All Forum Posts by: Rob Malda

Hi - I am looking at a rural property that is a 10-plex consisting of 10 individual detached houses on one APN. I am considering the feasibility of converting it to 10 condos and the cost and red tape involved. Do we have any attorneys who do condo conversions in CA who would be willing to discuss with me and potentially take on the project?

Thanks! 

You are getting $1800/year return on $10k, that's 18% plus the faster paydown of your principal. I'd take that.

LOL, no. Look at the chart again: https://www.fs.fed.us/research/sustain/docs/indicators/indicator-316.pdf
The largest wildfires were 100 years ago and earlier, today the acres burned are minuscule compared to where they need to be. It's really not hard to find data for the past 10 years if you cared: https://fas.org/sgp/crs/misc/IF10244.pdf

As you can see the number of fires is down over the last 10 years, and acres burned are flat. Saying that we are experiencing the largest wildfires in history is nonsense - look at the charts. Global warming is irrelevant, you can't both blame moisture (hurricanes) and lack of moisture (draught) on global warming.  

'Climate change' is not causing the fires and no scientist who actually knows something about forestry thinks that. You are parroting some kind of a left-wing talking point. There is no drought. There is no explosion of fires in recent history. It's the opposite - acres burned are way down compared to historical averages and where they should naturally be: 
https://www.fs.fed.us/research/sustain/docs/indicators/indicator-316.pdf

Absolutely not. The aggressive suppression and resulting stored fuel is the main cause of large fires: https://www.propublica.org/art...

We need to burn more to reduce the stored fuel to historical levels. 

I ask 2x monthly rent for security deposit. 1x is standard in my area. I find that I get better tenants this way who are more motivated to keep the property in good shape. The deadbeats self-select themselves out.

Inflation expectations have been recalibrated for higher inflation - that's what's driving up prices right now. If you figure rents will increase 10% yoy for the next 5 years then buying a house with neg cash flow at today's rents makes sense.

What are you talking about? With the aggressive fire suppression over the last 100 years the west is seeing dramatically LESS acres burned every year than the historical average. We need MORE acres burned per year, not less. Historically the west has had smoky air all summer, every year. It's normal. 

I think she was clear that the issue is the number of people, not their age. Since the number of people is not a protected class there is no discrimination. You can decide to not rent to people with green eyes, people over 6ft tall, people under 130lbs, or people who's first name starts with 'A'. None of that is discrimination since none of those are protected classes.

Fair Housing says you cannot discriminate against a protected class. The number of applicants is not a protected class. No Fair Housing issue with rejecting them.