All Forum Posts by: David Avetisyan

I would shy away from the LA City stuff. I have a good friend who owns a lot in the city of LA and he always gets burned on the rental inspections. I would recommend staying more into Glendae/Burbank or towards the east into Whittier/Montebello/La Habra....If you need a RE broker, I am happy to help and do give a buyer rebate. I own rentals myself and know the business in and out, and am CEO of a flip company....Message me anytime.

As a broker myself, I can say that he’s completely priced out of Glendale/Burbank. He can possibly find something more inland that may pencil out.

Obviously rent controlled areas are never the most desirable for an investor, but some pockets of LA do provide higher yields, especially if you can recognize the gentrification.

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Quote from @Matt R.:

@Aimen Shawki If you can pull off the plex deal in LA I think that would be your wisest long term move. LA is number in the nation for total returns since 2000. There are many underlining reasons for this and they all revolve around one word...location. Good luck with your search!

Haven’t seen you around for awhile bud. Glad to see you active.

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Will be submitting either plan flex or prelim in the coming weeks. Looking to connect with someone who has gone through the
process and can help share some insight, knowledge and answer some questions.

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Los Angeles County, California

Quote from @Steven Foster Wilson:

Quote from @Tim Sapien:

What are your thoughts on buying condo’s/apartments for future rentals? Are they typically good rentals? Any advice helps. Thanks - Tim

Just remember a condo fee can only go up.....could be $400 today, but in ten years there is no cap, could be $1,200...

One special assessment can clean you out for a year or two. Stay away from condos.

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Fresno, California

Quote from @Daniel Ben-Hur:

Hello community!

My name is Daniel and I was recently told by my father to read rich dad poor dad, as well as Ken McElroy's ABC's of Real Estate Investing... I soon had a change of heart in what I desired to do for the rest of my life.

Long story short I graduated college with my degree in engineering and have been working as an Civil Engineer for a little over a year. Because my desires have changed, the way I see it, I would much rather spend my time seeking investments that will guide me to financial freedom, than waste my time working and hoping the potentials of a 401k will save me in my 60's. I am 23 years old and I want to start investing in real estate now! The only knowledge I have was obtained so far comes from books/podcasts, but no hands-on experience yet. I do plan on attending a real estate meet up this coming January.

The question I have is in regards to location for my first rental property. I live in Bakersfield, and I am wondering if it is better to keep looking for deals in the Bakersfield/surrounding areas, or to look at properties in other states such as Texas (because I may move there in some years) because at first glance, in other states such as Texas, I am able to find cash flowing properties at a much higher rate. Any tips on finding cash flowing properties in Bakersfield, or any realtors/brokers that specialize in investment properties in the surrounding Bakersfield area?

I’m looking for a civil Engineer for an 8 unit project — let me know if you can help.

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Bakersfield, California

This sounds like a sublease. Perhaps a company trying to leverage a corporate contract.

I'd personally would stay away from turning your unit into a STR, unless you can live with running the risk of future renovations.

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Raleigh, North Carolina

Quote from @John Underwood:

@Brittany Farrell

I buy houses for 30k to 40k for cash that needs 20k or so in repairs that will rent for $1300 or more per month.

You have to go and find these properties they won't be on MLS or Zillow.

Mind sharing an address or two, I’m curious. TIA

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Quote from @NA Vu:

Quote from @David Avetisyan:

Quote from @NA Vu:

Quote from @David Avetisyan:

I think the following link will answer all your questions:

https://hcidla.lacity.org/Relo...

Do not retain an attorney yet. Assuming you are evicting the tenant to regain possession of the unit for justified reasons, I don’t foresee you running into any hurdles.

I’ve been dealing with LA rent control for an extremely long time. They work slow so you’ll need to nudge them a little bit.

If you end up needing an attorney, feel free to reach out.

To your success!

Hi David - hoping to connect to ask you about LA attorneys. Please accept if you're open to helping. Thanks in advance!

My friend is willing to consult if you need advice. He’s a licensed broker with tons of experience in the arena, especially with RSO

I was thinking an eviction attorney would be the best route. Do you think a broker would be sufficient to navigate the process?

It really depends on the situation. If you need legal advice, an attorney is the best route. But sometimes you have multiple exit avenues that can be explored when ridding a bad tenant and eviction, although the most traditional isn’t the only route. RSO is a tricky, so experience does matter.

It really depends on what you are trying to accomplish and what the easiest way of getting to your destination.

PM me some specifics and I’ll direct you to the best of my abilities.

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Quote from @NA Vu:

Quote from @David Avetisyan:

I think the following link will answer all your questions:

https://hcidla.lacity.org/Relo...

Do not retain an attorney yet. Assuming you are evicting the tenant to regain possession of the unit for justified reasons, I don’t foresee you running into any hurdles.

I’ve been dealing with LA rent control for an extremely long time. They work slow so you’ll need to nudge them a little bit.

If you end up needing an attorney, feel free to reach out.

To your success!

Hi David - hoping to connect to ask you about LA attorneys. Please accept if you're open to helping. Thanks in advance!

My friend is willing to consult if you need advice. He’s a licensed broker with tons of experience in the arena, especially with RSO

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All Forum Posts by: David Avetisyan

David Avetisyan has started 57 posts and replied 665 times.

Post: Seeking Civil Engineer Referral

Post: Multifamily in Los Angeles - Bad timing? Should I look elsewhere?

Post: Multifamily in Los Angeles - Bad timing? Should I look elsewhere?

Post: LADBS Permit Process on New Multiunit

Post: Condo’s/Apartments for Rent

Post: As a new investor, is Bakersfield a good place to investment for a long term rental?

Post: SCAM or NOT? Help please

Post: Advice on where to put cash, cash flow is priority!

Post: Did I screw up? Los Angeles RSO-Owner Occupancy

Post: Did I screw up? Los Angeles RSO-Owner Occupancy