All Forum Posts by: Ramon Allones

financial advisor with morgan stanley, loved investments, hated the job. too sales oriented. happy it led me into real estate.

haven't read the above posts, but I'm sure its been mentioned refinishing is better and cheaper. refinishing the same square footage should cost less than half that, as least on the prices I pay. I'm a GC, so I get a much better prices, but if I sub out the job, for 1000 square fee I can get the floors sanded, stained and and 2 coats of varnish(with the sandings in between) for about $700 and new 8 mil. laminte would cost anywhere from $1.75-2.00 psf, cheaper if I hire guys I know by the hour. So its a no brainer. Refinished hardwood is so much nicer too.

can anyone reccomend some good websites, or books, or trainings cd's for title holding trusts. I'm in california, and have been scouring for resources, but can't really find that much stuff. thanks.

I'll check for the other soc clubs as well, but I'm located in los angeles as well and would be interested in a get together.

Thanks for the welcome guys,

I've been a commercial asset manager for 5 years(licenced RPA), real esatete agent/broker (on and off) for 12 years, General Contractor, and my last position was as real estate consultant for a large contruction project.

Now I'm doing trustee sales in the los angeles area, its a tough business, but I like it.

I have't really been through too many ups and downs in my career, when I started getting into real estate market around 95 market was down and in a couple years shot up from there. But from what I see we are in a downswing, and right this moment, IMHO, we are in a steep decline. REO's are hitting the market and the sellers that have had their house on the marekt for 6-10 months are dropping their prices, forcing everyone else to follow. That coupled with buyer psychology, the loan situtaion, and a a natural price correction is hitting the market hard. How hard and how fast? your crystal ball is as good as mine.

Thansk for the welcome guys, I hope to learn alot here and contribute when I can.

I have had everything from major mold problems to minor mold problems, to people trying to cultivate mold in a loaf of bread in their apartment to sue us. the correct way to do it is to get an environmental company out and test for whatever kind of mold you have and its concentration. but the problem with this is there is mold everywhere, and here in california there are no standards for what an aaceptable level of mold is, so they give you back a report stating something like there is "staccyboccious" (spelling off) and its level is 2 out of 7, or whatever the scale they use. But they don't tell you that, level 2 is basically normal. so now you have a written report that tells you you have mold in your place. which is not a good thing

some unscrupilous people, clean up everything very good first, then test.

the major risk is a tenant hooking up with a crooked doctor and lawyer and suing you for personal injury in the millions.

I've seen 3 million dollar remediation jobs done, and then years later there is still mold in the place.

for some reason in the commercial buildings i've encountered them with, it travels very fast in the baseboard, probably the adhesive used. and of course the drywall as well.

is it for budgeting purposes? or for CAM Rec, lmk and I can try and dig up some of my old excel forms and see if they are any use to you.

correct me if I'm wrong, but I think its 6%. And they will pay for any reinstatement costs for senior liens you incurred but not any fix up costs.

Nice forum you guys got here, im an investor in los angeles. been in real estate for 12 years in different capacities.