All Forum Posts by: Sarah R.

@DavidRenskers That's a really interesting approach. Interested to see what the analysis of that move will be in a few years, or when you go to 1031. Appreciate the feedback! 

@Geo Tan @Jacqua Le FleurSuch an interesting discussion, the appraisal process. I bought a fully vacant duplex in Boyle Heights in late 2018. Just re-fi'd and the appraiser noted the market rate rents currently being collected - but used "market rates" from comps of other buildings fully occupied with long, long term tenants. In this case the No 1 comp used was for rents for $300 & $500/ month  and set $1,100 per unit as a standard rather than the 2x $1900 currently collected on leases. It doesn't really matter for the re-fi, but found it rather annoying and worrying if we need to 1031 this building in the future. There's not a lot of listings in the area currently. How has your investments done in the last year? Did you get any of the appraised with similar results?

And of course I agree, community and sustainability over the quickest appreciation any day. We live in Echo Park and it's feels like the balance is still there, it's not quite the super-speed of for example Highland Park and Arts District.