All Forum Posts by: Monico Lorenzana

Thank you for your input everybody. I will definitely consider when to ask for itemized work. I have a better idea of how to approach my situation now. Again thank you. 

Hello biggerpockets community. I'm a new investor working out things with my contractor. I've asked him to give me an itemized list for the work we're asking. But I don't have any other investor or contractor to compare the cost of the job to. 

Can anyone give me a ball park estimate on the cost to demo a wall with a small 24x48 window and install a 72x80 sliding door. Please include labor and material. I would really appreciate this thank you. I live out in LA county, Covina CA. 

Hey everyone, thank you so much for the input. What I'm getting is: Use 3 months max as comparables, but look 12 months back for trends. That's very helpful, it'll give me a ballpark idea of possible percentage changes in my market. And in terms on adjustments, it just depends on the local area and what it values. I really appreciate the responses, I didn't think I'd get this many. My goal is to become more involved with the BP community. Again thank you. 

Hello everyone, My name is Monico Lorenzana, I'm an aspiring real estate investor out here in Southern California. To make a long subject short, I'm learning to find home's ARV and learning to structure an offer (if you'd like more information about me please don't be afraid to ask, I just don't want to share information no one is interested in haha).

My questions: 

1. Is is smart to find comps going back 6 months in this market? 

2. When making adjustments to a subject home do you consider things like a fire place, a fence, solar panels, 2 car vs 1 car garage, and/or covered patio?

3. If you do consider those adjustments what's a good percentage on those items to add or subtract from the subject property's ARV?

I am new to this world, and am just learning on the fly. There's so much information out there, its exciting and also terrifying at the same time. Any bit of guidance is immeasurably appreciated. Thanks for reading up to this point.