All Forum Posts by: KJ L.

We have a great RE-focused CPA thats in Orange, CA. He's about $200/hr but I think he's totally worth the money. If you want his contact information then PM me. 

You either have to go to neighborhoods that arent as 'hot' as culver city, pasadena, west side, etc. and you have to create a deal, whether that means adding units, doing STR, raising rents, whatever.

Welcome to BP Odafe!

@Chris Modzeleski Hey Chris, are the crazy squatters gone for good now? I saw your video on Ring and based on their violent behavior, it seems like they shouldve been locked up for threats and damaging property. Hopefully, they're gone for good. 

You can get an FHA loan on a property between 1-4 units; owner occupancy is required though. Downpayment can be as low as 3.5% and they will use either the lease agreement rents or 75% of average rents for the vacant units + your income to verify your ability to cover debt repayment. We used FHA to purchase our duplex in South LA. You will need to have some cash reserves to cover a certain number of P&I/tax/insurance/PMI payments (I believe 6 months but double check with a lender). If you do put down less than 20%, you are possibly subject to PMI depending on LTV however you can refinance out of the PMI later on when/if your property appreciates in value enough or your loan balance decreases enough. Hope this helps

@Sophia Fong The eviction process varies for each situation, owner, and tenant. My suggestion is to get a good lawyer and understand the laws.

Don't do it. The applicant could be lying but it doesn't matter.. you are aware that they've been evicted. Move on to the next applicant.

Hey @Chris Modzeleski Instead of boarding up the windows, install the decorative window bars to prevent the crazies from breaking into your property. We've seen some unique ones at Home Depot closer to Angels Vista. 

Get simplisafe + ring floodlight cameras. Where is your property located near USC? We're by USC as well and the senior lead police officer (Off. Salazar) for our area is pretty good. Reach out to your area senior lead officer and explain the situation and ask if theyll do some drive-by checkups on the property. 

Hi Joe, can you provide more information like what type of RE legal services do you need? There's everything from entity creation, transaction facilitation, eviction assistance, RE contract, estate planning, etc? If you need someone for evictions, transactions, or contracts then PM me and I'll give you a couple names in the LA County area.