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20 February 2025 | 13 replies
Sounds like either some of the information provided may have been exaggerated or changed, or possibly you could have been dealing with an identity theft situation as well.
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1 February 2025 | 51 replies
The property jumped another 100k less than a year after the sell as well as rents went up to support what would have been the new monthly debt if I refinanced and held.
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6 January 2025 | 2 replies
It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis
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22 January 2025 | 1 reply
The appraiser wouldn't even allow me to meet him which I had never had happen.
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16 January 2025 | 1 reply
The provider I am using allows for 60 days of continued coverage once construction is completed.
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27 January 2025 | 6 replies
Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?
15 January 2025 | 5 replies
After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).
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8 February 2025 | 9 replies
From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action.
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4 February 2025 | 1 reply
I am bumping into more and more people that I consider fairly high achievers that seem to have someone coaching them to do better as well.
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12 January 2025 | 8 replies
I agree with @Ashish Acharya if you're interested in reinvesting the proceeds into another investment property and your goal is to minimize your tax liability a 1031 would work out well for you.