All Forum Posts by: Matt Giacinto

Hi BP Community, I'm looking to connect with equity partners/brokers, accredited/angel investors, and others who are looking to passively invest in real estate. I work for a company called ATP Development and we develop ground-up multifamily/commercial projects here in Los Angeles. We are looking to expand our investor pool in order to tackle more projects and scale. We have a proven track record with over 12 years of development experience, and 14 projects that are currently in different stages of the development process. If you'd like to learn more information about becoming a joint venture partner, LP, or other investment opportunities we have coming up, let's connect!

Feel free to check out www.atpdevelopment.com as well

I work as the acquisitions director for a development team here in LA and I'm also a commercial agent. Let me know if you'd like to chat more, because the fact that it's an R3 is definitely attractive

 No, you shouldn't have to wait 10 years for that. It might benefit you to at least speak with or consult with an agent that is in the LA market. I sent you a connection request just in case you were looking to connect more

It won't impact your capital gains for the sale; However, I'd recommend speaking to a CPA since they could help go over your cost segregation and depreciation as well. The fact that it's an opportunity zone will improve its marketability like @Nathan Grabau said. If you'd like, I'm a commercial agent in LA and can connect you with a CPA

I have a close friend who owns two SNF style facilities here in LA. I would be more than open to connecting you

Hey AJ, I know just the guy. I'm a commercial agent, but I can help there as well. Let's connect

I haven't run across this myself, but it depends on the specific area. Some areas have overlays that can really limit what you're able to do, i.e. historical preservation overlays, community design overlays, etc. Along with the fact that your property never received a CFO, this could be something where you have to abide by a specific overlay or specific plan in order to build the ADU. I'm not exactly sure what it could be without hearing more of the situation and doing a study on the property. If you'd like, we can connect and I'll do more due diligence

Hey Nina, the down payment could be paid by your or an investor partner if you're open for that. Would love to chat more about it.

Hey Colton, congrats on your first investment property. The fact that it's by the 101 isn't the worst; however, air pollution and homelessness tend to thrive in those areas so I'd be weary of that. Long term wise, Echo Park is gentrifying more and more so it's only on the up, making it a great area to invest. I think that you would've seen any real of the real worries already, since it sounds like you're already under contract. Again, Congrats and I wouldn't focus too much on what can hold your property back, but rather how do you improve it!

Hey Kai, I'm also in the Hollywood area. Would love to connect with you more since I'm a commercial agent, in case you haven't started working with one yet. It looks like the report shows negative cashflow, which isn't always bad; however, I don't see it getting better given the future circumstances you listed. I would re-evaluate a bit. Looking forward to connecting