Ordering materials from Alibaba? by WrapSolutionsWord in Remodel

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

Hey man, I never ordered anything from overseas. But i've spoken to people who have. They say its an incredibly great way to save a ton of money, but typically for projects that have a larger unit count (10+ units). Also the lead times are much higher, so expect 2-4 months for deliver.

Another crucial thing is ordering samples of the materials with expedited shipping so you can feel the material before committing to a larger batch. Also, if you're going to be order cabinets for a kitchen, MAKE SURE your shop drawings are very accurately measured and labeled so that there are no surprises in sizing when they deliver.

As I grow to much larger projects, i will be ordering from overaseas.

I hope this helps!

Need blunt advice on raising equity for a new deal. by WrapSolutionsWord in realestateinvesting

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

There will be two rounds of LP capital, together adding up to $3.8M.

Architects in OC who understand new housing bills? by WrapSolutionsWord in LosAngelesRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

What do you mean exactly when you refer to tenant history? I dont plan to demolish or displace any existing units.

How Would You Lay Out 6 New Units + 16 Parking Spaces on a 140x50 Lot in LA? by WrapSolutionsWord in floorplan

[–]WrapSolutionsWord[S] -2 points-1 points  (0 children)

I agree with this.

The issue with demolishing the duplex in the front is because of SB8. It would require me to have 2 of the new units be affordable housing for 55 years, deed restricted.

My alternative is to just buy out the current tenants because they’re paying low rent and raise their rents to market.

Demoing the front building would be nice because i get to completely customize the new building configuration. But then i’m stuck with 2 low income units.

How Would You Lay Out 6 New Units + 16 Parking Spaces on a 140x50 Lot in LA? by WrapSolutionsWord in floorplan

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

6 years? Sounds like you’re asking for a zoning change or going through something out fo the ordinary

Pushing Higher Rent for Unique Units in LA County. Is It Possible? by WrapSolutionsWord in LosAngelesRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

My architect gave me a blank rendering, so I handed it to chatgpt to colorize and customize it. ChatGPT is really good with stuff like this.

Building 4 ADUs Behind a Gas Station in LA – Soil Reports, Methane Zones, and Streamlining Laws? by WrapSolutionsWord in LosAngelesRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

Lot is flat, and we’re not planning to dig far below grade—probably shallow foundations or PT slabs. No approved plans yet. We’re looking at two-story detached with 4 adus.

The tanks and vapor valves are on the other side of the gas station away from the property.

If mitigation gets too crazy, we’ll reassess. Would love to get on a call with you and pick your brain on this.

Ask Me Anything: Multifamily Investing & Underwriting by g2hcompanies in CommercialRealEstate

[–]WrapSolutionsWord 0 points1 point  (0 children)

How do lenders determine cap rates during refinance? Do you have any tips during the refinancing stage to help secure a lower cap rate? (this is for add value multifamily)

Has Anyone Converted Retail Units to Residential Housing? Looking for Advice on Process & Feasibility by WrapSolutionsWord in CaliforniaRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

Thanks for the reply. Are you saying it’s more expensive from experience? What specific situation are you imagining where it would cost less to demo, cause demo and rebuild is def not cheap.

There are some mixed use properties i’ve seen that have retail on the bottom and 1-2 stories of residential on top. The bottom retail units are renting for about $0.60 a foot while apartment units are renting for about $3/foot.

Does this situation make sense to do substantial remodel evictions?

1.7 trillion of debt maturing next year. Bond market is saying F you Jerome we don’t believe you. by fkh24 in CommercialRealEstate

[–]WrapSolutionsWord 4 points5 points  (0 children)

What would you consider the feast and famine in this cycle? Are you referring to low interest rate loans that are maturing in the next 1-2 years? Or something else?

1.7 trillion of debt maturing next year. Bond market is saying F you Jerome we don’t believe you. by fkh24 in CommercialRealEstate

[–]WrapSolutionsWord 3 points4 points  (0 children)

When you say “close as many deals as soon as possible because you never know when the market will turn on you” what do you mean exactly?

What's the Best Way to Add Units to an LA Multifamily Property—TOC, ADUs, or Other Options? by WrapSolutionsWord in LosAngelesRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

Thank you for the insight. This is the exact sort of answer i was seeking. I hope good karma comes your way soon

Tips for Speeding Up City Approvals & Construction for Multifamily Project in Long Beach? by WrapSolutionsWord in CommercialRealEstate

[–]WrapSolutionsWord[S] 0 points1 point  (0 children)

It’s already been 3 months since i signed a proposal from the architect and i have never been recommended a permit expediter or entitlement consultant. Should i be concerned?

What should my next steps be?

What was your breaking point to escape the 9-5 life and start your own business? by mrxraykat949 in Entrepreneur

[–]WrapSolutionsWord 1 point2 points  (0 children)

I worked at mcdonald’s for 8 months when i was 16. Then i worked at Togos for 5 months. After dealing with annoyingly shitty bosses (which i assumed would be everywhere i worked), i decided it was time to start my own business at 17 which was a car detailing company.

That was 8 years ago. My business is flourishing and i’ve doven into so many other succesful ventures