All Forum Posts by: Account Closed

Hello @Joe Calderone

Theres a meet up in Santa Monica at the UnUrban Cafe at 3301 Pico Blvd at 11am this Saturday. It's open to everyone and the people are great. Hope you can make it! 

I remember those humid, summer days in Central Arkansas - yes you need lots of fans. There are $33 basic ceiling fans at Lowes and apparently property owners stock up on them because they sell out here in the LA market. If you google Lowes coupons, you can find 10% off coupons, order the fans through ebates and get about 2% cash back and have the fans shipped to your local Lowes store and pick them up after work =]  

Congrats on your flip @Tyler Frost!!

Along with everyone else in the forum, I strongly recommend seeking out CPA advice for your questions. I also recommend reading the Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and her husband. She provides really good information about the tax methodologies for flipping properties and it's in layman's terms to where you can generate a solid understanding of how the taxes should work for a flip. Good luck! 

Hi @Alex J. 

We are at 43rd place and Vermont (closer to Vernon & Vermont) literally 3 blocks from USC/King Blvd/Coliseum. There are rough pockets however there has been more policing activity in the area so things are starting to quiet down in the area. I would like to host a meeting of owners in South LA to get a better understanding of what they're seeing and sharing information about future planning because even our little block is seeing some development. What do you think of the idea? 

@August Faustino Yes can you send me a message so I can send you the information? I'm not able to send a message to you for some odd reason. 

@August Faustino Yes I'll send you the information =] 

This is my second attempt to post on this thread and hopefully I have no technical issues =] 

Hi @Hector Bastida

Hopefully my SoCal House Hacking story will shed a little light on your adventure. About 11 months ago, my boyfriend and I decided that we were going to find a 2-4 unit property in Los Angeles. For 9 LONG Months (as long as it takes to develop a child), we drove for dollars, drove neighborhoods, sent over 200 letters, explored open houses, searched various markets including Alabama and Arkansas, submitted multiple offers and scoured the MLS + ZILLOW. In my heart of hearts, I believed that South LA had a lot of untapped potential - nice structures, decent lot sizes, good zoning, proximity to downtown Los Angeles and various development. So around month 7, my bf (he's a commercial and residential RE agent) set up alerts on the MLS to fit the criteria of price, unit, and zip codes that I was looking for. I received daily alerts of new properties on the market and visited the new properties every weekend. 2-4 unit properties in South LA range from $350K-$700K depending on size, vacancy/tenant rents, proximity to USC or the Inglewood Stadium and modern updates. Investors are slowly creeping in to the neighborhood and the prices are slowly moving up. We purchased a duplex (two 2bed/1ba units) 3 blocks from the Coliseum and new soccer stadium and our monthly mortgage payment is the same as the monthly rent we paid for our 2bed/1ba apt in Mid-Wilshire. Our commute to downtown is maximum 20 minutes and about 12 minutes to Koreatown. The area is growing and maybe it'll be worth checking out. If you have any questions, feel free to send me a message or I can connect you with my bf since he was the brains behind this house hunting process. Best of luck!!!

Hello @Herman Enayati @Nathan Yee @Antoine Martel

Here is the information for the next BP meeting taking place in Santa Monica, CA 

Our next BP meeting is at the UnUrban Cafe at 3301 Pico Blvd in Santa Monica CA at 11 AM on 8/12/2017. The people are great and extremely helpful! Make sure to sign up for the email list when you attend. Hope this helps! 

Congratulations!! Your persistence and work ethic is definitely an inspiration!

Hi Bryan, I'll send you the contact information for my RE lawyer, Robert Petrovich. He's really good; he was previously the lawyer for the Century 21 office in Pasadena area and also the lawyer for my bf's mom who owns a RE brokerage as well. He's also provided excellent references for RE Lawyer specialists (like eviction lawyer, etc). Hope this helps!