All Forum Posts by: Stephen Phan

Hello,

I have construction project on a 21 unit building in Knoxville, Iowa. Looking for an MEP or electrical engineer if anyone has some referrals. Thank you!

@Alex You I've worked with the Hpoz on a project in Lincoln Heights. Haven't done an ADU with them but we currently are in the process of some starting some construction. My understanding is that if it is not visible from the street you should be ok. Of course I would confirm this with them.

Hi Lori,

1.) They have specific rental property insurance for landlords. You can speak to any insurance broker or your perhaps your own home insurance company may offer something like this. 

2.) I currently manage my own properties but have been considering higher a rentaly property manager myself. Marshall Reddick is reputable company I came across that mange properties in a few states including southern California: 

https://www.marshallreddick.com/

Good luck!

Hello,

How do I get info on the next meetup? Thanks!

Hi @Jenny M.,  My wife and I have a few investment properties in Silver Lake and Lincoln Heights. We have considered other options out of state due to the challenge of finding cap rates that make sense in La and rent control. However, we are happy with the performance of our current investments so still trying decide what route to take. 

Thank you for the response @Joel Owens. Sorry I was referring to multifamily.  At this time we are investing in properties on a much smaller scale than what you mentioned above. Hopefully we get there one day!

Cheers,

-Stephen

Hey Guys!

We are planning to sell our property in Los Angeles and do a 1031 exchange for something in San Antonio, Tx. We may have to get two properties, one commercial  (8-10units) and one 2-4 unit building. Was wondering if anyone has any knowledge they can share about lending practices in Texas for both commercial and non-commercial properties in comparison to Ca.  

1. What fees can I expect? 

2. What are the challenges of getting approved for a commercial loan 

3.) Is it difficult to get approved for 2 separate buildings simultaneously for our 1031? 

4.) Any great lenders that are highly competent, efficient, accessible, with reasonable prices you can refer?

5.) any other info on this process is welcomed!

Thank you!

Stephen

@Brandon Battle Thanks for tips!

@Roy N. Sounds like what happend to Wil Barnard is nightmare!!

Hi Everyone!

I have a property in Perris, CA that I will be remodeling with the hopes of selling. The other day my contractor stopped by the property and found some squatters. Luckily they left the property. However, I am concerned that after the remodel is done and there are no longer cars sitting in the driveway, some squatters may break in and make a new home for themselves potentially damaging all the costly work that has been done. 

Does anyone have any experience with how to deter squatters from the property?  

Thanks!