Apartments for Cheap

Questions and Answers

Your Questions About Low Rent Housing In Los Angeles

June 2, 2013

Nancy asks…

35.00 a month rent low income housing in Los Angeles?

somebody told me in A lady in Los Angeles is paying about 35.00 a month in low income housing is that possible?

Administrator answers:

If she is in income based housing, yes I suppose its possible anywhere. Income based housing bases your rent upon your income and expenses. But….something sounds fishy there. I mean, it costs more than that to live in the ghetto (which if this is true, she DOES) where I live, and my area is nowhere near as expensive as L.A.

Although something tells me L.A’s ghettos are probably worse. Maybe it evens out.

Ken asks…

Los Angeles – rent or move to some random city and buy a house someday?

I live in Los Angeles and want to buy a house someday. However, I am torn between staying in Los Angeles and probably renting for the rest of my life (can’t afford to buy a home) or moving to more of a low key city and being able to buy a home. I have friends who live in small cities and are paying as much as I pay for rent to live in a big house. I’m in my mid-20’s and single. I like LA, but I’m wondering what you think: are there other cool places out there that also is a great place to buy/rent a home and raise a family someday or is Los Angeles the place where it’s at and totally worth it. What do you think?

Administrator answers:

In the midwest, even before the housing issues of late, a decent salary could see you living like a king or queen. A good house, for under $130,000, could be had with good credit for a salary of $30K. I know this personally. I’m not talking the weird subprime loans either, but solid bank financing.

Laura asks…

Possible to get low rent in Los Angeles area and NOT be in a bad neighborhood?

I’m just wondering because I am in my fourth year of film school, and considering moving there after I graduate.

I know that some neighborhoods are better and some are worse, but I am wondering – Is it possible to get below $700/month anywhere in the Los Angeles area without being in a cess-pool?

Administrator answers:

HAHAHAHA!

Sorry… I had to laugh. The only way to find a decent place for $700 is to rent a room out in someone’s house or apartment. That might not include utilities. And you might not be guaranteed to not find a bad neighborhood.

My luck ran out in February… I was paying $700 in Studio City in a pretty nice 2bd/2ba, sharing with someone who was nice enough to charge me a flat fee. We had mutual friends and it was someone I knew socially, so it was not entirely a risky proposition. Then he decided to move, and I found myself without a place to live. Everything I’ve found for $700 or less was somewhere I wouldn’t send my enemies to live.

Check out Westside Rentals http://www.westsiderentals.com/Default.cfm

Good luck!

Mandy asks…

is it easy to rent out your home in Victorville CA?

Is there any expert to answer my question. Im thinking to buy a house (Single Family) in Victorville CA. The house prices are very low compare to Los Angeles properties (where I live). I would like to buy a property in Victorville and rent it out to make money. Is there any risks that you may want to advise me.

Administrator answers:

I live in Victorville. I own a house in Victorville. I was going to rent my house out in Victorville.

My house is a very typical newer construction track home situation with 4 bedrooms/2 bathrooms/ 1700 square feet/completely landscaped.

I bought it 2 years ago @ 107,900 and my mortgage including escrow/taxes/insurance/etc is $800…with today’s interest rates it might be less. My house has received a number of applicants at $1250 a month but maybe $1100 is a more realistic price.

I researched management companies…and they generally want 5-800 every time it has a vacancy to fill and 8% each month.

Using my house as an example–one without a lot of maintenance, turn key, etc…you do have a spread to work with…but you aren’t getting rich or anything.

I agree with the first guy…do your home work, and consider paying someone to manage your property…you might not make a lot of money after management costs, maintenance, and repairs…but you are using someone elses money to pay off an asset that belongs to you!

Good luck.

William asks…

How much did you have when you first move to Los Angeles?

I’m moving to Los Angeles this Dec. I am a certified nursing assistant and only have about $6,000 saved. I’ll be staying at my father’s house there. No rent charge or anything. I’ll be attending Vocational Nursing school there as well. And I’m 27 years old.

Administrator answers:

Make sure that you keep enough saved in case you have to move out, things don’t always work out with family. Try really hard to make it work as long as it can, pay some rent and for groceries, be helpful, etc. And look around to see the prices on apartments so you’re informed, about $800 for a studio will be the lowest, you’ll need first and a deposit equal to one month’s rent, plus some smaller fees. Landlords will also want to see a good credit and rental history, and that you have had a local job for awhile.

It may take you awhile to get hired as a CNA unless you have a year or more experience, as there are lots of newly trained CNAs here, so pay is lower than it was a few years ago. Unless you’re making about $15+ an hour, it is impossible to live on your own here (and it is very hard on $15 an hour), minimum wage is $8, many new CNAs make $10 an hour.

