All Forum Posts by: David Avetisyan

If they are asking for all these upgrades before they’ve paid you a penny, I would love to know what they would want in exchange after a month or two of paying your mortgage. 

Sounds like a bad tenant story waiting to happen!

To your success!

I would suggest you visit this thread and read some of the comments:

https://www.biggerpockets.com/...

To your success!

No sense in entertaining this situation any further. I would pursue other qualified tenants.

Personally, this doesn’t like the right deal for your buyer. I would persuade him to steer away from this property and find him something that is better suited. 

To your success!

I personally wouldn’t be able to answer your question until I knew a lot more about the property, such as:

1. What city is it located in?

2. What condition it the property and unit in?

3. Is it a single family home?

4. Is the property under ‘rental control?’

5. How long have the tenants been occupying the property?

To your success!

Rent control restricts the ‘free market’ of real estate. Affordable housing is an issue in CA and the government is making landlords pay the price for it. 

The HCDLA 2-5 year inspections in SoCal that happens typically once every 2-3 years in rent controlled areas is just another way for the government to pump money into the city. These ‘inspectors’ typically issue infractions on items that requires a landlord to pull permits for no good reason.

It’s not fair. 

I call his bluff and show up anyway. Not sure if it’s that serious to serve a 10 day. But personally, I would try to work with the tenants to make showings happen around a schedule that’s fair. It is after All Valentine’s Day. 

To your success! 

Seeking recommendations on solid High Yield Savings Accounts

Some key points:

• Money is easy accessible with ability to transfer large amounts in-and-out without hassle 

• Consistency in APY% 

• Mobile App with good functionality 

• Above average customer service 

Kindly share your good/bad experiences and make recommendations with pros and cons; I want to avoid any headaches at all costs but would like my money to grow as I look for my next deal. 

Thanks in advance! 

In my humble opinion, if you’ve waited 49 years, might as well wait another few as we are somewhere near the top of the real estate cycle. I cannot predict a crash, but history does indicate we have some sort of a correction expected. 

If your eager to buy: go for it. As long as the numbers make sense, I’m not opposed. 

To your success!

If you accept a payment during an eviction process it voids your unlawful detainer.