All Forum Posts by: Francisco Trejo

Hello try Quicken loans or Guaranteed rate..

Congratulations... Thanks for sharing details..

Hi Kenneth , near Culver city or in Culver city,  either way sounds like a pretty good deal, I think your numbers on are rent are low, I'm in mid city LA. and rents for this area wich is Culver city adjacent rents are over 2000 for a 2 bed. I would say 2000-2400 depending on condition and square footage.  In the city of Culver city they are a little bit higher. (Schools District)...

I also think your construction numbers are low, unless you are doing work.  In LA right now construction is about $ 200 sq ft. Or a little higher. You should have a contractor give you a rough bid.Here's an example I'm in the process of converting my garage to a 1bd apartment  will be adding about 100 sq ft to make layout work.  I still have not decided on contractor, however I have gotten rough estimates between 40 to 70 k.

I have spent about 5k in blue prints and plan check so far..

Anyways hope this helps.

Congratulations...  Very inspiring and insightful ...Thank you

This is 4plex.

Hello BP World .  Any recommendations on contractors in Fresno California.   Looking to rehab a fire damaged property.  Anything that would help? Would appreciate your contribution thanks..

Hi Troy.. I have a couple of section 8 tenants,  been dealing with a few years what do you want to know? Any  specific questions?  I assume you know or have read basics, money is always on time.  Sometimes not the best tenants, but that depends on screening, unless you inherit tenants. I had to evict a tenant a couple of years ago here in Los Angeles ,my first eviction .  The tenant knew the system (process) I had no clue. I got an Eviction attorney and at the end of it all, I felt like I got screwed. In retrospect wasn't as bad as it could have been if the tenant was not section 8. Section8 paid rent through the Eviction process which took about 5 months.  I missed the $180 a month for that period which was the tenant portion of rent. I would of lost entire rent of $2100 non section8 tenant for that period. 

In my experience section 8 office does not really help landlords,  when I have called or sent emails to case workers assigned to family in my rental units, they dont reply to emails or messages.  I was lucky enough to catch them on the phone,  I asked if they could counsel tenant regarding late payment and inspect unit for cleanliness.  I was told to seek legal help.(I asked, I didn't know better) 

Anyways feel free to reach out if you got any questions, glad to help. 

Hello Tyler, in my experience sec 8 comes everything mentioned above, the positives money is always on time, sec 8 portion.  If in case you ever go through an eviction , section 8 will continue to pay during the period of an eviction up until tenant is out of your unit.  The section 8 tenants I have dealt with need training, meaning set expectations and stick to them.. 

Hello BP world. I'm currently under contract with a duplex in Milwaukee WI.  Would like to ask you all for management companies referral s for Milwaukee area..

If you've had a negative experience with a company please also share , so that  we do not fall prey to such companies. 

Thank you all.

Welcome to BP..