All Forum Posts by: Geo Tan

Hey @Alina Trigub,

Making a webinar is a great idea as well! If these seminars have potential I'd definitely be open to doing a few webinars as well! Thanks for the great tip!

Best regards,

Geo Tan

-OFF MARKET

-Entitled for 30 apartment units and ground floor retail mixed use

-12,000 sqft fully entitled project

-Upland, CA

-$1.2MM

Message me for details!

Hey BP family, I made this event to see if there are enough people interested in an event like this. I can make this event a reality but just wanted to make sure there would be enough people interested. Please let me know if this is something you would attend and I will make one for the month of May! Thanks!

Calling all Real Estate Investors! If you have past experience or knowledge in Real Estate Investing and want to take it one step further and dive into the world of Commercial Real Estate Investing, this stay tuned! We will be planning out info sessions that teach what the differences are between residential and commercial real estate and how to invest in these properties. If you are looking to learn how to invest in commercial properties like apartments, retail, industrial, land, etc, be sure to join up. We will be hosting events regularly in DTLA for meet and greets, informational sessions, and seminars all about Commercial Real Estate. 

**No real event is scheduled for May 18th**

Hey BP family!

So I've been been playing with the idea of maybe doing a seminar in DTLA in regards to better understanding commercial real estate. I know the majority of you here invest in residential multi-units but was curious how many people would be interested in maybe attending an information session where we discuss what CRE investing is and how it's different from residential real estate investing.

Curious to who are interested and if this is already being done?

Thanks!

Hey BP family!

So I've been talking to the Commercial broker I work with over in Keller Williams and we've been playing with the idea of maybe doing a seminar in DTLA in regards to better understanding commercial real estate. I know the majority of you here invest in residential multi-units but was curious how many people would be interested in maybe attending an information session where we discuss what CRE investing is and how it's different from residential real estate investing.

If you would be interested in this, please shoot me a message or respond to this discussion with what you may want to get some more info on or whether you would like something like this to happen. If enough people are interested we can definitely set something up so let me know!

Thanks.

Hello BP investors!

• Located in Arts District
• 6 units
• Corner lot
• Value add
• Motivated seller

Please message me for additional details if you are interested!

Hey @Account Closed congrats on the license! I too just received my CA license recently and looked into quite a few brokerages. I ended up choosing KW DTLA. It's a commercial brokerage located in Downtown Los Angeles. So far I love it here. Like yourself I was pretty clueless in terms of where to begin and I had zero knowledge of being an agent. I loved how they are very active in terms of providing materials to get you started off along with having great mentorship programs and free courses readily available. I honestly feel like if the person joining puts in 100%, you'll definitely get 100% from the brokerage in terms of getting started. Feel free to PM me if you have any more questions or need any additional details on the brokerage I work at. Congrats again and hope whichever one you choose, you thrive! Cheers.

Hello Bigger Pockets family!

While looking at properties in Los Angeles, I realized quite a few people are buying SFR's and demolishing and building multiunits on the lots and then selling these as turnkey multiunits. I was curious to what type of zoning change process they go through to pull this off? Do you apply to the Department of City Planning and just wait for it to get approved? Or do they know which ones can be approved prior to purchasing the SFR? Just curious in the process of doing these reconstruction flips. Thanks in advance!

Cheers,

Geo Tan

Hello Bigger Pockets family!

I was lucky enough to be able to purchase my first 4plex property! I had a few questions in terms of how the leases the tenants that were renting the unit out prior to me purchasing it works? I guess I'll list them out as simple as I can and I can answer any questions on the details since I'm fairly green to being a property manager.

1. The lease that the tenants signed was an extremely basic one since they were made by the flipping contractors. I would like to add things like regulations on drug use, smoking inside, subleasing, etc. What is the best way to go about this? The lease is for one year, then goes to month to month. I know I can't do much to change the lease until the year is up (or can I?). So after the lease goes month to month, can I just make a brand new contract for them to sign to lease for 1 year?

2. Once the year lease is up and it goes month to month, can I give them a 30 day notice to vacate with no real reasoning? Or would there need to be just cause?

3. Piggybacking on question 2, how do most people calculate appropriate rent raises on a non-rent controlled property?

4. What is the final pusher that gets managers to finally decide to evict their tenant? If they pay rent on time but are not taking good care of the unit, would you keep them then just charge everything through their deposit? What if you start to feel like the deposit won't cover the damages they are doing to the property?

As usual, thank you all for any and all help clarifying these questions and if you need any additional details, don't hesitate to ask! Thanks in advance!

Cheers,

Geo

+1 to @Account Closed

The time and money put into getting a license is very small compared to the advantages you gain in my opinion. No need to really list out why I think so since Anthony seems to have covered everything I could think of. I'm sure you can get around investing without it and plenty of people have done so very successfully but for beginning investors it's honestly a great place to make contacts and learn. There's a vast amount of information and helpful people on BP and there are many ways to reach the destination of a successful REI. I wouldn't listen too much to people that bash on every other type of investing method and say that their way is the best and that the other people are wrong. They may have become successful using their own method like they state but doesn't mean that its the only way to get there. Like many have mentioned you'll get all sorts of opinions on here so take everything with a grain of salt. Cheers.