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Home Buying in El Sereno Car : Real Estate Advice

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Activity 5
Sat Feb 7, 2015
David Melford asked:
Wed Nov 20, 2013
Jamie Tian answered:
Hi Christian,

I am very familiar with the El Sereno area and I would be happy to assist you in your home search here.

Please contact me at (310) 717-1321 or via email at JamieTian@RodeoRE.com and I would be happy to email you a list of properties that fit your search criteria and price range, and set up viewings for any properties you might be interested in.

Feel free to contact me anytime with questions related to the home buying process.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
www.JamieTian.com
BRE #01920120
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1 vote 4 answers Share Flag
Thu Jul 25, 2013
Joshua Gonzales answered:
The market recently has become Tricky.. If you need some help on listings in the area, i happen to work exclusively in 90032 El Sereno, and 90063 City Terrace... I'd love to help!

Joshua Gonzales
Real Estate Heaven
(213)300-3032 - Mobile
Gonzales.Joshua@Gmail.com
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0 votes 3 answers Share Flag
Wed Jul 25, 2012
Darrell D. Drouillard answered:
Something is way off, because the settlement statement includes all closing costs, prepaids, and down payments as one accounting sheet with a total value to bring to the table. If you're putting 20% down, that is already $32,600. There are so many variables on the rest of the closing costs that it's best to have this discussion with your agent.

Are you escrowing the taxes and insurance? If not, then you will need to prepay a year insurance and provide 2-4 months advance for taxes and insurance as well and all are part of your closing costs. The survey is part of your fee if you didn't negotiate for the seller to pay. The appraisal is part of your fee. The title police can be negotiated for either side to pay. A lenders title police would be yours. Recording fees would be yours and then there are flood certificates, underwriting fees, loan origination charges, etc....

You can negotiate for specifics such as Title Policy or Survey or you can ask for a blanket value to cover some of your closing costs up to the cap value of the loan type. The actual costs separate from the down payment can vary greatly depending on the type of insurance, the need for flood insurance, the tax rate in your area, etc...I recommend sitting down with your agent to go over the settlement statement. Good Luck.
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Tue Jul 13, 2010
Sky Minor answered:
I do it myself to save the 8% monthly and other fees that management companies charge. I've found that you can fix nearly any property problem yourself if you just watch youtube instructional videos. (Totally serious here folks). Add to this that most property management companies have a tendency to begin "skimming" and padding extra expenses in every month to absent owner's accounts and the owner's bottom line gets a bit leaner.

Do the numbers. If you have a building earning $3000 a month or $36000 a year, paying a property manager 8% is like $2880 per year. If you work 10 hours per month on each property (which is alot-this time figure does not include any maintenence work) then that time works out to $24 per hour. Is it worth $24 per hour to farm out?
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