All Forum Posts by: Brandon Carlson

Hi BP,

I'm thinking about purchasing an STR in either Yucca Valley or 29 Palms. After speaking with a few local agents, they shared with me that the County may be issuing a moratorium on VHR permits this August.

Has anyone heard of this?

Thanks

@Bruce Lynn Do you service the Sherman area?

Thanks

@Mark S. what are some of the good elementary schools there?

Thanks

@Mary E Veldkamp That's amazing. Congratulations!

Welcome @Mary E Veldkamp it's always nice to see a SoCal person on the forums!

@Jenine Civil How was your experience getting the permit? I'm strongly considering purchasing a property in the next few months. 

Thanks

@Account Closed I think I may be able to refer you to someone that can help you out. 

@Roxanne Rose Congratulations on owning two rentals! To answer your question, it depends on what your long-term goals are. How has your experience been with the tenants, are they paying rent on time? what would you 1031 into? 

 City of Inglewood Ordinance No 19-13 states the following:

"The base rent amount for calculations is the rent in effect on 6/18/19 or the initial rent for tenancies starting thereafter. Only one increase is allowed every 12 months, calculated from the day the increase first takes effect. Increases are capped at 5% of base rent, or the percentage increase of the Regional Consumer Price Index (CPI), whichever is greater. Units with a base rent less than 80% of CPI may increase rent by up to 8% per year until the rent reached 81% of average rent as published be RENTcafe."

Feel free to PM me if you have any other questions. I'm an agent. 

Best,

@Account Closed What specifically do you like about 63117,63130, and 63110?

I recently did my first flip in St. Ann and now I'm thinking of purchasing a rental. 

Thanks

Homes in the area go for anywhere between $775k - $975k. I plan on listing it at $828k