All Forum Posts by: Monica Der
Monica Der has started 10 posts and replied 53 times.
Post: Inflation and the future rent increases in Los Angeles
- Realtor
- Los Angeles
- Posts 56
- Votes 32
I suggest you get some information from AAGLA they are the most up to date on this information
Post: LIVE: Biggest obstacle to buying your first investment property?
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Quote from @Pei Wu:
The biggest fear probably lies within the fact that investing is an irreversible process. Once invested, it is nearly impossible to undo. And if you make a miscalculation, the consequence would be more than any starter investor can handle. That is perhaps my biggest fear.
That’s actually completely the opposite of what investing is. There are millions of ways to leverage and unload a property that has negative cash flow. Even sellers I work with who have to short sale find ways to get out on top.
Post: LIVE: Biggest obstacle to buying your first investment property?
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Quote from @Jorge Polanco:
Hi, the obstacle im having is the finacial institution saying my debt to ratio is to high. How can i get around that issue i have the money for a downpayment and closing cost but they claiming i have to much debt?
DSCR loan if it's a commercial Multifamily
Post: State of the Market - Leasing Trends - Los Angeles, CA
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Thanks Carlos!
Post: How to sell 5% ownership stake in apartment building?
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Definitely agree with other posters
Contact all owners to see if they would be interested in a sale and payout.
If you can’t come to agreement, shop the ownership interest amongst the other owners
Post: State of the Market - Leasing Trends - Los Angeles, CA
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Key Takeaways: Despite the pandemic and inflation lease volume remains increased and we continually see rents rising. Multifamily Investing is a challenge in Los Angeles but still a great investment
Post: State of the Market - 2-4 Unit Residential Income Properties - Los Angeles, CA 90036
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Attn House Hackers,
Here is the State of the Market over the last 4 months
Total Sold Volume $66,447,000
Average Sales Price $2,657,880
Average List Price $2,760,720
# Listings Sold 25
Post: Getting into the wholesale game
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Quote from @Eric Gerakos:
In my not humble opinion, wholesaling for most people is a huge waste of time and energy. Save money, educate yourself and then get into the game.
A deal worth wholesaling is a deal worth keeping for yourself
Post: Negative Cash Flow on Rental Property - Hold or Sell?
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Quote from @Yun Han:
Quote from @Ruchit Patel:
If you did put lot of work like you are saying, did that increase the of the house significantly?
If yes, why not sell, 1031 exchange to save tax in gains, and then buy cash flowy turnkeys or airbnbs in Florida!!
That's what I do.
Yes, value was reappraised to 830k from 650k. So the LTV went from 95% to 71%.
Thanks for the advice on 1031!
Check the appraisal report to make sure that there was nothing missing or no errors on that report
Post: Entry Level Aspiring Real Estate Investor
- Realtor
- Los Angeles
- Posts 56
- Votes 32
Congrats on discovering this new passion. What I would advise you to do is to save up as much money as you can for your first down payment. Educate yourself on the basics of being a landlord and make sure you ask yourself if it feels right to be in a position where you will be in charge of compliance with laws and building regulations over a long period of time. If you are interested in flipping get very involved in the process of learning about construction and sweat equity.