All Forum Posts by: Andrew Greer

Real Estate Mastermind amongst Agents and Investors looking to grow their business through investing!

Real Estate Pro Mastermind Is back for JUNE and ALL ARE WELCOME (Until we sellout)!

Come and chat with your Real Estate PROs in Buy/Hold, ADUs, Multifamily, In-Fill Dev, etc.

We will also have a hard money lender, construction co, design/planning firm, title rep, and property management present!

If you're in real estate and want to grow your knowledge and tool box - don't miss this event, space is limited!

And yes, there will be drinks!

Join us for BrewRE Summer Bash! San Diego's top networking event at Freedom Boat Club!

BrewRE: San Diego's Premier Real Estate Networking Event

Date: June 20th
Time: 5:30 PM - 7:30 PM
Location: Freedom Boat Club at Dana Landing: 2620A Ingraham St, San Diego, CA 92109

Calling all real estate professionals, investors, and industry enthusiasts! Get ready to elevate your networking game at BrewRE, the ultimate gathering for San Diego's real estate community.

Join us at Dana Landing for an evening of connection, collaboration, and celebration against the backdrop of San Diego's breathtaking waterfront for a Summer Bash!

As a special treat, we will be offering two complimentary drinks to all attendees, courtesy of Cheat Codes. Sip on your favorite beverage as you mingle with like-minded individuals and forge valuable connections that can propel your real estate endeavors forward.

Take advantage of our exclusive "Walk the Docks" opportunity, where you can explore the offerings of Freedom Boat Club and envision the perfect escape on the water.

Summer in San Diego wouldn't be complete without a memorable culinary experience. Indulge in the tantalizing flavors of Artesano Tacos, serving up their famous tacos and burritos to delight your taste buds throughout the event.

This isn't just another networking event—it's a summer bash like no other, where opportunities abound and friendships flourish. Let's come together to make waves in the real estate industry while soaking up everything that makes San Diego special.

Don't miss out on this unparalleled opportunity to connect, collaborate, and create lasting relationships within the real estate, investor, and development community. Secure your spot at BrewRE Summer Bash today!

Learn about cashflow permitting on an existing property with the project owner James Heinzman.

The event "5 ADU's on an Existing Property with CashFlow Permitting" revolves around the development of five Accessory Dwelling Units (ADUs) on a property with existing structures. Here's a summary based on the provided information:

Property Overview:

• The property initially consisted of four units: three 1-bedroom units and one 3-bedroom unit.
• One of the 3-bedroom units was operated as an Airbnb while the 1-bedroom units were leased out long-term.
• The plan includes developing five new ADUs on the property:
• Two 2-bedroom units (planned for midterm)
• Three studios, two of which are deed restricted.

Financials:

• Purchase Price: $1.675 million
• Market Appraised Rental Value (MARV) after development: $4.5 million
• Estimated Build Cost: $825,000
• Estimated Permit/Design Costs: $120,000
• Rehabbed units cost: $210,000 (Note: unpermitted)
• Holding costs are currently covered by rents from existing units.

Challenges:

• Permitting has been a prolonged process, spanning 24 months, largely attributed to poor choices in architects.

Key Points:

• The event highlights the strategic addition of ADUs to enhance the property's value and cash flow potential.
• Despite challenges in permitting and potential concerns about unpermitted rehabbed units, the project is financially viable, with holding costs mitigated by existing rental income.
• The property's transformation is expected to significantly increase its market value, offering both short-term and long-term rental opportunities.

The event provides insights into navigating real estate development, emphasizing the importance of thorough planning, managing costs, and overcoming regulatory hurdles for successful project execution.

This event is FREE to attend!

Real Estate Mastermind amongst Agents and Investors looking to grow their business through investing!

Real Estate Pro Mastermind Is back for JUNE and ALL ARE WELCOME (Until we sellout)!

Come and chat with your Real Estate PROs in Buy/Hold, ADUs, Multifamily, In-Fill Dev, etc.

We will also have a hard money lender, construction co, design/planning firm, title rep, and property management present!

If you're in real estate and want to grow your knowledge and tool box - don't miss this event, space is limited!
And yes, there will be drinks!

Come see the progress on this awesome 8 unit project in National City. This project is a pocket community and offers a lot of different things than a traditional project in 2024!

• Parking- 2 spots plus per unit
• Pre Manufactured homes off site
• 3 Bed Room 2 bath units
• Private Pocket community to enjoy

This is the second trip to this project and we are excited to show you the progress! Get your early bird ticket today!

