All Forum Posts by: Frances Regalado

Thank you, Caroline.

Hi, If anyone has an insurance broker they use and recommend for California rentals, please let me know.  I am interested in switching to a broker, who will advise/educate me on best insurance for California rentals and near-term out of state rental.

Please feel free to message me or reply.

Thank you,

Frances

@Kerry Baird,

Thank you for much for sharing. I will try calling some. This month I called Wells about a rental HELOC, as they provided them in the past. The representative said due to Covid, the stopped doing them in May so it will be interesting to find out how many others have stopped as well. Thanks, again, for sharing the list.

I will put it on the calendar, as I would love to network with people offline and determine if there are ways we can work together. 

Hi, Beware of spending money on some of these programs, as there are so many of them that sometimes try to take advantage of those eager to learn.  Before you spend any money on a program, go to top of this BiggerPockets site, and type "Multifamily," in the search area (the circle) at the top right-hand of the site and you'll see a list of  PEOPLE, FORUMS, etc.  At the very bottom, you'll see PODCASTS.  I recommend you start by listening to those and then search the FORUMS, and BLOGS. You can get a lot of free education in these areas.  Best wishes and be very care of those trying to sell you expensive programs.

Simi Valley Ca, 10 Condo development for sale 900.k firm with approved plans from city. Condos on the plans are 2 story, 3bd+2ba, 1373 sqf plus 2 car garage.

It is not listed on the MLS yet.

On site now there is a single family resident 4bd + 2.5ba rented, lot sizes .76 acres 

condominium comps around the area are going for 435k to 450k 

call or text direct 805 797 2038

Carlos

Out skirts of Bakersfield, ranch style community, zone residential comb mobile home, horse property, 2.3 miles from hwy 5 and 15 min from Bakersfield, Next to Frito lay factory and Grimmway Farms (biggest carrot producer), close to convenient stores such as Circle k, Starbucks, gas stations and others, 10 min from Nascar race tract on hwy 5, Lots of growing potential.

Short financing available with 50% down.

On Judd st with share water well 55.k!!!! few sqf from one acre lot, zone residential comb Mobile home

On Judd st without water 45.k!!!!! one acre lot, these lots are next to each other, zone residential comb Mobile home

On hwy 58 with water well on lot but shared plus electricity 100.k!!!! one acre, frontage lot, very busy hwy, you could convert in to commercial for your business, Zone residential comb Mobile home.

One more lot!!!!!!

This lot is located closer to Bakersfield on 7th standard and Bishop, with water, electricity, septic tank and gas, corner lot 40.k !!!!¾ of an acre, zone residential.

Call me for more info at 805 797 2038 

Carlos Caceres realtor lic 01884538

Thanks for chiming in everyone. We have a mid-March court date to determine if the property goes back into the Trust.  I will keep you posted on the outcome.

Thank you to ALL for taking the time to respond. I definitely appreciate it.  As a newer real estate investor, this subject is very interesting to me, but I also want to ensure we have been quoted a fair price.  Originally, I assumed Probate was the only option.  I contemplated executing the process on my own (with a little Legal  guidance) due to all the online information, but the potential to avoid Probate sounds better.  As an FYI, the lawyer said he will petition the court to get the property back into the Trust, and if that doesn't work, he will continue with the Probate process for the same price.  He is the same lawyer who drafted the Living Trust many years ago.   In any event, thank you again for all your comments, especially the "Heggstad Petition," as I did not come across that online. 

I will let you know how things turn out in an effort to educate other BP members.

Thank you for taking the time.

Frances ;)

Good Evening,

Scenario In California:

You're named Executor of a Living Trust with a piece of real estate, which you find was refinanced multiple times and not put back into the name of the Trust. 

If you petition the court (in California) to get the real estate back into the Trust to avoid Probate, how much work does this involve? How likely is it that the Court will allow it back into Trust? What type of fee would you expect a lawyer to charge for such action?

I'm asking, as I'd like to find out if an estimate recently rec'd is fair? Property was only held in deceased name. I'll call another lawyer to get a 2nd quote, but if anyone has any idea about a reasonable fee, I would appreciate hearing about it.

Thanks,