All Forum Posts by: Account Closed

Hello everyone, I am currently writing my first commercial offer in Fallbrook Ca on a 21 unit apartment, asking price is 2.8 million. How long is the typical due diligence on a property like this?

Jo-Ann, 

ADU is the exact route I am going to take. I have been speaking with the planning board. I forgot to post earlier, the property is actually in Escondido, CA.

Kyle,

Thanks for the information.  Do you currently live in Temecula? 

Hello everyone,

I am in the process of purchasing a 3bd/2ba with a detached 1bd/ba. However, the 1bd/1ba was not permitted.  I would appreciate any feedback on the process of having a property rezoned from R1 to R2. I contacted the city and have a full understanding of how to have it permitted, it is just the zoning that concerns me.  Thanks in advance, Aaron.  

Takeaways: 

Rents are down in NYC and SF, but have still climbed in such cities as Sacramento, CA and Riverside, CA.  

By historical date, there should be a recession coming

http://www.wsj.com/articles/u-s-cities-see-apartme...

What area of Newark do you own in?

Hello everyone, I just moved back to NJ from CA and have been looking to invest. I am interested in Newark and possibilities for buy and holds. I anticipate moderate gentrification of the area, but am not sure on the timeline. If anyone is currently investing in Newark I would appreciate any insight. Thanks in advance.