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All Forum Posts by: Neil G.

Neil G. has started 58 posts and replied 219 times.

Post: Potential New Construction in LA

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

Current drought moratorium not an issue?!

Post: CAR Publication: 2016 New Laws..

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

http://www.car.org/legal/recent-news-laws/2016laws...

Counties, cities, nor HOAs can no longer prohibit fake turf?

 Unruh does not require provision of services and/or documents in language other than English - unless required by law?

Landlords must allow tenants to use clothesline/drying rack in private areas but balconies, railings, awnings and other attachments to building or structure do not qualify as clotheslines/drying racks?

Landlords must post a notice announcing they will be using pesticides in or near adjacent units at least 24hours before they do, unless applied by a licensed pest control operator?

Allows revocable Transfer On Death Deeds for residences up to 4 units as well as agricultural land up to 40acre?

Post: Thoughts on the next housing crash

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

My thoughts are pretty much based on events in the past few months (ie Paris, San Bernardino, and many many massacres) as well as the 2016 cover of The Economist, ie they have a baby staring at a globe which represents the growing global pandemic of a virus patented decades ago and spread by GMmosquitoes and effective in reducing brain mass/intelligence of most children of infected mothers.

That plus school shootings, massacres, water shortages, power outages, and a possible shutdown of EBT Food Stamps could quickly spark a chaos scenario in America's most populous multifamilies & cities.

Look around at how many commercial/retail spaces are vacant. Entire strip malls are going ghost-town vacant fast. People are shortsaling left and right barely before they foreclose and moving into cheaper rentals or mutlifamily co-ops and sharing with multiple generations in the family to make their welfare checks cover overprice iphones androids and lux vehicles.

Are rents really falling in Denver, already? Is NYC vacancy rate really at its highest since 2008? Thats a huge flag/warning sign right there as well.

Post: New to BP, question about reaching out to a potential seller

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

It being up for rent 'for a while' sounds like the perfect opportunity to inspect and strike up the conversation of rather buy than rent. 

Have u already (visit/inspected)?

Post: Fed's Penalty For NOT Having Health Insurance: 2% Annual Income?

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

http://obamacarefacts.com/obamacare-individual-man...

The annual fee for not having insurance in 2015 is $325 per adult and $162.50 per child (up to $975 for a family), or it's 2% of your household income above the tax return filing threshold for your filing status – whichever is greater.

http://www.cbsnews.com/news/is-mandatory-health-insurance-constitutional/

Post: Annoying Tenant

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

when i moved out here from the east coast, i was relieved to find that most tenants routinely are expected to provide their own refrigerator and cooking appliances!

likewise, learned to include in the lease that tenant responsible for cleaning and pest control.

and to go down a move-in walkthrough of literally every appliance, light, corner, area, room, door, fixture etc with them and have the tenant check them off as ok on the list if so.

good luck with dealing with them, u've come to the right place, BP where u'll get lots of advice collectively!

Post: Can I survive as a student landlord?

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

would it really be a total career change, considering ur foots already in the door with a 3 unit income going?

do what u love.. indeed continuing education and living in a state of grace are paramount over numbers, net worth, etc in these times where material wealth/power are covertly at the root of much dismay world over

people living under the same single fam roof/dwelling don't routinely collect RENT from the rest of their family as  LANDLORD-TENANT relationship(s), even if it is their MOTHER IN LAW =D

thus, while the house may have a grandfathered (or grandparented to be more PC?) mother-in-law, mother-daughter, jack-and-jill, 'Summer Kitchen' and/or maid's quarters yada yada  - as many mansions and other estates traditionally do -  if its a SFD that means per code/ordinances etc u cant rent separate tent dwelling/apartments within it - only maybe a room or so.

thats why instead, large SFDs with a duplex layout (or maybe even a 'back house') to spare will 'rent out a room' to avoid grossly breaking zoning and C of O rules for a single fam dwelling. of course that means either the kitchen is inherently shared or one of the persons (ie, a college student, or a raw vegan) simply does not need access to a traditional kitchen whatsoever.

Post: ROI on landscaping: a good investment for my investment?

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

i see alot of socal and az landscapes put in where they cover the dry hard clay with a layer of very SANDY YELLOW gravel that sort of forms a stucco-like shell over the earth that chokes out weeds aside from the areas its applied very scantily like around existing specimens. wonder what's that stuff called, is it different from caliche?

Post: Word of Caution For Those New to Commercial

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

does commercial include multifamilies over a certain unit #, and if so, what is that magic #?

4?