All Forum Posts by: Jennifer Stutland

I haven't heard of NetWorth.. But, I do work in LA. It seems the NetWorth Realty of Los Angeles office as a whole (not sure how many agents) represented 7 seller sides and 15 buyer sides in 2018. If I were you I'd research who specifically you'd be talking to. Ask for reviews, and if you'd like, speak to past clients.

Hi Martin, every time I run credit for tenants, we go through my office, Coldwell Banker. Not sure how other people do it, but as a Realtor who also does property management, this is how I do it for clients. 

Sent you a pm with a recommendation. In addition to choosing one with experience with 203k loans I would vet lenders and look at their local reputation. Are they known to local listing agents to be good to work with? What will they do to get your offer accepted? What's their process to make sure they deliver on their promises? How involved are they in the loan process once in escrow? What's their schedule like, and how quickly do they get back to you? FHA loans are tough to compete when many investors have conventional loans or are all cash. In order to compete you need a loan that works for you obviously, and a lender who will be your ally.

Agree with the other comments in this thread. Consider the people looking to do work on a house. They're the ones wanting to save money and will hunt for deals. If fixing up a property just isn't feasible for a seller, it must be reflected in the price in order to compete. People who are willing to pay more will do so for a house in prime condition. They're the ones who might say "oh gosh, replacing carpets? That must cost thousands of dollars, I'd rather get a house with it already done." They're scared away by projects, and will pay a premium for houses that shine. Typically, 10 showings and no offers or two weeks with no showings = overpriced. Fixing up yourself and staging (if done properly) should get you a good ROI.

Interested!

I would check with the LA City Planning Department. 

Average days on market is sometimes a good indicator of a buyer's/seller's market. Another good indicator is months supply... how many months it would take to absorb all for sale properties (at the current rate of demand) if no new properties came on the market.

Other recommendations for a new agent- do the one thing that's going to make the biggest effect on your business, and do it every day. And, get a trustworthy team in place (escrow, title, lender, mentor, TC, handyman, etc.)

Hi Ash, welcome! If I were you, with the budget flexibility, I would be looking at North Torrance (as west as possible), Old Torrance, Walteria, Hollywood Riviera, or West Torrance. I'd probably look elsewhere from Harbor Gateway or County Strip. It depends though, what kind of investment are you thinking about? Single family, multi-family, commercial (5+ units)? If you're looking for areas good for a young family, I'd look elementary and middle schools as well. Consider what's most important to you... popular areas to rent, better chances to appreciate, security, and if you're living in the property where your family will be happiest. All these factors will influence where to look and what property is best to fit your strategy. I just sent you a PM. Good luck!

Oh! Areas in Torrance that are part of Torrance Unified typically are more desirable.

I would research a bit more. Many areas in Torrance are rent controlled. What do you mean in terms of potential? Appreciation? Cash flow?  What type of investment are you interested in, and what kind of financing are you talking about? Financing is is a big determinant of the degree of profitability. Personally, I think South Gardena, North Torrance, Old Torrance have the highest potential for future appreciation. But, if you’re looking for longer term stability I’d look in Walteria and West Torrance.