All Forum Posts by: Jordan Feiner

I don’t think they’ve thought about it. The owner uses the combined rent, $7700 to fund her parents retirement. The incentive I see is a large down payment from me and increased rev from the larger mortgage payment over the rent. 

Thoughts?

My wife and I currently live in a duplex we love in LA and want to buy it.  Any suggestions on the best argument to convince the owner to sell via seller finance?

I’m based in la and looking at out of state as well for about the same price point.  What about places your wife/husband/close friend grew up? Also search city/ state migration, who are having the big job increases?  Will those be affected by a down turn- manufacturing vs healthcare?  I’d also look at neighboring states so the travel is more doable. 

Jackie folk at Williams tax and finnancial 

@Bill F. thanks for taking the time!

I was far too simplistic in my question, I understand the exposure if you can't sell before the principal kicks in or if appreciation stalls but if rates jump they can readjust the rate inside the IO period?!  is that in all IO loans or something you can negotiate?  If that's true, are they just great for flippers?

I'm in the rarified market of LA so appreciation is almost guaranteed and houses usually move in the first weekend or two they're on the market. Yes, nothing is guaranteed but we  I was thinking that an IO allows me to buy a bigger house, hold it for 5-8 years and use the appreciation profit for the next house on a standard 30 fixed.  thoughts?

@James Yoo - This is such a tough dilemma, these people have rights and deserve respect but so do you and your residents.  It's especially bad for houses bordering the alley.  My suggestion would be to pay a few college kids to canvas the neighborhood with a petition for the city council. 

I have this issue in my neighborhood as well, Iacienga and Beverly.  We have a Saban center and the Cedars ER a few blocks away on either side.  Finally a petition was passed around the neighborhood and delivered to the council rep.  A meeting was had and Sanitation did a major street/Alley cleaning and the cops have have started driving the Alley's more.

Don't pay them and don't do anything to antagonize them.  the sprinkler suggestion would just have the homeless people confronting your tenants. 

Who's on the other side of the alley?  Maybe split the cost of putting in a large, non discreet security camera?  This will help you make the case again the deification and urination which is illegal and could help you get the police etc to move them.

Also, use twitter - the LAPD does monitor twitter, so posting a few videos of illegal behavior could help get you action.  

Given that LA is an appreciation market, What are your thoughts on going with an IO loan with up to 10 yrs of IO if I plan on selling in 5-8 y years? Am I missing a huge pitfall here?

Given that LA is an appreciation market, What are your thoughts on going with an IO loan with up to 10 yrs of IO if I plan on selling in 5-8 y years?  Am I missing a huge pitfall here?

Hi @Stephanie Trevizo - what do you factor in for vacancy in LA when running numbers on a deal?