All Forum Posts by: Renee Harris
Renee Harris has started 20 posts and replied 208 times.
Post: Starting investing journey from overseas.
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Dude, just listen to a podcast a day on what you want to do while you are away. So if you want to fix and flip, listen to a ton of podcasts on that and start building up knowledge. You don't have to spend tons of money, use that money to buy something and learn that way. When you are the real deal people will help you along the way. my 2 cents.
Post: I Need help with ARV
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Post: New Member at Bigger Pockets!
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Welcome!
What's happening in seattle? What are the hot areas?
Post: To ADU or not ADU in Los Angeles on a Flip.
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
https://www.biggerpockets.com/...
This thread made me search for Adu appraisal issues.
Post: Tenant want to change change his name into his new LLC.
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
"I'm not renting to your LLC honey, I'm renting to you."
Post: Help, I think I made a big mistake with tax sale properties
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
@Bridget Grant I just want to applaud you for jumping in. No matter what the outcome, you are a go-getter and will have knowledge on this subject and can help others. All the best!
Post: What's the issues using non licensed contractors?
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Originally posted by @Terrell Garren:
My GC license proves I am good at taking a test. I use several non licensed workers that have forgotten more about construction than I will ever know. Sure, there are GCs that grew up in construction and are extremely experienced and knowledgeable, but that is not a requirement to be a GC.
A GC is generally a project manager that aligns resources, labor and schedule. They are legally allowed to pull permits, do contract work for others and have some financial risk at stake. Generally, a GC is not licensed to do electrical, plumbing and mechanical. They sub-contract to those specialties to do the work.
A skilled investor knows when to use licensed and/or unlicensed workers and establishes relationships with the good ones.
Good work is not cheap and cheap work is not good.
Preach it Brother!
Post: Coverting to Legal ADU - NELA
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Why do you want to make it legal? Shoot, just fix it up real nice and rent it out and when you go to sell it, it's only a problem IF the new buyer doesn't want it. If they don't want it, then just pay the penalty which is going to be prolly $20,000 at the MOST, which is a lot less than $300,000. All the illegal units I have sold on properties the new buyer was happy to get it. They were going to rent it out too and did not care whether it was illegal or not. Before all the goodie too shoes with a lot of money run in here and talk about a tenant getting injured or suing you for renting an illgeal structure, even if they KNOW it's illegal you can settle with them and it'll be a lot less than $300,000. Yes all of this is a risk, but sometimes people take risks. If you got it like that and the numbers work out, Then go for it. If not, pay the possible fine with you have to sell and call it a day. Just my 2 cents.
Post: Property Management in Los Angeles
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Would you be interested in a newbie? I know someone who's been looking for something like this and would love to do it, but has no experience, you'd have to train her. What she lacks in knowledge, she'd make up for in enthusiasm, willingness, eagerness and desire.
Post: What's stopping you from buying your 1st investment property?
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111