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All Forum Posts by: Sammy Lyon

Sammy Lyon has started 13 posts and replied 186 times.

Post: October Culver City Happy Hour Meetup!

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346

Missed this! Looks great.

Post: Ready for my First Fix and Flip/Intro

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346
Quote from @Jorge Herrera:

I am a critical care nurse practitioner who understands the potential behind real estate. I've learned a lot from the first house I bought low and remodeled over 5 years and made a good profit from. From there I bought and gutted my current home and have done well with the equity over the last 4 years. I am ready to take the knowledge I gained and pull the trigger on my first fix and flip. I am looking to learn and absorb as much as I can from other investors and help them as much as I can as well. The last piece of the puzzle to make well informed offers is to understand the cost of construction and rehabs in different markets. I am currently looking for my first deal in Bakersfield/Kern County, San Bernardino County/Inland Empire CA but open to all areas!


 Nice! Love to see folks who do good work in the world get into real estate investing :)

Post: Looking for Roofer Referral

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346
Quote from @Allen Duan:

Hi everyone, we have some water damage visible in the ceiling of one of the properties we manage. I'm looking for a roofer referral who can inspect and repair if needed, who serves the Santa Monica area.

Thanks!


 Sent you a message!

Post: 40K-45K for architect for 2 story ADU in Los Angeles?!

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346
Quote from @Chris Morris:

An architect told me that their architectural services for building a 1000 sq ft 2 story ADU in Los Angeles would be $40K-45K. Does that seem reasonable?

My lot is flat and 'unremarkable', btw. I am not looking for fancy architecture other than possibly having the second story cantilevered so the porch can have 5 feet of protruding coverage for shade. 


 No, not reasonable. :)

Post: DP minimums for Duplex in LA?

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346
Quote from @Kevin Tang:

Interested in house hacking a duplex by living on one side and renting out the other in LA. Do I have to put down 10%? Will the rent count towards my DTI ratio?

Any lenders out there that can help me out?

Hey Kevin, generally for owner-occupied duplex you'll be putting at least 15-20% down depending on credit, UNLESS you go FHA at 3.5% (as others have answered below). I do know a lender who has an in-house FHA program with 0% down you can use on a duplex (essentially they put a second loan at 3.5%). So, that is an exciting new option for house hacking in LA!

Post: Mortgage Q&A with Zadia Egan

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346

Understanding lending will help investors take on this next phase of the market! Great topic

Post: How To Succesfully Manage Rehab / Construction Projects

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346

Such an important topic and one that can make or break you in real estate investing!

Post: Real Estate Networking / Brewery Evening

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346

Finally a BEER event!!! Count me in.

Post: Los Angeles Investor Breakfast & Implementing the BRRRR Strategy

Sammy LyonPosted
  • Real Estate Broker
  • Los Angeles, CA
  • Posts 192
  • Votes 346

I love getting to do meetups in LA again!!! See you there.