All Forum Posts by: Charles Cooper

@Allen Yang

Tenants in place are good just depends what rent they are paying. With all the LA rent control regulations, sometimes it’s best to have the units vacant.

@Angel Ricardo

The rule of thumb to calculate taxes is 1.25% for California. I use this for all my deals when I analyze them. For insurance, most of the houses are $100 a month, just quick estimate. Obviously houses in certain areas will have a higher insurance cost (flood areas, fire areas, on a fault line, etc.)

@Storm S.

Santa Barbara has some income properties that are geared towards students. Great return and California properties are going to appreciate more :)

@Shiva Bhaska

When is the meetup? I’m very interested as I own an R2 lot and always wanted to know my options.

@Trina N. Chacko

The 30 day minimum is only for LA city, not LA county. San Pedro is within the city of LA city limits. Also, it must be your personal residence and there is a cap of how many nights you rent it out per year.

Most of the South Bay is either 30 days or they do not allow STR.

Long Beach is more STR friendly, I believe you must get a permit though.

@Lloyd Segal

Thanks for this info.

@Rob Pattison

For the $100k CARES Act withdraw you have to claim you or close family member got Covid, for furloughed or lost a job.

@Quentin McNew

They didnt want to take my house on since they were busy.

@Tomas Gutierrez

The area around Long Beach State and the Circle is good

@Evan Grey

They have great a great training platform for new agents but they take a lot of your commission....Royalty fees, desk fees, etc