As we embrace the future, let’s commit to using AI with our brains, not instead of them.

It shows that you are serious and committed.

I've also obtained a blanket loan commitment for $500K, which adds to my excitement and nerves, as I know these deals can move quickly.

So I committed to being the best landlord helper I could.

I did an initial search on Redfin, and it seems like most residential multifamily listings in LA that have any chance of penciling out would fall into class C real estate and come with existing tenants.

@John Lewis sounds like you need to get a commitment from the builders, put the land under an option contract, and then assign the contract to the builders.

As far as existing tenants, people can go either way on that.

That stuff adds up fast in both time and money, so it’s smart to get a contractor and architect who know multifamily and can do a walk-through with you before you commit.

The basic formula they use is:Property Value × 80% – Existing Mortgage = Potential HELOC Limit.If that number is under $25K, it’s usually not worth their time.

Some residential homes on the market have existing permits, and existing permits can be transferred, but again, you have to check with the city.