All Forum Posts by: Jay Dimacali

Hello BP community,

I've got an ADU project where I'm almost done but right now I have the Los Angeles DWP saying I can have a separate meter for my ADU. The issue is that I have a duplex where the ADU is being built and I wanted to have 2 separate electric meters for the duplex (it obviously didn't have it before). They don't have separate addresses (previous owner never went through the process so I just note each place as "Unit A" and "Unit B.") The DWP meter spot person said each house needs its own address. My question is: Has anyone dealt with the LA DWP and gotten separate meters for a duplex, triplex, etc.? Anything that can be done 'quickly' to get an approval for separate meters?

Jay

Hello BP community!

If anyone can recommend an attorney in California who can deal with land trusts please share their information with me! You can PM me or just put it in a reply. I'm currently looking for an attorney in CA who can close land trusts. Thanks!

Hello BP community!

If anyone can recommend an attorney in California who can deal with land trusts please share their information with me!  You can PM me or just put it in a reply.  I'm currently looking for an attorney in CA who can close land trusts.  Thanks!

@Luis Ernesto Gurrola  That's great to hear Luis!  I'm glad you got a vet into your housing for a win-win situation. 

Are you able to share your contact person with the VA? I've had a hard time finding someone to work with in the past.

As for meet ups, right now they're mainly online but I think we'll be meeting in person soon.  Check out these groups in the Valley area and LA.  They're a good start to get to meet some people and learn some more.  

https://www.prosperitythroughrealestate.com is an LA group

https://www.meetup.com/Los-Angeles-Real-Estate-Investors-Association/ is group in the San Gabriel Valley.

And let me know who you spoke to in the VA. Thanks!

@Javaughn Fernanders

It's a tough market now. A sellers market. It's possible to find deals but very tough. A letter campaign and door knocking are your cheapest ways to meet potential sellers. Try those dilapidated houses if you don't know where to start.

@Dmitriy Fomichenko

Lol I figured I'd ask!

@Justin Windham

Thank you for clearing it up for me!

@Brian Eastman

Thank you for answering my question. That's what I figured but just wanted to make sure.

Hello BP,

My question has to do with investing in building my ADU on one of my rental properties. I'm about to build an ADU at my rental and I would like my solo 401k to cover the costs. Would this be a legal transaction? I want to make sure I'm not self-dealing.

My rental is a personal investment but if I'm building a new project (the ADU) on it's own and wouldn't that count as a separate investment that my solo 401k can invest in? The ADU gets its own address from the city. Or is the project being associated with the rental enough to shoot it down?

Input from any CPAs and Solo 401k specialists out there is appreciated.

@Luis Ernesto Gurrola

HI Luis,

I'm also in the San Fernando Valley and I'm interested in renting to vets once my ADUs are done. Create a win-win situation right? Here's a website I found for vash but I haven't called them yet. Let me know how it goes when you make contact. https://wwwb.lacda.org/section-8/homeless-programs/vash

Jay