All Forum Posts by: Dennis Maynard

Where are you located?  It really makes a big difference.  Then I can answer the question.

No I don't believe you can.  Considered discriminatory.  Verify with Housing Department.

@Rick Albert. Have you heard whether or not older homes with new ADU's now become Rent Controlled?

https://www.cbre.us/research-a...

Pretty easy to find on a web search.

You just can't fix stupid....

@Benson Juarez. Now is the time to hunt.  Real Sellers out there.  How can I help?

@Joshua Duvall I don't focus on Palmdale, but I have sold there representing buyers.  Is there something you want to discuss or seek out?  

I apologize for the delay, I was traveling and then came home and got sick.  All better now.

@Jason Malabute there are several "quick" hacks to get a general idea of the market place.  CBRE and Marcus and Millichap both put out cap rate studies.  They do this for the entire country and break it into classes of buildings.  They are a great resource to use when entering or keeping up with a market.  You cannot however apply those caps to 2- 4 unit buildings.  The financing is different and therefore those units will need a simple "does this meet my goals" checklist.  If you understand the detailed components of a cap rate, then you should be able to compose a cap rate that makes sense for yourself.

For what product type? 

Supply is thin in LA, and yet there are tons of opportunities out there if you know what you are looking for.  I believe there are new restrictions on the McMansions in certain neighborhoods.