All Forum Posts by: Carrington Booth

If you're around the Santa Monica area I'd be glad to meet for coffee and give you some insight.  I'm on the same path, doing sales now to fund future investment deals.

I can confirm KW has great agent training, and would definitely start there before any other brokerage.  While you're waiting for your license, you could do property management (either be on-site manager and get free or close to free rent) or work in an office and just pick up as much knowledge as possible.  

Check out the FIBI (For investors, by investors) clubs on meetup.com .  There are a lot of them.  Try to avoid any ones that make you pay for materials or attendance.  The best ones are usually free and always welcome newcomers.

Welcome!  Since you've been lurking, you know how useful this site is.  What areas of LA do you focus on for investing?

I'm glad to help as well.  Shoot me some details with what you're looking for and we can go from there.  

Welcome! You'll love these forums.  Where about in LA are you?

Studio City, CA? If so, what's the budget?

From what it sounds like, the unit's owners don't need to let the tenant break the lease for a rule that was never agreed upon.  Was it ever promised to be a smoke free building to the tenant?

It's nice enough that they are letting the the tenant break the lease, there's no way they should pay any type of settlement.  

Are you saying that this is an apartment building? Or a condominium and the owners have multiple units?  How many units is the building?

If it's currently an apartment building and they want to convert them to condos, it is a bit of a process.  LA has slowed down a lot in issuing permits for the conversions.  Usually they will let buildings that were originally built as condos (pre-crash) but then converted them into rental units (post crash), back into condo status fairly easy.

Feel free to have them reach out to me if I can be of help.

I have seen agents with no clue about cap rates use the gross income instead of NOI when calculating a cap. *Cringe*

Hi BiggerPockets!

I'm a Real Estate agent on the Westside of Los Angeles and am upset I just realized I really needed to join Bigger Pockets.  I originally bought my first income producing property 10 years ago and found great info in this forum which really helped me out.  I should have never been approved for the loan (21 year old in college with "poker" income), but luckily all is well with the property and it still provides good cash flow to this day.

I will try to make this sound as least salesy as possible (you can see my Marketplace ad for the sales pitch =p). I have a degree in Property Management from Virginia Tech and have worked for various PM companies Mom and Pop size to the second largest residential REIT in the US, before focusing on sales.

My goals for investing mainly focus on acquiring buy and hold properties.  I've always had a passion for Real Estate and love helping people achieve their dreams, so sales was a great choice for me.  Although I would like to start working on my own dreams soon. =)

I have tons of catching up to do on the forums and am very grateful for the amount of knowledge I can find here and how helpful people are.

Thanks for having me!