All Forum Posts by: James You
James You has started 12 posts and replied 117 times.
Post: looking to buy in Austin, TX
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
Just sent you a DM with my agents in Austin
Originally posted by @Miles Veney:
Hey everyone,
I am a first time buyer from Boston looking to move to the Austin area for work. I will not be making the move until the Spring, but I will be visiting Austin next month and would like to connect with some folks while I am down there. I am currently looking for recommendations for an investor friendly real estate agent and local lenders.
Ideally, I am looking for a SFH to do a live and flip and turn into a long term rental. I'm a vet so I plan on using VA or FHA which of course means the property can't need too extensive of a renovation. Something dated with good bones would be right up my alley. I do not really have a time constraint as I am working remotely so I am interested in entertaining short sales as well.
Additionally, I am a fresh college grad and would love to connect and learn from a current investors in the area. I'd be happy to help out and learn in the process!
Cheers,
Miles
Post: Looking for good real estate agent in Southern California
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
Originally posted by @Isabel Soriano Saura:
Hi. Looking for a skilled, creative, highly engaged and responsive real estate agent in southern california who can help us find our property that we can house hack. Any recommendations?
Just sent you a DM
Post: Best property management company GLENDALE California?
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
Hi Sindy. I have couple property management companies I can refer you to
Post: Purchase advice needed - Glendale
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
@Doug Elkerman What are your questions? Happy to help!
Post: Strategy for First Time Buyer, 760+ Fico, $100K DP in Los Angeles
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
@Kevin Kim What I see and experience is that single-family with ADU is a better investment vs 2 to 4 units as far as ROI and other factors (tenant quality, location, maintenance, etc). Generally, most of the 2 to 4 units on the market in LA have long term tenants that are paying way below market rent and comes with rent control... so you could be looking at relocating the current tenants and also repair and renovate once they move out. Again, there are regulations with rent control so it's easy said than done. Also, many of these will require a bit of work and repair as well.
On the other hand, if you go with the single-family and ADU route, you will be able to get new tenants in that will be at market rent rate in most cases. The cost of building an ADU will depend on what's on property, but generally could be between 75k to 200k. I recommend hiring a contractor and getting permits for the job.
My client was in a similar situation like you and we ended up going with the single family + ADU for the reasons mentioned above.
Post: Newbie starting my research, LA/Burbank areas,
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
I'm local here near Burbank as well. Let's connect! Happy to chat and learn more about your goals and plans
Post: Austin area real estate agent specializing in investment property
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
@Jonathan Castillo sent you a DM
Post: Agent recommendation needed in Austin-Roundrock, TX
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
happy to connect you with my agent. Sent you a DM
Post: Can an addition be permitted but not recorded ( Los Angeles)
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
check first with https://www.ladbsservices2.lacity.org/OnlineServices/
Post: For flippers in So Cal....finding contractors
- Real Estate Agent
- Los Angeles, CA
- Posts 125
- Votes 37
@Richard Phan just sent you a DM