90041 : Real Estate Advice

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Sally Grenier, Real Estate Pro in Longmont, CO
Sally Grenier answered:
How do I get my broker account set up? Somehow I am listed as a buyer, not a real estate agent.
Probably have to start over? You'll need to input your MLS info, agent ID, etc. Or ask your managing broker or office admin.
0 votes Share Flag Mon Jan 25, 2016 Agent2Agent in 90041
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
In Los Angeles, CA - I have a few questions about buying under market value
I don't see any reason why the bank would have an issue with your getting a great price on a house.I believe your loan is fine for renovation work, but adding a rental income property t ... more
0 votes Share Flag Tue Jan 19, 2016 Home Buying in 90041
Brad, Home Buyer in 91602
Brad answered:
General Contractor experienced w/203K Loan in Los Angeles County?
I see you posted this a few years ago, did you follow through with an LA area 203k contractor? Looking for someone myself...
0 votes Share Flag Sun Feb 10, 2013 Remodel & Renovate in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
How much should someone pay for a mortgage modification?
NOTHING. Go to Operation Hope, Acorn or other non-profit agencies for a loan modification. Be ready to do alot of the work on your own, which is usually the best way to get it done. (If ... more
0 votes Share Flag Tue Jan 10, 2012 How To... in 90041
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
has anyone done a short sale where the 2nd lien is a heloc from the california credit union - have they been good to work with - did they accept 3k
DO NOT PUT $3K ON YOUR HUD, you will waste time & it will be rejected.

Do not offer any less than 10% if this was a "purchase money HELOC option" where none of the HELO ... more
0 votes Share Flag Fri Oct 14, 2011 Foreclosure in 90041
Paul Welden, Real Estate Pro in Tempe, AZ
Paul Welden answered:
Working with 203K loan for first time. Escrow is open, 203K consultant working on his report. I need to find contractors that work with the 203K in LA
Certified 203k Contractors are located in the 203k Contractor Directory.

-----
203kContractors.com®
Contractor Directory for the FHA 203(k) Loan
(480) 463-4663
0 votes Share Flag Sat Dec 25, 2010 Remodel & Renovate in 90041
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
why are some of your for rent houses very cheap? what's the catch?
Mona
There are quite a few new condo and townhome projects that have decided that rather than sell, the developers have opted to lease them. Their hope is that the market values will ... more
0 votes Share Flag Tue Apr 13, 2010 Market Conditions in 90041
CMRS Constru…, Real Estate Pro in Los Angeles, CA
CMRS Construction Inc answered:
Are there any General Contractors experienced with 203k Loans in LA County?
We have worked on quite a few 203K projects in LA and also reverse morgage re builds, we are registered with Wells Fargo and B of A. All projects have stayed in budget and all home owne ... more
0 votes Share Flag Wed Mar 31, 2010 Home Buying in 90041
Sky Minor,  in Los Angeles, CA
Sky Minor answered:
does anyone know a good designer?
Yes! I just did a craftsman remodel of a classic 1911 Eagle Rock home on the cheap. Send me an email and I will tell you who I used.
0 votes Share Flag Tue Mar 23, 2010 Remodel & Renovate in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
Is there a firm that can help one who bought near the peak to reduce his property tax bill in L.A. County?
Hi John, as mentioned before you don't need to pay anyone to do that. I just did it myself for a property I own that went from 700k to 295k. (Silver Lining of this cloud-much lower ... more
0 votes Share Flag Fri Mar 12, 2010 Market Conditions in 90041
Raphael Guer…,  in Mount Washington, Los...
Raphael Guerin answered:
Is it possible to do an fha with 3.5% down on a 2-4 unit in LA (i live in 90041 right now) and actually get enough income from the other units to pay?
The key for you besides having an excellent lender is weather or not the units are vacant or rented. Vacant will allow you flexibility in many ways. Units that are occupied may be hard ... more
0 votes Share Flag Thu Mar 11, 2010 Home Buying in 90041
Jacob Varghe…, Other/Just Looking in San Jose, CA
Jacob Varghese answered:
I'm trying to get preapproved for an FHA and/or 203K Loan and I keep getting varying amounts.
You can do the calculation using the Affordability Calculator at the link below.

Please feel free to contact me with any questions that you may have.
0 votes Share Flag Mon Aug 31, 2009 Financing in 90041
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
Any recommendations for loan modification experts in the L.A. area? Home likely under lender value.
Yes! I have an excellet person I have worked with in the past. Send me an email or call me for that referral.
0 votes Share Flag Wed Jul 15, 2009 Home Selling in 90041
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
Experienced realtor who's snobbing, insulting but good at selling homes?
How funny!
Well..you have to have some respect for the agent you are working with because it could take a few months to sell your home, they will be selling your home and giving you a ... more
0 votes Share Flag Tue Jun 16, 2009 Home Selling in 90041
Monique & Joe…, Real Estate Pro in Los Angeles, CA
Monique & Joe Carrabba answered:
How does one determine if a property in the city of L.A. is in REAP??
Hey Sky,

Call the Department of Housing. They will confirm with you if it's in REAP and or has violations and is pending being in REAP. It also may show up on the title report (which ... more
0 votes Share Flag Fri Apr 24, 2009 Quality of Life in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
if i were to purchase a duplex for 185,000 what would be my down payment . 90041 area
You've got to get at least 3.5% down Joe. That's $5550.
1 vote Share Flag Tue Apr 14, 2009 Home Buying in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
can anyone tell me how much my monthly payment would be if i purchase a duplex at 195,000?
Joe, if you got 20% down your total payment including Tax and Insurance would be 1034.

If you do FHA and only put 3.5% down total payment is 1256.

Both of these are 30 year fixe ... more
0 votes Share Flag Tue Apr 14, 2009 Home Buying in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
What is the lowest asking price i can give for a duplex property in the 90041 area.?
$1.

And watch the seller laugh.

Just because you give it doesn't mean he'll take it. If you're serious about getting this property for the lowest price available, I've got a few ... more
0 votes Share Flag Tue Apr 14, 2009 Home Buying in 90041
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