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9 August 2018 | 33 replies
Should be easy since the LA is also your agency.
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5 March 2019 | 9 replies
With the recent rain in LA, I am trying to schedule the company to come back3) Bottom of his door has a gap so I am sending out handyman to fix itLong story short, I have tried my best but he thinks I'm not a good landlord and doesn't want to pay rent until everything is fixed.
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7 March 2019 | 2 replies
I'm not seriously affected by it, but land in LA is a premium.
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7 November 2017 | 6 replies
You might consider Reaching out to Ray Lai from Resimpli.
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4 July 2020 | 23 replies
If we were to rent out the front house that we currently live in, I would estimate it to be about $3500 or more for it, since it was remodeled, and it looks great.Analysis:So I did the math (high level) using 2 different scenarios.Scenario 1: If both the houses were rented.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.857142857Down Payment (%)3.50%50 Percent Rule3000Down Payment ($)24500Cap Rate8.214857143Interest4%Cash-on-Cash Return26.73744578Term (years)30Loan amount687,321IncomeCash FlowRental Income 12500Total Monthly Income6000Rental Income 23500Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow924.67Total Monthly Income6,000Total Annual Cash Flow11096.04ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5,075.33Cash-on-Cash Return26.73744578 Based on the above analysis, here are the key takeaways – 1)The property cash flows - $924/month 2)Cash on cash return is 26% which is pretty good in LA I reckon.3)The main thing I would like to note is the solid Cap Rate of 8.2Scenario 2: The actual scenario with only one rental income since we moved into the front house.Property/Deal ProfileGeneral GuidelinesPurchase Price700,0001 Percent Rule (%)0.357142857Down Payment (%)3.50%50 Percent Rule1250Down Payment ($)24500Cap Rate2.214857143Interest4%Cash-on-Cash Return-74.46737349Term (years)30Loan Amount687321IncomeCash FlowRental Income 12500Total Monthly Income2500Rental Income 20Total Monthly Expenses5075.33Laundry IncomeStorage IncomeMisc IncomeTotal Monthly Cash Flow-2575.33Total Monthly Income2500Total Annual Cash Flow-30903.96ExpensesCash-on-Cash ReturnTaxes750Down Payment24500Insurance58Closing Costs0Water/SewerRehab Budget30000GarbageMisc Other-13000ElectricGasTotal Investment41500HOA FeesLawn/SnowVacancy200Repairs200CapExProperty Mgmt.Mortgage Insurance Premium586.33Mortgage3281Total Monthly Expenses5075.33Cash-on-Cash Return-74.46737349In the actual scenario, I am paying $2575 every month towards the house.
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25 January 2019 | 14 replies
Here in LA I have a single vintage airstream in my backyard that I air bnb and it’s been good so far..
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27 April 2019 | 3 replies
I am a pretty experienced Canadian investor looking to invest in the United States with buy-and-hold properties in TX, ND, SD, NE, TN, WY, and LA. I
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28 April 2019 | 1 reply
@Elaine Lai.
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5 May 2019 | 8 replies
There are around 118,000 "Rent Controlled" buildings in LA. I
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17 January 2017 | 4 replies
Everything is so expensive here in LA, I figured I'd look towards the Midwest or up that way.