All Forum Posts by: Nesha Renucci

Thanks for breaking down the numbers Dan. Yeah it was an example for total rent.

Okay to my understanding you want to pretty much sell your residency to get that $500k exemption money to use on paying off your rental so that you can walk away with the $1.8m - 2m from the sell to utilize for a 1031 exchange. I am a Los Angeles Realtor and for example there is a property in the Glassel park area which is near glendale that is a duplex with one unit that is a 3 bedroom/3 bath and another unit that is 2 bed/2 bath selling for $1.5m with projected ROI of $11,000 per month but of course this does not take into effect expense but just wanted to give you that example to let you know it may be possible. You would definitely have to look on and off market for at least a 3 unit building that does not need any work and pretty much ready to rent or have tenants already there. To my understanding this would be a investment property you would not live in and you would move into a apartment which is dueable. The numbers will let you what you can do but multifamily property inventory has increased and the days on market have been long so there is room for negotiations with very little offers.

Hey Jonah,

Wow with your background you are going to do great in the Los Angeles Market. I do have a contractor that has an amazing team that can do everything from the ground up to plumbing and HVAC. Would love to connect you with them and do whatever I can to help you with navigating your new endeavor.

Hi Sal,

My name is Nesha and I am a Realtor and Investment specialist. Would love to see how I can help you in any way with multifamily investing in Los Angeles.

Hi Sarah,

Are you still looking for help?

Hey Jesus,

Let's see if we can work on some deals together. Direct message me.

Hey David,

I do have a great contractor to refer you to. Please direct message me if you would like me to send you their information.

I am a Realtor and Certified investment specialist for the West and East Hollywood market. This area is great for investors looking for appreciation the area is going through revitalization and homes are selling for the listing price or under on average so a great time to get a deal with homes also having longer DOM.

Tenant occupied duplex available for $850,000

If you are looking for luxury properties to add to your portfolio please message me there are 11 currently available for under 2 million and one of the properties has a recording studio great for extra income the property can produce in this market.

Congratulations Shari! What a great accomplishment toward building your portfolio. Culver city is a great area that is pretty trendy these days. Something you can do to start your 5 year plan would be to live in your Condo for 2 years so you can qualify for the $250k tax exemption (if single) $500k if married and then take those funds to either put a down payment on another property you could live in plus you would have some left over funds from the sale. Do the same strategy or use the funds to buy a duplex or triplex, the best thing to do would be to get a property that can produce you income from multiple tenants in my opinion. You can leverage a multifam properties equity to buy more and rinse then repeat. Those funds that you have in your stock portfolio I would allow it to grow while you are building the real estate side of your investment portfolio. 

I appreciate you replying and apologizing Dan. I should have been more clear in my response so that was my fault for not elaborating about working the numbers on the deal. I was just trying to make a point of analyzing it from all sides first before giving up. I had no idea about how bad the valuations are for building the ADU units. Of course it sounds good as extra income but as I am looking it does sound like a headache and not appraising well. Again appreciate you Dan for taking the time inform me.