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All Forum Posts by: Ramon Allones

Ramon Allones has started 4 posts and replied 29 times.

Post: Interested in networking in the San Gabriel Valley

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

I'm in the san gabriel valley area too, alhambra. Let me know and maybe we can do a quick get together at a coffee shot or something.

Post: How to ascertain property is indeed vacant post Foreclosure?

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

if you are really unsure if they are out or not, I think here in cali, you have to post a "belief of abandonment" notice and give them 14 days if I remember correctly.

Or just change the locks, move in, get a couple rotweilers and pretend you have been living there for years. This last bit is not legal advice. lol

Post: Yardi Software?

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

yardi is a very good software system. never used it myself, but the company I was with used skyline. and it serveed my needs, and I think the parners were using it forever is why they liked it. As I left my company was implementing yardi, and the biggest thing I remember is that it would do the cam rec for you. skyline was just implementing it at the time.

I agree with the fact that people are just used to it. when people have familiarity with the format of the different reports and the way they look, they don't want to change. but and income/expense, gl or ballance sheet are pretty much what they are. i just liked seeing them in a format i was used to

Post: RE schools...

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

dont know where you are in ca, but get into a local apartment owners association. here we have aagla, apartment association of greater los angeles. they charge around 100$ per year. and send you a magazine, and have trainings and seminars for reasonable prices. And read lots of books, this is one field which is pretty straightforward to get up and knowledgable fast by putting in some time studying,

Post: Floral Arrangement Inside The Condo

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

I use nice fake flowers, so I don'thave to maintain them.

Post: Los Angeles

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

I'm definately interested in getting together with other investors in the la area. keep me updated

Been to the REICLA a couple times and didn't like it. I think basically people pay the club to come and speak, to peddle a seminar or program or something, is what I heard. Didn't get a chance to meet too many people out of it though which would have been great.

Post: Does Foreclosure wipe out the lien foreclosed on?

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

I've never been through an IRS redemption either but from what I understand they will reimburse for any fees used to reinstate senior loans, that would most likely be in default as well. i.e pay the back payments, interest, penalties and other costs on the senior liens.

And sorry wasn't trying to get technical, but since I've never been through a redemption I was just throwing what I learned out to see if I was given misinformation.

Post: Craigslist for selling your house??

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

just curuios on success or no success on trying to sell your house on craigslist. thanks.

Post: Is 6% to much?

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

here is so cal, when the market was hot a couple years ago, it was not uncommon for listing side agents to charge 1% and try and get volume. and this is where help u sell and some of the other discount brokers really gained steam. the listing side was really easy back then, you put up a listing and in 7 days you get 5 offers above asking. nowadays, people including myself are offering 3-4% for the buying side. trying to get the buying side agents to bring their clients in the door and maybe even convince them to take your place over the others. but for me, its really just to get them in the door, and hopefully the great rehab job sells itself.

Post: Property Management Fees

Ramon AllonesPosted
  • Real Estate Investor
  • los angeles, CA
  • Posts 33
  • Votes 3

most of the time its a flat fee unless there is a special situation like rent control, or just taking over a half vacant building or something.