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All Forum Posts by: Mattaniah Yip

Mattaniah Yip has started 6 posts and replied 50 times.

Post: Manhattan - NYC - AIRBNB Arbitrage

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@David Flores please look up STR in NYC before diving into this. This is rule #1. A quick google search and you will find NYC has one of the strictest rules against STR.

Post: Landlord Assistance Programs - City of Los Angeles

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Daniel Leathers definitely don’t rely on Zillow and etc. I have a duplex in Mid City/West Adams area. Zillow values it at 835k. We just got appraised for 1.1 million. If you need a good handyman, just DM me. We have one we who is very dependable.

Post: WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17
Originally posted by @Sam Leon:

I also think of property locations and property conditions having different classifications.  In some older neighborhoods especially historic districts, the tenants look for older houses - they preferred the art deco bathroom tiles, the thick plaster & lath walls over granite countertops and stainless steel appliances.

but class D neighborhoods are easiest to tell.  If you enter a neighborhood and you immediately lock all doors from the inside, and check to make sure your gun is loaded, you are in class D no doubt.

On the other hand, most class A+ neighborhoods as you drive through you cannot see the houses from the street.  The house is set way back at the end of a long winding driveway, the front is fully fenced for maximum privacy.  Occasionally through binoculars you may catch a glimpse of someone sitting on a porch, sipping a glass of mint julep, holding the glass with a white gloved hand with the pinky finger sticking up.

 Pinky Finger is the dead giveaway of a Class A+ neighborhood!  lol 

Post: Looking for laminate wood flooring advice

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Darin Bowers I second ceramic tile. We have them in our personal home with two young boys and our rentals. Looks great and very durable.

Post: What's your financial freedom #?

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

In this scenario I am no longer with my w2 job but have passive and semi passive investments.  My family have the freedom to take an overseas trip once a year, visit family, donate and kids school fund is funded.  This number for me is 25k per month. 

Post: Killing it by turning crack dens into safe housing

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Ewa Reza lol! Yes, we’ll chat.

Post: Killing it by turning crack dens into safe housing

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Michael Ealy very impressive!

Post: Los Angeles Investors, how do you do it?

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Chris Miller are being regulated.  As of right now, only owner occupied non RSO units can short term rental.  Please refer to this:

https://planning.lacity.org/or...

There is a host union that just formed that is very active.  Please refer to this:

https://www.homesharealliancel...

Post: Los Angeles Investors, how do you do it?

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

@Jay Chang Can you please pass the time and if they is an RSVP for the event? 

Post: Newburgh Renovators Meetup In BED STUY BROOKLYN

Mattaniah YipPosted
  • Investor
  • Los Angeles, CA
  • Posts 52
  • Votes 17

I will hopefully be in the next one in Newburgh.