
1 May 2024 | 14 replies
My debate is this.As a general statement the rental property cash flow here in Los Angeles is VERY challenging to find.I am looking to buy a property with a detached garage and convert into and ADU for helping to offset to mortgage.Crunching some numbers up on $1M property with and ADU assuming (rough numbers) main house brings $5,000 and the ADU $2,000 I’ll still be negative in the deal after all expenses (vacancy, capex, repairs etc…)However if I will use it as a Sort Term Rental it will be cash flowing beautifully.What’s your take about buying negative cash flow long term but counting on AirBNB to bring in the positive cash flow?

1 May 2024 | 8 replies
Owner occupants have access to all sorts of loan types and programs that investors do not.

8 May 2024 | 112 replies
Engelo himself experienced losses as a turnkey investor before immigrating to the United States, which motivated us to create a company that prioritizes integrity and accountability.Over the years, we've learned from our mistakes and endeavored to rectify them whenever possible, and at times as Engelo mentioned- put our hands in our own pockets to pay for them.

1 May 2024 | 11 replies
Let them sort it out amongst themselves.
1 May 2024 | 7 replies
Last thing you want (in my opinion) is to have some sort of hard feelings due to mis communication.Hope this helps!

5 May 2024 | 64 replies
This is where the second issue comes: hyper inflated figures that come from nowhere.Now imagine that the agent knows a developer that's creating a new seaside resort in the middle of nowhere, say in Panama and gets some sort of exclusivity to sell the huge amount of condos to be built to his US clients.

1 May 2024 | 1 reply
I am, however, motivated by reading stories of others who started out with very little (albeit, in a much more forgiving market than the bay area) and amassed quite the portfolio.I think the only way I could get into a property in the bay area would be to have a set up similar to the one above.

2 May 2024 | 18 replies
Not only for investment purposes, but if you're house hacking, then it will be your home too.It sounds like you're motivated considering your proactive approach.

1 May 2024 | 9 replies
Even with no devices turned on the appliances still have zombie power drain of some sort.

3 May 2024 | 19 replies
I’m not sure if you have the situation all sorted now or not but I’ll say there is lots of good advice above.