All Forum Posts by: Matt Twaddell

@Jonathan Taylor

@Chris Collins

Thanks!

Hi BP Community, 

I'm currently looking at a deal in the Los Angeles Area. It's a permitted duplex with a couple granny flats that are not permitted. 

I was curious to see if there are any tax or legal ramifications if I were to purchase the property and rent the granny flats that are not permitted. The end goal would be to convert these to permitted ADUs, but I don't plan on doing that right away. 

Matt

@Nabil Suleiman
Thanks for the feedback!
Definitely looking for places in LA that need some love as you said. I'm renting now and just want to stop throwing money away so I can build some equity. PITI is something I'll definitely need to take into consideration.

@Nabil Suleiman

Yes, two very different areas. My goal is to find an investment property or a property I could live in by end of 2021.

I’m looking for a property that I can live in LA and possibly add an adu at a later date. The market seems to be very competitive for something like this in LA so that’s why I’m also looking into big bear...

The other option I'm looking into is an investment home/vacation rental in big bear that needs some cosmetic repair or has lot space for an adu or additional cabin. 

My main goal with my post is to develop a team now as I'm starting to look at properties

Hi all,

I was looking fro some referrals for real estate agents, lenders, inspectors, appraisers, property managers, and contractors. I’m currently looking into properties in Los Angeles and Big Bear areas, but wanted to get some second opinions/quotes.

Evening BiggerPockets, 

I'm looking for mortgage brokers and real estate agents that have experience in the Los Angelese Market with FHA properties.

I'm trying to find my first deal in the area by house hacking a single family, duplex, triplex, or fourplex FHA property.

Feel free to direct message me or send me an email. Appreciate any help or advice!

Matt Twaddell

HVAC is a lot more complicated than it seems on the surface. If he has 64 five star reviews that is the reason he is expensive. You're going to pay a premium for good contractors. I'd rather pay more up front and know it is right rather than go back and fix something three or four times.

@Bruce Olsen

The Real Estate Action Club in Burbank and the Pasadena meetup of FIBI both sound great. I'd like to attend the Real Estate Action Club, I'll send you a message with some more information.

Right now I'm just focusing on getting a duplex or multi family house that I can househack to get started in personal real estate investment. 

I'm currently working in the construction industry, but I've been considering going into real estate development after I finish my degree from USC. Being able to meet and talk with the founder of the Real Estate Action Club would be a great resource.

Thanks,

Matt Twaddell

@Dmitriy Fomichenko Thanks!

Thanks! @Mark Nolan

Thanks! @Brandon Turner. I'll check out the podcasts and look forward to the webinar tomorrow night.