All Forum Posts by: Dennis Maynard
Dennis Maynard has started 12 posts and replied 286 times.
Post: CAD Software: Simple to use
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Sketchup. Works fantastic, easy and intuitive 2D/3D software by Trimble. Not expensive. The plug-in you will need to do walls, doors, etc quickly is called 1001bit tools. This will make your life easier. Takes a little learning, but fairly easy to learn.
Post: Cost of custom engineering/design plans for an ADU
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
You can also check out architects for this as well.
Post: Recommendations for a good HVAC system for ADU?
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Check out the Mitsubishi systems. They might be a good solution as well. https://www.mitsubishicomfort....
Post: Timing for a California DRE Public Report (TIC subdivision)
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
I'm curious why you choose TIC?
Post: Purchase my Personal Residence under LLC
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Talk to an accountant.
Post: In Escrow-Contingency question
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Originally posted by @David P.:
Originally posted by @Dennis Maynard:
From a Broker - CAR Form Purchase Agreement requires that Contingencies be removed in writing unless specified otherwise. Contingencies that automatically expire are called rolling contingencies and are not used very often. You should not be required to remove the contingencies until your investigations are satisfied, meaning, you can tell the owner that you are not removing contingencies and not closing escrow until the allow proper inspection which is a contractual agreement. Any notice to perform will be meaningless and not enforceable. If they do serve you a Notice to Perform, then call an attorney for further advice. If you need an attorney, I'm happy to refer you to one.
Yes. A buyer can always refuse to buy, a seller cannot refuse to sell under these contracts.
Thank you. I do see this in paragraph 19 of my contract. Sounds like the buyer is protected for most part then as long as contingencies stay in place and not removed.
Post: High Appreciation vs. High Cash Flow... What's your pick?
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Know thy self, Know thy market, Know thy goals.... Always remember, if either appreciation or cash flow turns south temporarily from I don't know, a global pandemic as example, can you hold it. Have a backup plan.
Post: In Escrow-Contingency question
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
From a Broker - CAR Form Purchase Agreement requires that Contingencies be removed in writing unless specified otherwise. Contingencies that automatically expire are called rolling contingencies and are not used very often. You should not be required to remove the contingencies until your investigations are satisfied, meaning, you can tell the owner that you are not removing contingencies and not closing escrow until the allow proper inspection which is a contractual agreement. Any notice to perform will be meaningless and not enforceable. If they do serve you a Notice to Perform, then call an attorney for further advice. If you need an attorney, I'm happy to refer you to one.
Post: Which markets have you seen downturn?
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
@Kevin Gamboa. Take another look at your condo and rental property market. LMK what you see. Also segment out luxury listings. I'm curious what the results will be.
Post: What would you in Los Angeles with $60K cash
- Real Estate Broker
- Los Angeles, CA
- Posts 300
- Votes 146
Originally posted by @Amit Kochhar:
@Frank Wong what part of Arizona? I’ve been looking and there’s slim pickings for MF in Phoenix and Tucson at that price point to cash flow.
I get email blasts from Pheonix pretty regularly. They are there.