All Forum Posts by: Jason Malabute

 So what is a realistic return in this market? There has to be a reason why investors still invest here

In the Los Angeles Market am I on point in expecting a 12% COC return and $100 CF per unit? Or should my expectations be different? Thank you.

-jm

Hi All,

If a multifamily home has 1 meter for the eletric, gas, and water how much will it cost to install a second meter for each utility component? How much does "RUB" cost in the city of LA? How does it work?

Is there any kind of property/location where RUB wont be approved in LA?  What kind of licenses do I need to get a RUB update on a property? How much will it cost? Thank you.

Thank you. So how would you accurately calculate ARV then?

Hi All,

When you are calculating the ARV of a property do you use sqft of the property or the entire lot?

Additionally, how true is the following information that my agent gave me about calculating the ARV?

"Ages does not make much difference in in price unless it's 20+ years, it's all about the location and condition about the property. Usually neighborhoods are built around the same time so ages does not play a factor. Square footage and bed/bath count does play a direct factor when it comes to value. Depending on the area an extra bed/bath can add anywhere from 5- 10k thousands of dollars. A garage usually adds around 5-10k in value, I haven't seen a appraisal giving more than that. A porch and fire place helps sell a home but does not add a dollar figure value to a home. Square footage really depends on area, in the area that were looking at is about 300-500 per square foot."

Also, how much does "condition" add value to a property? How would I estimate this when calculating ARV?

Thank you,

Jason

Hi All,

I want to increase my monthly/weekly offers made. What are the consequences of your offer being accepted BEFORE visiting the property? Once your offer is accepted do you have to go through with the deal? if you back out at this point will you lose money?

Thank you,

Jason

 Hi Kelly,

I will call you during my lunch break tomorrow through your 714 number.

Is your company familiar with the Tujunga, North Hollywood, Burbank, La Crecenta, Silverlake, Hollywood side of town? 

Hi All,

Can you guys name good property management companies who are familiar with submarkets in Los Angeles who can actually answer. my questions about typical monthly expenses?

Thanks,

Jason 

 Is LAREIA the best one. in your opinion ?