All Forum Posts by: Eyal B.

Thanks guys.

I did not hire anyone for the design. It was simply a lot of research into finding great looking materials for investor pricing, intuition, and a general understanding of what people like (opened and flowing, lots of light, etc).

Hi Allison,

I'm an active multifamily investor in LA. I plan to be at the meet up posted above, but feel free to reach out to me with questions or just to chat. 

I plan to attend.

Buyers WILL buy on cashflow in LA, even on fourplexes. Legal fourplexes. Nobody is going to pay anywhere near market CAPs on a property like this. A neighbor complains to the city about too many people coming and going and the owner will be paying 10-20K per unit they are forced to remove from the market (assuming this property ends up falling under rent control), deal with multiple evictions and potential compensation for landlord breaking a lease, plus all the work to convert back to SFR. That is easily 100K+ of work to just go back to a SFR, while the city makes your life miserable. You better be getting a great deal to take on a six figure risk like that. Your friend also made it way more expensive for a developer to purchase the property for new construction (because of relocation costs).

They (hopefully) invest in companies operating in industries and markets they know very well and are well researched around the numbers for that stock. Similarly, investing locally has an inherent advantage in terms of being able to truly understand that market or sub-market and the local intricacies like the back of your hand. There are big opportunities and pitfalls between the lines, and being local allows you to know and leverage those. That doesn't mean investing out of state is always bad, but you are at a disadvantage and are potentially open to additional risk simply because you aren't there to know the sub market trends.

Totally agree with your response about where your kids wanted you to invest. Doesn't matter what others want, it matters where and how you perform.

You might consider a 0% credit card to act as a small line of credit in your business if its only 10K. An investor will likely want to be first out at the close of escrow whether you make a profit or not, so why pay someone else? If debt is equal, might as well seek out the cheapest for of it. 

Let me know if you put something together!

Thanks @Joshua McGinnis I'll take a look at that!

I'm looking for recommendations for good study courses, crash course, or self prep (online or book) for the California Real Estate Brokerage exam. 

What is the best method to prep for a commercial agent that has been practicing for many years?

If anyone has taken a crash course, were other study methods needed or was the crash course sufficient?

Thanks!  

@Matt R. You can try to syndicate the deal, maybe start with friends and family. If the numbers are truly good and defendable, you could potentially raise the downpayment and rehab cash needed. Of course, you can also run it by me! I'd partner on a great deal or just give you my thoughts.