All Forum Posts by: Woojin Joo

Mid Wilshire, thanks ! 

Thanks, just messaged you. 

I'm looking for an office space to sublease/lease in Los Angeles for a medical practice.

Do people typically use agents for these types of searches? I noticed that it's much harder to get in touch with an agent than it is with residential real estate.

I got a lot of help from BiggerPockets while I was searching for the house I currently live in, so I thought I'd try asking here.

Anyone know of agents in Los Angeles that can help me find a medical office space? 

Or anyone with experience that wouldn't mind answer a couple questions about the search?

Hi, any recommendations for a listing agent in Klamath Falls County, Oregon? 

Any listing agents you'd recommend for properties in Klamath County? 

@Liz Puffenbarger

When people shop for lenders, what does it look like in practice? Is it something that's typically done after entering escrow?

Will it require a hard credit pull for each lender I talk to to get an accurate estimate? If so, how will that affect my credit and loan estimate?

While in escrow, should I be calling around different brokers and/or direct lenders? And how many?

How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.

Does the math change significantly if I were to house hack vs not? 

Because this would be my first property, I won't be a real estate professional. I heard that making it a short term rental would help with tax savings, but I'm curious to know how much tax savings is to be expected without going the STR route.

What kind of investors buy real estate in LA?

It's well known that finding cash flow positive multifamily is difficult in LA. I'm starting out and since I live in LA, I thought I'd practice analyzing deals on redfin.

The numbers don't even come close. But these multifamily units are bought and sold everyday. So what kind of people buy these multifamily units, if not for cashflow? When does it make financial sense to buy any of these units? 

One scenario I can think of is for people who have > $1million in cash, because with a big mortgage it's likely to lose money every month. But if you have that much cash, why wouldn't you invest it anywhere else that is likely to return more than an old multifamily unit in LA? For some of the deals I've seen, cash on cash return seems likely to be far lower the risk free rate. 

For the units I've seen, they don't look like a place someone with >$1million in cash would buy for emotional reasons. 

Why would anyone buy?