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All Forum Posts by: Jaime Macias

Jaime Macias has started 2 posts and replied 4 times.

General Landlording & Rental Properties

Post: How to determine max rental increase per year for specific address (LA, CA 90008)

Jaime MaciasPosted
  • Posts 4
  • Votes 0
Quote from @Chad Hale:
CAA (California Apartment Association) had a tool/calculator for members to use.
Thanks will check it out.
0 Votes
Los Angeles County, California
Buying & Selling Real Estate

Post: SBA Purchase Escrow Hurdle - Low Appraisal

Jaime MaciasPosted
  • Posts 4
  • Votes 0
Quote from @Carini Rochester:

My perspective, you were about to pay 33% more than the property was worth. Walk away.


That's exactly what we did.  Ended up buying a smaller cheaper property on the same size lot and am working on developing it.

0 Votes
General Landlording & Rental Properties

Post: How to determine max rental increase per year for specific address (LA, CA 90008)

Jaime MaciasPosted
  • Posts 4
  • Votes 0

Hi all, I am looking to alert my tenant to a rental increase starting next year however I am finding competing information on how much the rent can increase. Is there a tool to determine by address what is applicable. This is for a SFR in zip 90008.

0 Votes
Los Angeles County, California
Buying & Selling Real Estate

Post: SBA Purchase Escrow Hurdle - Low Appraisal

Jaime MaciasPosted
  • Posts 4
  • Votes 0

Have been working on an SBA mixed use purchase for 90 days.  After jumping through all the hoops appraisal came in at 75% of the contract price.  Any experience with this type of happening?  Wonder if there's any perspectives you all can share if you've been through it.

0 Votes