All Forum Posts by: Shannon Shue

This Event will take place at the property being FLIPPED. It allows new and seasoned investors to get "hands on" to the work being done. It is current in the middle of the project and you will get an opportunity to evaluate the numbers and the project scope.

The "Hands On Real Estate Investments in LA group" is pleased to host Mark Gallandt, a successful Realtor and Investor, who will showcase his newest project in Leimert Park (90008). Mark has been flipping houses for over 10 years and has owned his own brokerage office. He will walk new and seasoned investors through the process of rehabbing a 3 bedroom/1 bathroom home into a 4 bedroom/2bathroom house by adding a master bedroom suite and re-configuring the bedroom space.

This property was purchased from the MLS and the plans are to add an additional 250 square foot. This property will allow you to see the project in the early stages of work, just after all the demolition and as the new walls and rooms are being roughed-in.

At this meet up, we will review:

Come prepared to get a hands-on look at the early stages of this rehab project. We recommend you wear covered shoes and be ready for a construction environment.

Afterwards, we will meet at:

Earl's on Crenshaw, 3864 Crenshaw Blvd, Los Angeles, CA 90008

Here we will network and talk about our needs and wants as Real Estate Investors.

Schedule:

11:00am - 12:00pm: Promptly staring the tour the rehabbed home, review financials and acquisition.

12:30pm-1:30pm: Meet and Greet over coffee. Coffee is not required nor included.

$20 will be collected at the door, please be ready with cash or a credit card.

More details and to RSVP : https://www.meetup.com/HandsOnRealEstate/events/24...

Hi Luaren,

I live in Leimert Park and know this area very well. I just rented a property in #JeffersonPark for $2750 and I had over 5 applicants, so I believe you have a great opportunity to cover your expenses and keep your LA Local card.

It is a 2/1 however a stand alone house has the potential to get a 1% return. We can weight that against selling to take those funds to Atlanta, where you would potentially get a nice return on the investment. I have a colleague who is investing in rehabs in the suburbs of Atlanta and I notice the returns are very attractive.

If you are still in LA, I'm a neighbor and open to meeting in person.

Cheers,

Shannon Shue

I am very interested in the responses to this thread because I am interested in purchasing a REAP property also.

@Jason Wilson Do you have additional resources or thoughts on fixing the problems?

Hi Bo,

I don't know if you still are looking for a buyer, however I'm interested in finding out more about REAP purchases. I'm looking at buying a REAP right now.

I might be interested in finding out about the one you are currently dealing with too.

I would love to chat 

Shannon

How does a historic rehab project outpace the market comps? What does 2017 look like for flips in LA?

We will explore this midway project and the finished vision. Expect to learn the process of procuring the property, analyzing the returns and rehab costs.

Rehabbing a HPOZ historic home is extra work. However, the returns can outpace the neighborhood comparable when saving interior and exterior character. Many of the homes in urban Los Angeles are older and buyers look for unique historic charm.

This 1924 2-story craftsman is a 3 bedroom 1 bath with a 5 car garage. It will be a great example of We will get hands-on with the rehabbers (including myself). See how a beautiful home keeps the original craftsman charm while modernizing the design.

At this meet up, we will review:

Come prepared to get a hands-on look at the early stages of this rehab project. We recommend you wear covered shoes and be ready for a construction environment.

Afterwards, we will meet at:

Nature's Brew Cafe (Near USC) 2316 S Union Ave Los Angeles, CA 90007

Here we will network and talk about our needs and wants as Real Estate Investors.

Schedule:

11:00am - 12:15pm: Tour the rehabbed home, review financials and acquisition.

12:45pm-1:30pm: Meet and Greet over coffee. Coffee is not required nor included.

$20 will be collected at the door, please be ready with cash or a credit card.

To RSVP go to: https://www.meetup.com/HandsOnRealEstate/events/238231653/

@Albert Bui @Chris Mason Thank you for those insightful points to remember when refinancing. Weather going portfolio loan or equity, I can see the pitfalls and positives which brings up a few more questions. I may also reach out to you for clarification. 

@Patrick Boutin I'm glad you asked and being in CA means the discussion has some anchoring in traditional financing within this state's regulation.

@Gene Murashko Thanks for that information, could I get the name of the REA that you feel knows the Salem market well?

@Walter E. I am impressed with the overview of the bigger apartment building returns for Salem compared to Portland. What areas are considered a C area in Salem (specifically)?

I am making a trip up to the Portland/Salem area just after Christmas, I'd like to connect with an agent and an investor while I'm in town, who knows the Salem market well.

@Clayton Mobley Sure, I'll ring you.

Shannon

@Anton Ivanov I tried to PM you but it seems I have a pending colleague request. I have some questions about Bham investing.

I dig your contribution to a Birmingham AL thread and then I read your profile and your goal is the same as my goal: 50 units in 8 years grossing $150k passive).

I am going to Bham next month and I am going to explore the investment options there. I'm curious, how did you get started in Birmingham? Where are you current invested? What would you advise about Bham investing?