All Forum Posts by: Edward P.

Hi @Michael Badin

Thanks for the wealth of information. I will search into this I feel like there has to be a way to get a private lender to work as a partner in RE. 

Thank you @Steve Vaughan!

I am married (now), the previous prperties are under my name. 

The area I am looking in is for investment purposes only everywhere else is over priced. The properties near USC are under 4 units so they are Resi loans. If I find a occ property it would need to be in a better area but would cost over 1M UCLA, Century City, Culver City).

Please elaborate house hack?

Hey Guys,

I am based in Los Angeles and I have a 4 properties because of people like you on BP teaching me RE. I am looking for financing more deals to provide financial independence but I am having trouble to where it makes sense. 

Hard money lenders are asking anywhere from 10%-20%

I do not have 20%-25% for the down payment available. 

Typically people in Los Angeles do not sell with seller financing. 

I am waiting to build equity in the other properties to get a LOC and use that towards a purchase of a new multi-family home(MFH).

I know I am asking a question which is out of norm, but I assume others are having the same issue. 

I am looking at MFH near USC which are 400K-800K. 

I appreciate everyone's response to this. 

Hi BP friends,

I have a tenant who is late on his payments, at this point I would like for him to leave. I have served him with a 3 day notice but I am looking for a lawyer to complete the process in the Los Angeles area. 

Thank you.

Eli

Well written @Brandon Sturgill

Thank you but doesnt my insurance go up because it's done separately?

Thank you both

Hi  BP,

I just purchased a new 4-unit property which has a duplex and 2 single homes. My insruance will not insure the buildings together they will insure them if they are separate insurance. Do you have any ideas?

Thank you in advance.

Hi BP,

Is there an excel sheet anyone uses for contact information, banking debits/credits etc. I am making as I go but was unsure if there are a few things I am missing.

Thanks!

Hey @Chuck Masters ,

I completely understand how rates have many factors but just like how bankrate.com has an refi or mortgage rates how is it that they do not have "investment" rates? 

It is correct that investment rates are higher than owner occupied. 

Thank you again!