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All Forum Posts by: Ewa Reza

Ewa Reza has started 9 posts and replied 128 times.

Post: 5% Down Conventional Loans for 2-4 unit Multifamily

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

I love your creative thinking @Stephanie Luciano haha but I'm afraid they won't buy it. One way to obtain that kind of financing would be to get a job offer in San Diego. Offer letter that proves that you or your husband needs to relocate, would be a valid reason to get that 5% down loan.

Post: OFF MARKET boutique hotel for sale

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

Turn key 10 key boutique hotel in Lake Arrowhead CA  - not yet on the market; asking $3M DM me for more details. 

Post: Looking for like minded individuals / investors looking to break into development

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

Looking for like minded individuals / investors looking to break into real estate development - hospitality as well as high end spec homes. Please private message me if interested in equity partnership.

Post: MTR and ALE

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

@Bonnie Low Let me show you some actual numbers...

 I have mostly 4 bedrooms that are NOT furnished and utilities are responsibility of a tenant. LTR rental Zestimate is $3K. I usually rent them at a bit of a premium around $3200 and ALE gets me usually $3800. And they have to rent furniture which is probably another $1500/month for this size home (basic package on 6 month rent). So roughly with these numbers if you have furnished place you can make 75-80% more with MTR (compared to LTR). I believe this is rather on par with other MTR landlords but honestly I don't know many people who deal with MTR.

Post: Deal 1: Self Storage Facility - Learn with me & offer support

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

@Henry Clark could you elaborate on this? I'm trying to find out more about SBA lending for hotel construction....

Post: Deal 1: Self Storage Facility - Learn with me & offer support

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72
Quote from @Henry Clark:

@James Hamling

I enjoy helping answer questions on BP.   Glad to share and sharpens my approach.  For example we stay in a 40 mile radius of our house in Iowa and have way more opportunities in small town USA than I could have even imagined.  Helping other people in different parts of the country I’m amazed at the opportunities in storage.  Far better than where we live.  

I have helped one of my family out.  $310,000 down.  Sold for a profit of $1.2mm 2 years later starting from construction.  Plus he got his $310k back. Plus the rental income during that time.  He is tickled pink.  They are moving to Italy on an assignment for 5 years and will have a great life with cash plus his pensions. Plans to get back into storage when he comes back. 

Although I did this for family would never do this as a business.  I would literally charge to much. Say 2% of gross total revenue after they hit breakeven at 65% occupancy.  Forever.  And 10% of sales price if they sold.  Mainly don’t want the phone calls. Family is enough.  Plus although Self Storage is great we are focusing on Teak plantations in Belize now.  


I've been contemplating teak plantations in Belize for a while now. Especially combined with STR or boutique hotel. How did you get started?

Post: MTR and ALE

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

I work with ALE pretty consistently in Sacramento area and also Glendale CA. The difference in rates in LTR vs MTR in Sacramento aren't significant. I get maybe $600 a month more with MTR. It comes unfurnished and even fridge and washer / dryer ALE needs to rent elsewhere. They don't care if utilities are included. In fact I believe they would rather utilities NOT be included because if not included already in rent it costs them less. Tenant / their client pays utilities and security deposit. They only pay accommodation and furniture rental. 

Post: Advice on multifamily investment

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

Los Angeles is a great place to house hack actually. There's many places that it's easier to do, as cash flow in LA in very tough to get I'd say for the first 2-3 years of ownership but the appreciation is the best. Why cash flow a few hundred bucks a month when your property can appreciate tens or hundreds of thousands a year? Currently I recommend to my clients getting a single family house with ADU and short term rent the main house. A small 2 bedroom house in the right location can bring in $10K+ in revenue each month.

Post: Costa Rica

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

@Jon Latorre I'm traveling to CR next week. What areas do you recommend for airbnb in particular? 2 or 3 bedroom properties would be more profitable considering their cost? If your company were to manage the STR in CR how do you deal with matter of safety / home burglaries?

Post: CA eviction ban - any Los Angeles landlord tried to evict lately?

Ewa Reza
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 139
  • Votes 72

A tenant’s guest shoots and kills someone at the rental property.

Another tenant threatens to behead the landlord.

And a third renter runs a prostitution ring out of the unit.

In each case, the landlord pursues an eviction, and each time, the judge says no.

These are just some of the eviction-worthy situations that have gone nowhere since April 6, when the California Judicial Council suspended virtually all unlawful-detainer proceedings in the state.

In the cases above, the landlords pointed to the Judicial Council’s exception for threats to health and safety.

The plaintiffs were still denied.

The justification? Rule 1 requires that a threat is ongoing, and a homicide is a one-time occurrence; threats of beheading can be handled through a restraining order; and a prostitution ring doesn’t pose a public safety risk.

These new laws are so poorly written the situation became insane. Have any of BP landlords tried to evict lately? How are we supposed to preserve peaceful, quiet enjoyment of rental communities without legal rights to evict? All this combined with short term rentals / airbnb becoming illegal in Los Angeles as of Nov 2019, makes me more and more inclined to give up on California and find market that's less tenant friendly.