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Home Buying in West Hollywood : Real Estate Advice

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  • Local Info9
  • Home Buying19
  • Home Selling3
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Activity 11
Sarah Nixon, Renter in New York, NY
Tue Jul 12, 2016
Sarah Nixon answered:
Everyone who told you yes was absolutely wrong. No. No, 130k/yr is not enough for a 700k house. Not unless you have a 400k down payment ready.
0 votes 15 answers Share Flag
Cline567, Home Buyer in West Hollywood, CA
Tue May 17, 2016
Cline567 asked:
Nitish kannan,  in Beverly Hills, CA
Sat May 31, 2014
Nitish kannan answered:
Hi, I recommend you call me Nitish Kannan 321-482-7393

I work primarily with investors and flippers doing this type of thing. There are lots of rules, and regulations for construction including permitting. It's important to understand all aspects of the real estate industry and also instead of blindly remodeling to flip, improving critical parts of the home that adds maximum value. refinishing floors, new kitchens, and walk in showers and upgraded bathrooms are a must.


We work with good contractors as well. Please feel free to ask me any questions or to purchase property. I have many off market investment homes that have huge upside to flip.

Thanks

Nitish Kannan
www.nitishkannan.com
Keller Williams Realty Beverly Hills
Direct Cell- 3214827393
... more
0 votes 3 answers Share Flag
Von Bonilla, Real Estate Pro in Arcadia, CA
Fri Apr 25, 2014
Von Bonilla answered:
Hi Jeanne,

There are several lenders that may be able to help you. Feel free to contact me.

Thank you,
Von
0 votes 5 answers Share Flag
Daniel Penner, Real Estate Pro in Venice, CA
Mon Apr 21, 2014
Daniel Penner answered:
Using sales comps is a very effective method to come up with a good offer for a unit you may want to purchase. Knowing the market geographically, as well as statistically in terms of trends and timing also help this process. If you would like, I can help you find what you are looking for and work with you to make sure you are getting a good value and everything is done correctly. Please email me at daniel@310living.com and I'd be happy to help! ... more
0 votes 1 answer Share Flag
antonio.llen…,  in West Hollywood, CA
Thu Dec 27, 2012
antonio.llenado answered:
John, you need to find out if there is even a way to save a house that still matters to you before you resort to selling it. You may need advice on ALL your options not just from people who want to sell it from under your. You need to hear about loan modifications and bankruptcies that can restructure you finances and save what you might want to save. Our team of two short sale and foreclosure-prevention specialists have personally closed hundreds of shortsales between the two of us even before people knew what shortsales were. we know most major banks' quirks and policies and exploit the weaknesses in their systems to benefit the client because our sales are handled not by assistant processors, but we DONT EVER take on the listing until we first offer the client a comprehensive FREE consultation with our IN-house BK/foreclosure legal Partner/CEO who used to be a litigator FOR the banks at Sheppard Mullin . ( look them up). Also our head listing agent ( Alex) is so well versed in BK she's practically an unlicensed legal practicing as a strategic realtor. The legal advice from the in-house atty... is a free service that we give to all our potential shortsale clients because we think that short selling a home to avoid foreclosure is the last irreversible resort... and if we can find a way to save the client's home rather than sell it, then karma comes through business either through referral or on the legal end anyway . That's the strength of our practice -- the attorney's office is Literally married to the Real Estate office in more ways than one. This offering of a two-discipline consultation is the holistic path we tread everyday to really do what's right for the client. As a short sale specialist, i tell you, DO NOT short sell unless you are truly and fully detached from a toxic property. not when property values are rising 6- 10% annually as we speak.... and especially not when you can restructure the debt or force the banks on their knees to deal with you in the right BK filing ( 7, 11, or 13) or if your personal circumstances are better suited to a loan modification ( which our team also offers).

Wouldnt you rather hear from people who are more than just realtors trying to get at their commission?

Antonio Llenado
The Alex Group (www.alexgroupla.com) & Jaurigue Law Group (www.jauriguelaw.com)
323-403-7593
... more
0 votes 3 answers Share Flag
Endre Barath, Real Estate Pro in Beverly Hills, CA
Wed May 23, 2012
Endre Barath answered:
Daisy, I would absolutely advise you to get a Geology Report. If it is an issue of saving money and a quick answer call the Geologist who did the report in 1996 and have him give you an updated assessment.

Endre Barath,Jr.
homes@endrebarath.com
310.486.1002
... more
1 vote 8 answers Share Flag
Endre Barath, Real Estate Pro in Beverly Hills, CA
Sun Jan 2, 2011
Endre Barath answered:
Hi Al, working with many foreign Nationals, I am confident 45-50% down payment is realistic. The question is what will your reserves be after your downpayment? Will you have funds to make the monthly payments, taxes, insurance and Home Owner Dues and for how long? If the answers are favorable there are lenders I can guide you to who could get you a loan. If you need a Realtor who specializes with International Buyers, feel free to reach out to me. ... more
0 votes 4 answers Share Flag
Roger Perry, Real Estate Pro in Beverly Hills, CA
Wed Jul 7, 2010
Roger Perry answered:
Its quite easy, in fact...You get about 50% more for your money out here....approx US$1.50 = 1pound. And, there are lenders that work with international clients...I can assist in finding you the right property and put you in touch with the lenders that can set you up with the right financing.

Please feel free to email me: RPERRY@RogerPerry.com Or, Call me (310) 600 1553

Hope to hear from you.

Roger Perry
Realtor/Broker
Rodeo Realty, Beverly Hills
(310) 600 1553
... more
0 votes 6 answers Share Flag
Collen  and…, Real Estate Pro in Los Angeles, CA
Wed Jun 23, 2010
Collen and Ivan answered:
Hello Clueless Englander! Congratulations on the big step. 175K for land in Echo Park/ Silver lake may be very obtainable as for Los Feliz and in the Hills that might be a bit more difficult. You can find deals up in the hills but the problem is that affordable land is usually at an up sloping direction. To level out the piece of land would cost a fortune plus you can run into problems in the future. 150K a year in joint income is great and I'm sure that you can get a pre-approval but the credit issue might run you into some problems. Another issue due to the credit crunch being the way it has been for the past couple years, it might take a big longer to get one for a construction project. But if you’re looking for in the future like you mentioned underwriters will be more lenient by loosening the credit belt, but also keep in mind prices would have risen from then making a 175k land purchase a bit of a more challenging quest. If you need help with this venture fell free to send me a note. I'm also a certified public accountant (CPA) so we could figure out what we can do to make your purchase and project management more tax friendly to your wallet!

Collen & Ivan
Coldwell Banker Previews International
323.574.2317
Homes@CollenAndIvan.com
www.CollenAndIvan.com
... more
0 votes 4 answers Share Flag
Dorene Slavi…, Real Estate Pro in Torrance, CA
Fri Aug 8, 2008
Dorene Slavitz answered:
Dear Ray,
Lots of people do lots of things, but that won't protect you from putting yourself at risk in building an illegal deck.
Unpermitted building and illegal building is poor building. I hate to think of the liability that would exist, should someone be injured on that deck.
Take my advice, and check with both the City and also with the Fire Department, and base your decision on what you discover there.
I would not entertain any thought about building until legal permits could be obtained, and the deck build by licensed contractors.
... more
0 votes 3 answers Share Flag
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