All Forum Posts by: Grant Lin

What city? What kind of rents are you trying to get?

Originally posted by @Nery Moreno:

As a real estate agent and investor, I've had luck in Long Beach, Compton, San Pedro ,Inglewood and South Central LA. Any other areas are difficult because the of the current high LA prices. San Bernardino county, Inland Empire provides the best cash flow but the equity builds at a lower rate then that of the greater LA are. In my opinion, if you are an FHA buyer, chances are you will not be cash flowing upon purchase. However, at 25% conventional, there is absolutely no reason why you should not be cash flowing Day 1 on a triplex or fourplex.

Agreed. Not sure what kind of deals everyone else is looking at, but everything we buy or look at in SGV and IE are cash flowing from day 1 (given 30-35% down payment). Latest one we have under contract will give ~5% cash on cash in the first year. 

Anyone recommend any good real estate attorneys in the LA area?

Match leases to rent roll. If they don't match, be sure to get estoppels Ask for and check all contracts: 3rd party laundry contracts, trash, management, etc List of capital improvements in the last few years List of personal property to be conveyed to buyer (e.g. tools, spare appliances, repair parts, excess flooring, etc) List of vendors and contact info Any and all documents or notices that reference the existence of mold, lead-based paint, or other toxic materials and related problems Any and all documents or notices that reference the existence of any litigation affecting the property Any notices from any government agencies

San Bernadino county and especially city definitely have much more affordable options-- anywhere from 4-7 caps.

Has anyone had any good/bad experiences with security camera systems? I am looking to put in a new system and the prices I've been seeing on Amazon differ drastically. Any input or recommendations would be greatly appreciated!

I have a fairly large storage room in my 20 unit apartment that is only being used to store some materials and a few tools. I'm thinking of clearing it out and installing multiple lockers/cages. I was wondering if anyone has ever done something similar before? Any suggestions on such lockers/cages or where to look?

Do big things!

Check out San Bernadino county and cities east of the 15. Much lower prices and still fairly close to you in Walnut.

@Michael Clevenger that job looks gorgeous! Do you happen to have a picture of your top stair where you used the tread and the reducer transition?