All Forum Posts by: Rajesh M.

4 Plex in Los Angeles City, which is part of LARSO rent control.

I have a vacancy in one of the unit - can i start with implementing RUBS with just one unit. Am hoping that eventually with turnover i can some day get to all 4 units on RUBS - given the high cost of water, and no ability to increase rent for almost 2 years now. 

1. Any RUBS providers that you recommend? How much do they cost?

2. Can I implement it myself?

3. Any general ideas/feedback/lessons learnt from this experienced gang here - on how to approach it?

Hi @Daniel Kim

I just sent you a DM for your lenders contact info. Thanks

Hi @Sarah Ho

Check out aimloan.com. They are the best i have found...and yes, rates are way higher than for single family/owner occupied. Usually the spread is not that much, but two reasons I have heard. 1. Percieved risk due to covid and inability to evict 2. lenders have too much simpler Single family owner occupied refis...so they do not want the more difficult "investment property" loans.

Aimloan is def better than what you have been quote above. You can search online, and apply and lock online if you like what you see. Let me know if you find something better than them...

Thanks @Jayagowri Deenadayalan that is very helpful. Fingers crossed. 

I submitted the streamlined EIDL loan application with “ emergency  grant checkbox” on 3/31. I saw a hard pull on my credit on 4/12, And then $1000 deposit in my bank on 4/14.

What does that mean going forward? I don’t have a profile set up on the SBa site so I can’t really go check the status on the portal. Was that necessary to be able to qualify for the loan…?

@Simon Bloch The same thing happened to me and my lender has gone awol end of March after getting close to the finish line. Have you had any luck finding lenders who will work with you and get you to the finish line, recently?

@Twana Rasoul I have several investment properties I’d like to refinance. Can you please send me lender references. These are all in California 

Hi @Spencer P. who did you use for refinance? Rates have fallen but for some reason I feel investment property and jumbo loans are hard to come by

Hi @Hanan K. I am in the same boat. Please let me know what you find. 

I have always done a lot of refis in the past with Cashcall mortgage. But about couple weeks back they went awol on me mid way thru a refi.

I called Bank of America today and they quoted me rates that were kinda ok. Also check out aimloan.com. They have had decent rates but of late they only have rates with high fees.