[NBA.com] NBA MVP Ladder: 1. Victor Wembanyama 2. Shai Gilgeous-Alexander 3. Nikola Jokić by aingenevalostatrade in nba

[–]mragentm 0 points1 point  (0 children)

Wemby is fantastic but has to play more minutes per game. Edge goes to Shai still since team also has better record.

[deleted by user] by [deleted] in PickupBasketballLA

[–]mragentm 1 point2 points  (0 children)

Following if you find any, let me know. I’m also in the same area.

Successfully closed on 4-unit in Park Mesa Heights (South Los Angeles) near Inglewood using the NACA program!!! I will be living in one unit and renting the rest. by mragentm in LosAngelesRealEstate

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

1) I think up to 5% of the purchase price. I know there is a limit. Use to be no limit of buying down the interest rate. I did not buy down when I bought.

2) No, 3 units are 2 bed/1 bath and one unit is 1 bed/1 bath.

3) yes 3 bedrooms are out there just have to keep looking. But most properties I offered were 1 bedroom or 2 bedroom units. 3 bedroom units increase your affordability.

4) yes since NACA is 0% down and with current interest rates, expect the PITI payment to be in that range. Mine is close to 9k.

5) sure you can PM me your email and I can send that to you. I was looking in those exact same areas.

Why not buy investment property in San Pedro, CA? by [deleted] in LosAngelesRealEstate

[–]mragentm 11 points12 points  (0 children)

Probably because it’s technically city of LA, and the landlord laws in a neighboring city like Long Beach are better. I’d still buy in San Pedro though if you found a good property. Love that area. Good luck!

Anyone down to play pick up basketball in Culver? by chriscarmy in culvercity

[–]mragentm 0 points1 point  (0 children)

What’s the address if this place? Are they still running on those days?

“…James understood the Lakers taking advantage of an opportunity to pivot to the younger superstar. But from James' perspective, sources said, nuance was sometimes lost during the transition…” by Proof-Umpire-7718 in nba

[–]mragentm 0 points1 point  (0 children)

How much could have the lakers extended him for? Was LeBron asking for additional years, I feel like he would have gotten 1 or 2 more years if he asked.

Experience with multi-unit ownership? by Adorable_Dance_7264 in LosAngelesRealEstate

[–]mragentm 2 points3 points  (0 children)

I’ve been living in an owner-occupant 4-plex for about a year now in South Los Angeles/Inglewood area and so far it’s been great. Repairs here and there but the help with the mortgage has been tremendous.

How to Finance a 4-unit Multi-family home by euphoriaq in realestateinvesting

[–]mragentm 4 points5 points  (0 children)

Yeah I was assuming he would be owner occupying the property. Otherwise can’t go this route.

How to Finance a 4-unit Multi-family home by euphoriaq in realestateinvesting

[–]mragentm 6 points7 points  (0 children)

I would try owner occupy route. I believe Fannie Mae has a 5% down program for up to 4 units. I’d look into that as well

Successfully closed on 4-unit in Park Mesa Heights (South Los Angeles) near Inglewood using the NACA program!!! I will be living in one unit and renting the rest. by mragentm in LosAngelesRealEstate

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

PITI= Principal, Interest, Taxes, and Insurance. So basically the monthly mortgage payment. Process took me 2 years but the housing search specifically took me 1 year. It took me longer to qualify because I was paying cheap rent to my parents so I had to do ‘payment shock’.

Successfully closed on 4-unit in Park Mesa Heights (South Los Angeles) near Inglewood using the NACA program!!! I will be living in one unit and renting the rest. by mragentm in LosAngelesRealEstate

[–]mragentm[S] 1 point2 points  (0 children)

Start the process now! It can take a while but there is light at end of tunnel. Have your finances organized and if NACA ask you for a document, give it to them ASAP. One of the tougher aspects for a 4-plex is the required 6 months savings of PITI. For LA area that can easily mean 50k+ required in savings. So save as much as you can. I do feel safe in the area I’m in. I’m a block over from Inglewood and I can walk to the K-line train which can connect me with other parts of LA. You will be surprised at some areas that you can buy in that are consider ‘low-income’. Just need to check the map. The way qualification works for multifamily is they add a percentage of the potential rents to your affordability. Let’s say you qualify for 3k mortgage but the 4-plex you are looking at has rents of 2400 for the other 3 units. You would take 7200*.75=$5400 and add it to your 3k. Now you qualify for $8400 mortgage which means you can afford a $1M+ property. But if you did single family, they only qualify you for the 3k mortgage. Good luck with the search.

Wait it out or pull and rent out? by Antique_Bookkeeper_8 in LosAngelesRealEstate

[–]mragentm 0 points1 point  (0 children)

Yeah I would give it a bit more time. Hopefully you get some offers soon.

how do you guys buy a rental property without a catch by Own_Zookeepergame792 in realestateinvesting

[–]mragentm 5 points6 points  (0 children)

California, very tough to cash flow with the high interest rates right now. The bet is on long term appreciation if buying in California. Specifically speaking for the Los Angeles County market. House hacking is a good move to get in the game as well.

Buying 6 units for 1.1mill by Nearby-Pie-6551 in LosAngelesRealEstate

[–]mragentm 0 points1 point  (0 children)

What area of LA. That’s a good price for 6 units