856 W 53rd st, LA and 5161 Los Flores Ave, Lywoond (on zillow you will notice I use the same color schemes and materials. I will explain why)

I'll take off a few days next week if anyone would like to shadow me for a few hours. My office is in downtown Torrance. So ping me if interested.

Happy Investing. 

VMA

for a 1300 sqft house: ceiling, walls, doors, molding it runs us about 1500-1800 for us. I provide the paint. Normally 3 guys and get they get it done in less than 3 days. 

no. disappointed. not one referral. not sure if that means no one is actually active on these boards or what.