All Forum Posts by: Malia Miyashiro-Harmon

Hi Matt.. just some thoughts on the tenant as someone who works in the film industry... filming in LA sort of started in late summer / early fall of 2020, but then went back down for the holidays and into Jan as COVID cases rose.  Since Feb I would say, its been pretty busy.  Now who knows what sector your tenant works in.. maybe they are in post production so things could be swinging in to gear for them now since filming has been happening.  It sounds like the tenant is now paying and w a consistent record for the last 6 years, I would take it as simply the COVID situation, and not a 'bad' tenant.  If you can get a good deal on the duplex, or do the 12 months rent holding in escrow like you mentioned, I think it would work out fine.  This is just my insight on the film industry, but still trust your gut when speaking with the tenant. 

@Brenden Mitchum Thanks for the info.. we are getting our finances in order over the next month so I think that will really start the ball rolling.

@Jon Kelly Great specifics to start thinking about, which we have!  I'm in the process of gather contacts of lenders that deal w a lot of mixed income sources from friends here in LA that are in the film business and have also purchased.  Thanks again!

@Jonathan Taylor Thank you for that info on the seasoning period.  We are actually partnering w a family member who will most likely be a co-borrower so I'll def past that info on to him. All of us have little to no debt and great credit.. super thankful for that as we start this process! 

Curious on how early is acceptable to start talking to lenders and real estate agents about getting things going.. my husband and I are in the works of doing a house hack hopefully with either a duplex or multiple units on a piece of land out in the Los Angeles area.  The thing is, we aren't in a rush.  I would rather wait and work w an agent who understands what we are looking for (we are pretty specific) and if it takes 4 months, 6 months, so be it.  We will be working w a family member as a co borrower as well, and the are in no rush either.  I don't want to waste peoples time, but I don't want to rush and jump into the wrong deal.  Thoughts?

@Account Closed  Thanks for the insight Brandon!  Good to know about the attorneys as well.  

Wow that is awesome!  Thanks for sharing in info... I'm in the LA market, though was analyzing out of state... so my perception of everything is skewed (w being in the LA market) but had a good time looking around and analyzing.  

Hi Meghan!  I was checking out your report... just curious if I was reading it correctly.. the property cost $365K but was going to rent for $6K a month?  If that is the case.. I gotta check out SC!  

I went thought and analyzed various turnkey properties and compared their breakdowns to what I was getting... pretty close overall... though my ROI are less due to keeping a higher percentage for Cap Ex and general repairs.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Andrew Syrios  Thank you for the welcome!!

@Axel Meierhoefer  Thank you for this!  Our financial advisor was recently talking about a similar process in regards to retirement.  I appreciate the thoughts and insight!

@Krissy Mussenden Thanks for all the info!  Yes, duplexes or multi unit property, if I decide to invest here is most likely what I would go for.

@Brandon Goldsmith  Thank you for the thoughts and seconding the OH rec!

@Dmitriy Fomichenko Thank you!

@Steven Foster Wilson Thank for reaching out and you thoughts on a market you are in.  I have a close friend who is from the area too... sounds like I should chat w her about it!!

@Stephen Akindona  Thank you for your insight.  I know if I decide to jump into an out of state market, I would visit and definitely do boots on the ground research before purchasing.  It seems too big of a deal to not do face to face due diligence.  It is like how people judge Los Angeles for being super vain or super glamorous without ever stepping foot in the city... it's both and everything in between!!!

@Zeke Liston and @Remington Lyman  Thank you for reaching out.. good to hear from people in the area.