All Forum Posts by: David Avetisyan

Tell us a little bit about the deal. Share numbers. Attach some images. Give us a chance to better understand the situation. 

 Unfortunately, in LA you can’t evict 95% of the time even if they have broke the lease due to the COVID moratorium. 

To your success!

You are under no circumstances allowed to increase the rent on the property. There is no way around this given the LA RSO. 

This would be a violation and could open you up to a lot of liability. You are allowed to buy the tenant out either ‘cash 4 keys’ or pay them the city relocation fee which is pretty high and can be found here:  https://housing.lacity.org/wp-...

Whatever you do, don’t irritate the tenant because under the LA rules, you still cannot evict a tenant for non-payment of rent.

You don’t want a situation where a tenant decides they no longer want to pay rent.

Unfortunately, LA is a different beast and rent control in this area follows different guidelines. 

If your considering selling, my buddy does buy homes cash. 

To your success! 

Welcome to the real estate market. Unfortunately, buyers have set the standard and since lending is far more relaxed now, typically appraisers are going with the flow. 

I have a investor friend who is a broker. If your looking for someone to negotiate for you, he’s a straight shooter. 

Otherwise, expect the unexpected: the RE marker was suppose to correct when COVID came along. All the indicators were present, but the government forced its hand. And now we have tenants living for free, banks offering forbearance, tons of free money being passed out to people who don’t need it and people refinancing with triple digit cash outs. 

Where things are headed is anybodies guess. 

 Who is your referral?

You can obtain access as a licensed broker. It’ll run you somewhere to the tune of about 1500-1800 dollars a year. 

You may be better off just utilizing the search portals online. It may not provide you seller notes, expired listing or other information, but these are things you may not need anyway. 

To your success!

You don’t pick the appraiser. I believe this is due to Dodd-Frank. You pay for the appraisal and they will assign someone independent. 

To your success! 

It’s possible, but you should proceed with caution. If you don’t know what your doing, it can turn into a costly learning experience. 

To your success!

Hey Shiva! I really would appreciate the assistance. I have gone ahead and sent you a colleague request. 

 Thank you!

Looking to begin a new development on an 8 unit complex in the city of Los Angeles. I am seeking out experienced builders to educate me on what is needed to get plans approved and start construction.

The following is what I am under impression is a must on blue prints:

 1. Structural Engineering
  2. Mechanical, Electrical & Plumbing        

• 3.Title 24 energy
  4. Civil / grading engineering
  5. Geology/Soils Report/engineering
  6. Property Survey, topographic or boundary survey
  7. Landscape / irrigation plans
• 8. Grading Plans
• 9. LID
• 10. Sprinkler System
• 11. Utility upgrade (is this necessary even if there is an existing building?)

What am I missing and/or what will I not need?l

I’m trying to connect with engineers and bids are all over the place with what is, and is not included so I'm trying to figure things out.

Thanks in advance!