Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dennis Maynard

Dennis Maynard has started 12 posts and replied 286 times.

Post: CAD Software: Simple to use

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

Sketchup.  Works fantastic, easy and intuitive 2D/3D software by Trimble.  Not expensive.  The plug-in you will need to do walls, doors, etc quickly is called 1001bit tools.  This will make your life easier.  Takes a little learning, but fairly easy to learn.

Post: Cost of custom engineering/design plans for an ADU

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

You can also check out architects for this as well.  

Post: Recommendations for a good HVAC system for ADU?

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

Check out the Mitsubishi systems.  They might be a good solution as well.  https://www.mitsubishicomfort....

Post: Timing for a California DRE Public Report (TIC subdivision)

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

I'm curious why you choose TIC?

Post: Purchase my Personal Residence under LLC

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

Talk to an accountant.  

Post: In Escrow-Contingency question

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146
Originally posted by @David P.:
Originally posted by @Dennis Maynard:

From a Broker - CAR Form Purchase Agreement requires that Contingencies be removed in writing unless specified otherwise.  Contingencies that automatically expire are called rolling contingencies and are not used very often.  You should not be required to remove the contingencies until your investigations are satisfied, meaning, you can tell the owner that you are not removing contingencies and not closing escrow until the allow proper inspection which is a contractual agreement.  Any notice to perform will be meaningless and not enforceable.  If they do serve you a Notice to Perform, then call an attorney for further advice.  If you need an attorney, I'm happy to refer you to one.

Yes.  A buyer can always refuse to buy, a seller cannot refuse to sell under these contracts.

Thank you. I do see this in paragraph 19 of my contract. Sounds like the buyer is protected for most part then as long as contingencies stay in place and not removed. 

Post: High Appreciation vs. High Cash Flow... What's your pick?

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

Know thy self, Know thy market, Know thy goals....  Always remember, if either appreciation or cash flow turns south temporarily from I don't know, a global pandemic as example, can you hold it.  Have a backup plan.

Post: In Escrow-Contingency question

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

From a Broker - CAR Form Purchase Agreement requires that Contingencies be removed in writing unless specified otherwise.  Contingencies that automatically expire are called rolling contingencies and are not used very often.  You should not be required to remove the contingencies until your investigations are satisfied, meaning, you can tell the owner that you are not removing contingencies and not closing escrow until the allow proper inspection which is a contractual agreement.  Any notice to perform will be meaningless and not enforceable.  If they do serve you a Notice to Perform, then call an attorney for further advice.  If you need an attorney, I'm happy to refer you to one.

Post: Which markets have you seen downturn?

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146

@Kevin Gamboa. Take another look at your condo and rental property market.  LMK what you see.  Also segment out luxury listings. I'm curious what the results will be.

Post: What would you in Los Angeles with $60K cash

Dennis MaynardPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 300
  • Votes 146
Originally posted by @Amit Kochhar:

@Frank Wong what part of Arizona? I’ve been looking and there’s slim pickings for MF in Phoenix and Tucson at that price point to cash flow.

 I get email blasts from Pheonix pretty regularly.  They are there.