All Forum Posts by: Monica Der

I suggest you get some information from AAGLA they are the most up to date on this information 

 That’s actually completely the opposite of what investing is. There are millions of ways to leverage and unload a property that has negative cash flow. Even sellers I work with who have to short sale find ways to get out on top. 

DSCR loan if it's a commercial Multifamily

Thanks Carlos!

Definitely agree with other posters 

Contact all owners to see if they would be interested in a sale and payout. 

If you can’t come to agreement, shop the ownership interest amongst the other owners 

Key Takeaways: Despite the pandemic and inflation lease volume remains increased and we continually see rents rising. Multifamily Investing is a challenge in Los Angeles but still a great investment

Attn House Hackers,

Here is the State of the Market over the last 4 months

Total Sold Volume $66,447,000

Average Sales Price $2,657,880

Average List Price $2,760,720

# Listings Sold  25

 A deal worth wholesaling is a deal worth keeping for yourself

 Check the appraisal report to make sure that there was nothing missing or no errors on that report

Congrats on discovering this new passion. What I would advise you to do is to save up as much money as you can for your first down payment. Educate yourself on the basics of being a landlord and make sure you ask yourself if it feels right to be in a position where you will be in charge of compliance with laws and building regulations over a long period of time. If you are interested in flipping get very involved in the process of learning about construction and sweat equity.