Will you be attending a community college for LVN? You should look into that rather than one of the for-profit technical schools, there are many CC’s in LA and surrounding cities, but not all will offer LVN programs. Even though you will be paying non-resident tuition and fees (around $5000 full time for 2 semesters), it will be much less expensive than a for-profit school. Some CC LVN programs have very specific application dates, so check around early so you can plan. Also, some community colleges have LVN to RN (ASN) bridge programs. It’s tougher to get an RN job now in LA as a ASN, BSN is becoming preferred, but it’s a start, and there are RN to BSN or MSN programs.

CA Community Colleges http://www.cccco.edu/

Good luck!

Charles asks…

How would I get enough money to move to Los Angeles CA?

I’m 15 I want to move to Los Angeles CA. There are really good makeup schools there. And I’m nterested in become a makeup artist. But I’m in a small town in Utah & I’m a teenager so I can’t really make good money to get started.

How can I make enough while I’m a teenager to move there and MAYBE go to school there when I move out of my parents house?

Administrator answers:

That’s going to be very tough, but maybe you can learn skills now, and work at a cosmetic counter at a department store or some where else selling cosmetics? I don’t know if it’s still true, but they used to pay commission at department store make up counters.

Look into colleges that have theatre make up training or something of the sort, you may be able to get financial aid. Local (in state) colleges are better, as the cost will be lower and you will be eligible for more aid in your home state.

See if you can get your cosmetology license, look to see if community colleges or adult schools in your area have reasonably priced cosmetology programs. You may be able to make more cutting hair than you would working a typical entry level job. There may even be a program you can start as a high school student.

Just so you know, minimum wage is $8 an hour in LA, and a low end studio apartment, probably someplace you wouldn’t want to live, is $800+ a month. So if you could get full time minimum wage hours (many employers only give 30 hours so benefits don’t kick in), you could only pay for your rent and some food! Nothing else!

For some inspiration, here is an extremely talented high school make up artist, she’s going off to a prestigious art college in the fall, she is also a very talented artist. There are links to helpful info on her blog: http://tigerlilymakeup.com/

Good luck!

Sandra asks…

Is downtown Los Angeles a safe place to live?

I am planning on going to the University of Southern California this upcoming school year and I am wondering if downtown Los Angeles is a safe place to live?

Administrator answers:

No, it is not safe around USC. The only safe off campus housing is USC housing where they have the security patrols. Local parents (especially those who work at USC and know what really goes on in the neighborhoods) have a rule for their USC kids, no stopping when driving from USC back to home, etc until you get into a safe neighborhood. No stopping for gas, fast food, whatever.

Downtown is not a safe area to live. The only sorta safe area in downtown is where all the tall commercial buildings are and that isn’t safe after dark. There are some nice new apartment/condo buildings (often used by business for out of town clients), where you’re likely safe if you never walk outside, but you still have to drive through unsafe neighborhoods and the rents are expensive. Low rent means questionable neighbors. Also, many people living in the area aren’t going to report crime to the police, they don’t trust the police, so many crimes go unreported.

They have tried gentrification several times around USC, but it hasn’t worked. However, USC has a huge project in the works that will likely change things, but it won’t happen for quite a few years.

Safety info:
http://projects.latimes.com/mapping-la/neighborhoods/neighborhood/university-park/crime/

Michael asks…

Is it possible to buy a home today with a credit score of 660?

In the Los Angeles/San Fernando Valley region homes are 450,000 plus. I can muster 5% down, but with my credit score am I just dreaming about buying a home or do I have a chance?

Administrator answers:

As you may or may not know it is very difficult to buy a house now for people with low credit scores (less than 700.) The stock markets are falling and companies are failing because they lent money to people who were not creditworthy at ridiculous rates they could not afford. So to be blunt you don’t have a lot of opportunity now as it stands, but that’s not to say there isn’t hope. First let me say that for you it may be cheaper and more financially sound for you to rent until you either get a better credit score or the housing economy improves again (which can take years). Fixing your credit score though won’t take as long so focus on that for now.

It doesn’t take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score — likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks.

Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year:

1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)
2. Never Miss a Payment, Starting Today
3. Never use more than 20% of your Available Credit
4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones
6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
9. Take out a Small Personal Loan and Repay it Over a Year
10. Ask Someone With Good Credit if They will Account Shadow you

When you’re trying to build a solid credit score it’s important to get a comprehensive view of what is actually effecting it…

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

* 35% – Payment History
* 30% – Credit to Debt Ratio
* 15% – Credit History
* 10% – New Credit
* 10% – Credit Types in Use

If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.

You can read more about these tips on my blog:
How Can I Increase My Credit Score

* http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/

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