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All Forum Posts by: Charles Renn

Charles Renn has started 24 posts and replied 209 times.

Post: Beer & Real Estate: A recap of David's event "What's working for SoCal investors?"

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103


Meet like minded folks in a relaxed environment. Expect to meet newbies, seasoned real estate investors, and everything in between.

There will be no soliciting or sales, just socializing and good beer. On that note, please support your local establishments with your patronage :)


To learn about more David Greene Team, Socal events, and to RSVP, please go here: meetup.com

Post: Renting Our Home

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103

Hi @Andrea F.,

Congrats on turning your home into an investment! Tim provided you the answer you're looking for. If you're also looking for estimated markets rents you can use online resources like zillow, and rentometer.com. They are not exact but give you an idea of whats currently on the market as well as a history of rentals.

Hope this helps!

Post: What's Working for Investors In SoCal w/ David Greene & The David Greene Team

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103
Quote from @Marissa Contreras:

It says 35 but when I go to event brite it's 50. Is there a discounted ticket?

 Hi @Marissa Contreras, the early bird discount ended Monday. There's a IG contest online for two free tickets. Look up @davidgreeneteamsocal

Hope this helps!

Post: Rating a neighborhoods potential for rentals

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103

Hi @Shounak Rangwala,

Good questions. First, it's important to know that there is always risk in real estate. Due diligence can help mitigate risk, but no one has a crystal ball. If you believe that history repeats itself, you'll see that LA markets have appreciated over time. More specific to neighborhoods you'll want to drive the areas, build a local team, or perhaps look at online data from websites like city-data.com or niche.com or greatschools.org. 

Things you have control over are better to consider. For example, value adds like remodeling are a better way to get a lower priced property, and add value over time.

Hope this helps.

Post: House Hacking SFR in LA county

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103
Quote from @Zachary Shelley:

Hello everyone! I'm considering house hacking a SFR with my VA loan in LA county by renting out individual rooms and was wondering if any of you had experience at doing this in the past? I'm currently single with no dependents and rent a house with some friends, but am exploring all my options going forwards. Any advice would be great! Would be happy to connect and hear about anyone's personal experience.

 Hey Zach,

There is a ton of good info here. Like my teammate @Robert Reynolds mentioned, depending on your preapproval type, you'll want to focus on properties you can afford. We have a great lender who can strategize with you, if you haven't found one yet; one that knows VA loans.

In addition, @David Greene is coming to Anaheim in a few weeks to host a real estate meetup. Tickets are going quick but you can find details in the meetup tab on this website or I'm happy to send you the link. 

Hope to see you there and hope this helps!

Post: Real Estate & Beer w/The David Greene Team

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103
Quote from @Charles Renn:

Kick off the New Year with one of your first meetups! Expect to find newbies and experienced investors looking to network and meet likeminded folks. 

Please RSVP at our team meetup page by clicking the image below. You can also find other upcoming team events here: 

David Greene Team w/Charles meetup pageRSVP Meetup Page

shorturl.at/nEF24


You can also contact Charles directly:

[email protected]

323.362.6665


 Looking forward to seeing everyone tomorrow. Please call/text me if you can't find the group! 

Post: Insurance agent recommendations

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103

Hi Anupam,

Insurance agents can be hard to find. If you're still interested let me know and I'll send you someone my clients have used in the past.

Post: Real Estate & Beer w/The David Greene Team

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103

Kick off the New Year with one of your first meetups! Expect to find newbies and experienced investors looking to network and meet likeminded folks. 

Please RSVP at our team meetup page by clicking the image below. You can also find other upcoming team events here: 

David Greene Team w/Charles meetup pageRSVP Meetup Page

shorturl.at/nEF24


You can also contact Charles directly:

[email protected]

323.362.6665

Post: New Member in LA Looking for 1st Investment / House Hack

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103
Quote from @Sam Shapiro-Kline:

Hi All,

I'm new to real estate investing, based on the westside of Los Angeles. Part of my motivation is seeing the impact of housing scarcity and affordability in California.

Currently exploring 'lower cost' entry points into development - specifically opportunities to buy SFH or 2-4 unit MF and add 1 or more ADUs, in LA county.

Anyone have experience with ADU additions as an investment strategy?

I'm also open to moving and house hacking component depending on the location in Los Angeles. I'd consider medium-income areas of LA like East Hollywood, Koreatown.

Reach out!

 Hi @Sam Shapiro-Kline, welcome to BP! Jonathan makes more than a few great points. From my experience with my clients, there is less hassle finding properties like 2-4 unit properties, then finding a SFR and converting a garage to an ADU. Like Jonathan mentioned the costs can get pretty high, especially if you don't have a trusted contractor. He also mentioned he bought a triplex and converted a garage to an ADU. I recommend getting a clearer picture on how this works for financing. My understanding is that a multi-unit property with an ADU is non-conforming, which means when it comes time to refinance or sell the property, you might run into some issues with appraisal, with current finance regulations. This said, people do it, and if you're holding long term and not planning to take out equity, you may not run into any issues. Hope this helps!

Post: David Greene Team Real Estate Meetup + Beers

Charles RennPosted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 215
  • Votes 103

Meet like minded folks in a relaxed environment @ The Hermosillo in Highland Park. 

Expect to meet newbies, seasoned real estate investors, and everything in between.

There will be no soliciting or sales, just socializing and good beer. On that note, please support your local establishment with your patronage :)

RSVP and contact information can be found on our meetup page:

Meetup RSVP page

Cheers!