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West Los Angeles : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions1

Activity 17
Thu Apr 30, 2015
Dan Tabit answered:
Jillontoast,
If you want to buy a home for your own use and plan to live in it for a few years find a home you love at a price you can afford and enjoy. Markets change, they go up more than they go down, but both can happen as we've all seen. In my experience over a 10 year period things work out even if you bought at the peak, provided you can afford the home and need a place to live.
If you are trying to time the market as an investor, you need to listen to other voices. That's a specialty and it will always come down to what house, at what price, in what condition and what can you do with it.
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0 votes 2 answers Share Flag
Fri Apr 10, 2015
My NC Homes Team answered:
This is really a question for your local post office. Ask them.
0 votes 1 answer Share Flag
Sun Feb 8, 2015
Dorit & Joel Cooper answered:
It is highly recommended to speak with a licensed mortgage broker and thereafter have a conversation with your accountant. It is important to speak with your accountant as you may be able to write off property taxes and interest on your loan and should have preliminary conversation about pros and cons relating to your financial house. ... more
0 votes 10 answers Share Flag
Wed Jul 16, 2014
Jacqui Rum answered:
Hey Belle,

I'm the #RentalQueen, check me out on Facebook.
Email me what you are looking for and I'll send you what I have.
jacqui.rum@gmail.com
0 votes 2 answers Share Flag
Fri Feb 7, 2014
Cindy Davis answered:
Good question. I've been at this for a number of years, and truly have only gotten a handful of clients out of it. I would not use Trulia for leads.....it's just about exposure...

Good luck. ... more
1 vote 1 answer Share Flag
Wed Nov 6, 2013
Dorene Slavitz answered:
Hi Jean,
I would look for a "single level" home for you, or a single level condo (they do exist).
. I would also put you in touch with my contractor who specializes in accommodations. He installs grab bars and hand rails and other conveniences that make life with a disability easier. You will most likely have to add these to any older home you find. The newer Condo developments will have some features, but rarely will you find the grab bars pre installed. ... more
0 votes 5 answers Share Flag
Wed Sep 18, 2013
Dorene Slavitz answered:
Dear Antonio,

I don't know what the problem is, you have enough to find a home in the West Los Angeles area. FHA can be a block for some sales, but not necessarily. There are not as many short-sales available, with you may not need to go that route. I just looked at a home for one of my buyers yesterday, in a very nice area that was in the $600,000 range.
The only thing I can think of is that some agents do not work with buyers, but prefer to work with listings only. Others have taken the time to sharpen their skills and become accredited "Buyer Representatives". They work a lot with buyers, including first-time buyers and they love it!
That's what you need, a really excellent, pro-active, and hard working "Buyer Agent" to help you.
IF you are still looking feel free to email me or call directly. I would be happy to discuss your needs.
www.doreneslavitz.com
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0 votes 13 answers Share Flag
Fri Jun 21, 2013
Dorene Slavitz answered:
Dear Julie,
I recommend you look at Westchester area (Los Angeles 90045) for a rental situation there. Many of the students will lease together and share expenses. The neighborhood is accustomed to this and there are homes with 4-5 bedrooms in the area. Most of the students do have a co-signer on the lease, so they will expect that from you. Normally it is a parent, but perhaps you have another relative who would do it for you. ... more
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Mon May 27, 2013
Michelle Menna answered:
Yes, near universities is a reliable place to buy a home. You will always have a pool of renters and they will change pretty regularly so that you can actually raise the rent in-between and see more return on your investment. Your limitation is how much of a home you can buy. With $100K down payment, and keeping your condo, you most likely won't be able to get an 80/20 loan. As an investment property, you will only be able to get 75/25, or 70/30. Based on these formulas, you cannot buy near UCLA, but you could near USC or CSUN. You will not be able to buy a home near the beach. I would be happy to assist you further, but of course, need your phone number and email. Let's meet in-person as soon as possible to get started.

Regards,
Michelle Menna
Keller Williams Larchmont
(323) 272-6657
michellemenna@gmail.com
www.michellemenna.com
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0 votes 2 answers Share Flag
Fri Jul 22, 2011
Femmeinla asked:
I'm very responsible, have worked all of my life, but lost my home to an unscrupulous mortgage company. I'm currently on SSI, so I have an income. West L.A. is my preference.
0 votes 0 Answers Share Flag
Tue May 3, 2011
Anthony Vu answered:
You'll need to check the CC&R ( covenants, conditions and restrictions) of each HOA (home owners association) to see if they allow for an inside laundry unit. If the HOA doesn't allow, you may still be able to install an inside laundry unit by getting an approval by the HOA board. I'd have your agent look into which condos would possibly allow, and maybe go from there. ... more
0 votes 6 answers Share Flag
Fri Apr 15, 2011
Terri Vellios answered:
2Lynn, in California, very few listings are put on the MLS for rentals. Most of them are pocket listings.

I commend you Juan for reaching out to the public here, Craigslist and Trulia has some fake rentals listed so it is difficult for renters to find a home. Also, because someone may have a listing for sale, but haven't thought about renting it, yet.

Juan, give this a try... search the MLS for homes which are not short sale and not REO which are vacant and approach the listing agent regarding the possibility of a rental.

Good luck.
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Tue Sep 28, 2010
JD Songstad answered:
I would assume that the contract would be expired by now so you should no longer be obligated to use them. Look over a copy of it just to make sure and tell the agent that it's just not working out. Even if you are still under contract with them they should be willing to terminate the contract if you are not happy but make sure you get a signed cancellation (if the contract is still active). ... more
0 votes 12 answers Share Flag
Wed Sep 8, 2010
Ron Escobar - Local Expert answered:
Though section 8 is a great program, a lot of landlords shy away from it, because the added issues concerned with he city inspecting their property and telling them what to do... (Few people like the city telling them how to run their building)... this comes in the form of an annual inspection by section 8.

One of my clients loves to rent his apartments to section 8 tenants... I will be glad to put you in touch with him... just email me
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0 votes 3 answers Share Flag
Fri Sep 3, 2010
Dorene Slavitz answered:
Dear Necia,
The best thing you can do is to retain an excellent buyer agent to work with you in the purchase of your property. An excellen buyer agent will search ALL available properties for you that meet the criteria you have given to them. Those of us who are full time agents spend hours looking and previewing property for our clients.If you only want foreclosure property, just let your Agent know this as well.
Best of Luck to you!
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0 votes 7 answers Share Flag
Sun Jul 19, 2009
Anthony Vu answered:
Yes, you should have a lease. That will clearly state all the rules and reduce any liability for you. You should also do a thorough screening of all applicants (ie, credit history, employment, references, etc.) For me, this part is most important as you do not want to be stuck with a bad tenant. You can google online or even go to www.westsiderentals.com to find a free lease agreement or rent application.

Definitely ask for a deposit, it's like "insurance" (ie, tenant doesn't pay rent or tenant moves out and makes damages, you can take out of their deposit). You can ask for first & last month's rent. But keep in mind, you may have to be flexible. You might be in a situation where no one can afford 1st/last month's rent, deposit, moving cost, etc. so you could work out a payment plan, etc.

This is just the gist, but I hope it helps. Good luck.
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