All Forum Posts by: Krystan Keyes

Thanks @Sonya Sampson!

I will check out Ron's website today. I appreciate the response. 

All the best,

Krystan

Hi Guys! 

Does anyone have a great recommendation for a Financial Planning Attorney in the Los Angeles area, who can assist us with drafting a Land Trust + LLC Series?

And does anyone know what a fair/expected fee would be for this? 

Thanks!

Any words of advice? Traditional or creative financing? Experience thus far? Any and all advice welcome.

@benstoodley Thank you! 

We are trying to get a feel for our local area. Thank you for your insight.

Hi,

My husband and I are new to BP but we are very serious about investing in small to mid-size apartment communities pretty soon here. I have been working as a property manager for 500-700 unit properties for the past 3 years in preparation for managing our own properties, but we have a few questions that we have not been able to find clear answers on. Would any Los Angeles based MF investors be able to lend any insight on:

1. What is considered a good CAP rate in our area? I have read that this can be different depending on your region/market.

2.  I have been informed by numerous MF investors in our area that it is possible to use hard money loans to finance distressed properties. Have you found this to be true, and work the same as single family homes? Is there anything different in the process that we should be aware of? And is the Hard Money financing typically capped at $3m too?

Thanks in advance for any and all thoughts shared.