All Forum Posts by: Rudy Dvorak

I have my personal residence in Orange County California that I've owned about 1.5 yrs and we owe $690,000 and it's worth about 1.05m. I have a garage I'd like to convert to an Adu, and I can self fund the Adu.  My question is -  can anybody out there tell me if my bank which was just a conventional 20% down loan but if my bank will require me to refinance when they get when it shows up on title from the city permits that an Adu has been added. I do not want to get out of my 3.8% 30-year loan originated by Chase and now serviced by Finance of America Mortgage.     If refi was a requirement for me to do an Adu I would NOT do the Adu. If anybody has a quick answer on typically will my current bank require a refinance or call the loan if and when they determine that I've added an Adu to the property??  Thanks in advance for your input?  

Good morning, We are looking for greater phoenix area multifamily 40 to 200 units. c property in at least b- areas. Heavy rehab / value add preferred. this is long term play and we are patient and deliberate. We live and operate in Southern California

Good morning, We are looking for greater phoenix area multifamily 40 to 200 units. c property in at least b- areas. Heavy rehab / value add preferred. this is long term play and we are patient and deliberate. We live and operate in Southern California.  Looking to start building a network of folks focusing in AZ.  

Good morning,  We are looking for greater phoenix area multifamily 40 to 200 units.  c property in at least b- areas.   Heavy rehab / value add preferred.  this is long term play and we are patient and deliberate.  We live and operate in Southern California

see you there

count me in.  i am expereinced investor - [email protected]

i have 4 properties and 27 tenants in socal over 4 properties.  all props have fixed loans at less than 3.8%.  I have $3.1M in equity.  looking to build adu's and jadu's and looking for $500ish K.   Anybody can point me in right direction would be fantastic.  Sorry if this is the wrong forum....always open to learning thanks   I might also ask does this equity information provided to public may open me up to scammers and crooks?  thoughts?

 Hi At the moment, we have a poor debt to income ratio.   Also, We do NOT want to refi.  We only want a new loan or solution to sit in 2nd postiion.  thanks for the input

I am looking for ideas on getting some private money. I have 12 unit rent controlled property in Los Angeles (Glassell Park 90065)

value $3.6M at

Total rents - $21,400 - $256,800 annually = not 1 late through covid

Less than 1/10th of 1% active vacancy in the last 8 years.

100's of inquiries in 24 hour recently when we post an available unit(s). = overwhelming demand

C area - C property - 1ea 3 unit building built in 1924 AND 1ea 9 unit building built in 1950

currently Chase loan - is at 3.61% - owe $1,999, 540 - adjusts in 3.5 years

by right I can build 3 adu's in current 1500 sqft basement. Biggest challenge is digging out, to get the necessary 7' 6" ceiling height. currently we have a bout 7'.

something like this might work. for $150K to build out the 3 units. secured by a second mortgage on the property. 6ish % interest. 1 or 2 points. payments start upon lease start dates. $3000 monthly patyments that include principal and interest. 36 month balloon payment. no prepayment penalty. about 4 months construction schedule. We will submit plans to city shortly. Projected rents for 450sqft studios is $2,000 per unit. Happy to discuss creative ways to get this funded.

We are day to day, 24/7 managers of every aspect from design, to permitting, to construction, to property management to maintanance to leasing and marketing. we have a track record of success, and we manage our 30 tenants across 5 properteis in Southern California.

I am looking for ideas on getting some private money. I have 12 unit rent controlled property in Los Angeles (Glassell Park 90065)

value $3.6M at

Total rents - $21,400 - $256,800 annually = not 1 late through covid

Less than 1/10th of 1% active vacancy in the last 8 years.

100's of inquiries in 24 hour recently when we post an available unit(s). = overwhelming demand

C area - C property - 1ea 3 unit building built in 1924 AND 1ea 9 unit building built in 1950

currently Chase loan - is at 3.61% - owe $1,999, 540 - adjusts in 3.5 years

by right I can build 3 adu's in current 1500 sqft basement. Biggest challenge is digging out, to get the necessary 7' 6" ceiling height. currently we have a bout 7'.

something like this might work.   for $150K to build out the 3 units. secured by a second mortgage on the property. 6ish % interest. 1 or 2 points. payments start upon lease start dates. $3000 monthly patyments that include principal and interest.  36 month balloon payment.  no prepayment penalty.  about 4 months construction schedule. We will submit plans to city shortly.  Projected rents for 450sqft studios is $2,000 per unit. Happy to discuss creative ways to get this funded.

We are day to day, 24/7 managers of every aspect from design, to permitting, to construction, to property management to maintanance to leasing and marketing. we have a track record of success, and we manage our 30 tenants across 5 properteis in Southern California.