All Forum Posts by: Isaac S.

mmmm, I think I prefer government oversight of banks, clearly defined laws and regulations designed to protect citizens, and FDIC Insurance...even with all that, shady stuff still happens...without it, pure chaos and volatility

@Nadir M.

I want you to burn this saying into you brain!!!

"your poor planning is NOT my emergency"

Every time I have rented to a deadbeat, one of the red flags was some emergency urgent reason to move in before the my conditions were met. 

If the units are rent control their are specific instructions at the LA RSO website.

Basically, buy out agreement and some disclosure of rights form from the city must be filed with them.

The max buy out is $23,800 depending on tenants status...minimum is around $9k...occasionally more than those amounts are offered

Best of luck!

If you have enough capital to deposit in their bank...First Republic Bank has the best rates, and focuses on serving high net worth people, especially RE community.

I can't believe no one has mentioned the terrible T's!!!

Tenants, toilets, trash, termites...in that order... for some people it's easy, for others it's too much. It's mostly easy and uneventful until it's not. Good luck!

@Zain Butt a Bachelor of Science in Business, depending on the specific emphasis(mine was Marketing), exposed me to valuable fundamental knowledge about economics, finance, management, marketing, communication, technology, statistical analysis and consumer behavior.

All good things to know for the RE game, and as long as your parents are financially capable and you are not going into extensive(or any) debt in order to acquire the knowledge, it will serve you well.

Also, like others have posted, the degree is not the be all end all, and many successful RE investors are without a college degree...but for some RE related fields that are great compliment to your future plans, it is essential...FYI, most commercial loan broker, commercial bankers, commercial RE brokers, lawyers and accountants. that I work with, all have undergraduate degrees, at least. 

I would tend to agree with other posts about not going to college, IF, you were planning on getting a Bachelor of Arts Degree, as friends and peers of mine that did get an Arts Degree ended up having to learn all the business stuff on their own via books, mentors,or on the job training, as I am quite sure the college naysayers, posting here, had to learn that stuff too...fortunately for you, and them, all disciplined and motivated individuals can learn almost everything on the internet for free.

Best of luck and success, and I applaud your intentions and efforts!

@Kar Sun thanks for being a thoughtful, considerate and highly conscientious person!

I appreciate your efforts and I find it helpful to read through this thread and further solidify my own beliefs and views that have already been stated, by you and others, multiple times, so, no need to echo them. 

Best of luck and fortune!

Here's two million dollars....what's your plan to get me maximum return?

LOL....they don't call 'em "widow-makers" for nothing

FYI, do not share your enthusiasm with the seller, sellers agent, and sometimes your own agent....always, want them thinking you could walk away at any minute they start messing with you. If they all know "how much you LOVE the view" it could work against you.

it's an extra layer of complexity, because what may be better for your personal living preference may not be the best investment asset.

Best of luck!