All Forum Posts by: Kevin Panella

Getting conflicting information and I want to stay within the law...what is the maximum I can raise my tenants rents? Looks like an up-charge of 10 percent maximum once ever calendar year. Can anyone confirm?

@Tim Winter

What cities do you love for a long term play?

@Damaso Bautista

That’s good to hear. I’m not opposed to buying outta state, but definitely not leaving California in the next 10 years. I feel like it might be a little late to the game buying outta state. What’s your thoughts?

@Ana Marie B.

Thank you so much! An equity line is in the works...😀

I’ll try to make this short....44yro married with 3 kids, good paying job, very conservative

Primary residence in Southern California. Owe 480k, property worth 1.5mil. Locked in at 2.65 for 30 years.

Rental Southern California owe 130k property worth 600k. Has had the same renter there for 13 years. Payment is 1900, tenant pays 2400. (Market dictates roughly 2700-2900 in rent, but they are great tenants.

Looking for some advise as to what the smartest long term play would be? Not opposed to owning more long term rentals or even short term rentals. Not wanting to leave the state, as most of our friends are. But just scared as to what to do. I feel the real estate market is so inflated right now and people are just fleeing to other more affordable states. I’d hate to be missing an opportunity right now, but also worried about investing and the market taking a severe hit...any opinions would be greatly appreciated.

I’ll try to make this short....44yro married with 3 kids, good paying job, very conservative

Primary residence in Southern California. Owe 480k, property worth 1.5mil. Locked in at 2.65 for 30 years.

Rental Southern California owe 130k property worth 600k. Has had the same renter there for 13 years. Payment is 1900, tenant pays 2400. (Market dictates roughly 2700-2900 in rent, but they are great tenants.

Looking for some advise as to what the smartest long term play would be? Not opposed to owning more long term rentals or even short term rentals. Not wanting to leave the state, as most of our friends are. But just scared as to what to do. I feel the real estate market is so inflated right now and people are just fleeing to other more affordable states. I’d hate to be missing an opportunity right now, but also worried about investing and the market taking a severe hit...any opinions would be greatly appreciated.