All Forum Posts by: Shiva Bhaskar

Hello BP members,

I’m having a nightmare situation with two tenants in Long Beach CA. Both have been given non renewal notices and are due to move out at the end of this month both are saying they can’t find another rental and want to stay. That is not an option because both have been terrible tenants hence us giving them non renewal at the end of their 11 month lease. My property manager says we will have to evict them for not vacating the unit once the moratorium expires on June 30th. Does anyone have any further advice on how I can get them out sooner? Besides cash for keys because I’ve already dumped too much money into these guys.  One of the tenants is already behind two months in rent and I’m realizing why being a small landlord in LA sucks so bad. We own in Florida as well and have no such issues there:( I should mention neither has been affected by Covid. 

Is the eviction process for non renewal squatting any easier than a non payment eviction? 

Appreciate any insight from local investors!  

Hey everybody. I’m new to the real estate investing game and I’m looking to network with other investors (newbies also) in the Los Angeles and San Bernandino areas. I’m trying to get outta this analysis paralysis phase and start to walk the walk instead of talk the talk. I know how to do most things like running the numbers on property’s with comps, talking to real estate agents, getting private money, etc... what I find difficult is finding good deals and contractors. So if anyone is in the same boat as me or is looking to add someone in there team, shoot me a DM. Also if anyone knows of any meet up’s in these areas, let me know. It would be appreciated.

I am looking to invest into my first tri or quadplex to start off my REI.

Since I want to buy a property in CA with less than 20% down (VA loan, no house hacking), I was just looking to build equity on the property even if it doesn't give me any cash flow first few yrs.

Is this ok? Or should I look for a different route? 

Also, is it bad manners to talk to multiple real estate agents? I heard this from a friend. 

Any advise is appreciated :) 

Hey everyone! My wife and I are looking to buy a live-in flip property (off-market) from her deceased grandfather's trust. While I was speaking with a mortgage broker about rates, he mentioned that since we were related we could have home deeded to us to keep grandpa's tax basis. Does anyone know if we can keep the original tax basis if the family/trust were to deed us the house? Does this work if the house is in a trust?  Would we be able to cash out refinance the property once it was deeded to us to pay the trust? What are the general tax implications to this if we were to go through with it? 

Thanks for all of your help! I love this BP community!

Anyone with tips on hiring a construction project manager / management company?

My project was supposed to be finished by June but it has been falling behind, and with the economy opening up I need to do a 2 month travel that made me impossible to continue to be on site for the project, yet alone dealing with the headaches from the GC. The rough is done so we just need someone to manage the finish jobs starting with drywall, etc.

What are some of reasonable expectations for having a manager ? I want someone who can ensure the project stays on track (stop falling further behind), have the GC stick to the contract terms, and pay attention paid to the finishes.

I guess you didn't see the explanation provided in the 2nd post on this page. The city now requires you to accept any friend or relative they invite to move in with them, no credit check or back ground check allowed. 

Why would you turn down the first qualified applicant?

Seems like an inability to think logically about the situation to be honest. You define your criteria. Person applies, if they meet your criteria you accept them. If they dont, you deny them. This is how you should be doing things already.