All Forum Posts by: Monica Der

Costar

Top Market rent per unit is Venice Beach with a solid vacancy rate of 4.5%

Despite the problem of homeless encampments, rental rates seem to be unaffected. With the newest homeless laws getting put into place by the new Mayor, Venice Beach may become a more favorable place for renters.

Santa Monica and Beverly Hills have the second highest rents per unit, however the vacancy rent increases which lowers your GOI 

Welcome Michael I am an investor's agent specializing in Multifamily if you have any questions send me a message

Average Vacancy Rate 4.3%.

With average asking rents of $2,180/month, Los Angeles
is one of the most expensive apartment markets in the
nation.

Link to full report https://www.dropbox.com/s/73fk...

Hi Garrett,

How about suggesting seller financing? If they want to sell it to an investor who can put a nice downpay and then make the monthly payments, they don't have to worry about managing the investment and can just sit back and collect the checks.

I grew up in Palos Verdes Estates, and as a local I think most people who live there are looking for a SFR, so the ADU would fit the location, older, quieter and more conservative tenants. My parents house on Chelsea Road was built in 1953, in quite a state of disrepair and only 1776 square ft. You should increase the size of the lot if permissable by local zoning and building codes. Then add a swimming pool for value add. Depending on the location in Palos Verdes, you can get about $6500 per month for a smaller, older SFR

 Hi Mel!

FHA loans are something you can apply for for 1-4 unit residential income properties in Los Angeles, let me know if you want to reach out to my mortgage broker for more information

Here are the limits for each type https://www.fha.com/lending_li...

Hi Zachary,

I think it's a great idea! Let me know if you need any help locating FHA approved listings or need help with pre-approval. You might also consider a duplex, triplex or fourplex so you can reach your goals faster and have more privacy. Some of these duplexes can host an entire family and command much higher rents!

Yes here is the link https://www.tiktok.com/@lamill...

Bank qualified buyers mean pre-approved buyers. There is a way to convey requirements without being a jerk. They should have explained to you that if you aren't pre-approved for a loan, that it is their choice to only work with buyers who are and the reasons. My reasons are that I work on commission so I only get paid when I close a deal. If I work with buyers who cannot afford to purchase a property that would not be the best use of my time. Also as a buyer you will need to have that pre-approval in hand to show sellers you are able to actually afford the purchase.