Early Bird- $10 until 6/14 at midnight
General Admission- $15 until Noon on 28th
At Door- $20

Get tickets on Eventbrite here: RSVP HERE!

The event "5 ADU's on an Existing Property with CashFlow Permitting" revolves around the development of five Accessory Dwelling Units (ADUs) on a property with existing structures. Here's a summary based on the provided information:

Property Overview:

• The property initially consisted of four units: three 1-bedroom units and one 3-bedroom unit.
• One of the 3-bedroom units was operated as an Airbnb while the 1-bedroom units were leased out long-term.
• The plan includes developing five new ADUs on the property:
• Two 2-bedroom units (planned for midterm)
• Three studios, two of which are deed restricted.

Financials:

• Purchase Price: $1.675 million
• Market Appraised Rental Value (MARV) after development: $4.5 million
• Estimated Build Cost: $825,000
• Estimated Permit/Design Costs: $120,000
• Rehabbed units cost: $210,000 (Note: unpermitted)
• Holding costs are currently covered by rents from existing units.

Challenges:

• Permitting has been a prolonged process, spanning 24 months, largely attributed to poor choices in architects.

Key Points:

• The event highlights the strategic addition of ADUs to enhance the property's value and cash flow potential.
• Despite challenges in permitting and potential concerns about unpermitted rehabbed units, the project is financially viable, with holding costs mitigated by existing rental income.
• The property's transformation is expected to significantly increase its market value, offering both short-term and long-term rental opportunities.

The event provides insights into navigating real estate development, emphasizing the importance of thorough planning, managing costs, and overcoming regulatory hurdles for successful project execution.

Real Estate Mastermind amongst Agents and Investors looking to grow their business through investing!

Real Estate Pro Mastermind Is back for MAY and ALL ARE WELCOME (Until we sellout)!

Come and chat with your Real Estate PROs in Buy/Hold, ADUs, Multifamily, In-Fill Dev, etc.

We will also have a hard money lender, construction co, design/planning firm, title rep, and property management present!

If you're in real estate and want to grow your knowledge and tool box - don't miss this event, space is limited!

And yes, there will be drinks!

San Diegos best networking event is headed to Cross Street Chicken & Beer on the 22nd of May!

BrewRE Is back at It again and we are headed to Cross Street Chicken & Beer in Del Mar! Come network and connect with Investors, Realtors,

Developers and the best Vendors In the business.
As always this event Is FREE to attend! If you are reading this you are
Invited! Come network and hang out and enjoy a craft beer or even a cocktail this month!

Enjoy amazing beer and better networking at this monthly event!

Cheers,
Andrew Thomas Greer

Real Estate Mastermind amongst Agents and Investors looking to grow their business through investing!

Real Estate Pro Mastermind Is back for MAY and ALL ARE WELCOME (Until we sellout)!

Come and chat with your Real Estate PROs in Buy/Hold, ADUs, Multifamily, In-Fill Dev, etc.

We will also have a hard money lender, construction co, design/planning firm, title rep, and property management present!

If you're in real estate and want to grow your knowledge and tool box - don't miss this event, space is limited!
And yes, there will be drinks!

Reserve your Tickets HERE: Real Estate Pro Mastermind!

Join us for BrewRE Summer Bash! San Diego's top networking event at Freedom Boat Club!

BrewRE: San Diego's Premier Real Estate Networking Event

Date: June 20th
Time: 5:30 PM - 7:30 PM
Location: Freedom Boat Club at Dana Landing: 2620A Ingraham St, San Diego, CA 92109

Calling all real estate professionals, investors, and industry enthusiasts! Get ready to elevate your networking game at BrewRE, the ultimate gathering for San Diego's real estate community.

Join us at Dana Landing for an evening of connection, collaboration, and celebration against the backdrop of San Diego's breathtaking waterfront for a Summer Bash!

As a special treat, we will be offering two complimentary drinks to all attendees, courtesy of Cheat Codes. Sip on your favorite beverage as you mingle with like-minded individuals and forge valuable connections that can propel your real estate endeavors forward.

Take advantage of our exclusive "Walk the Docks" opportunity, where you can explore the offerings of Freedom Boat Club and envision the perfect escape on the water.

Summer in San Diego wouldn't be complete without a memorable culinary experience. Indulge in the tantalizing flavors of Artesano Tacos, serving up their famous tacos and burritos to delight your taste buds throughout the event.

This isn't just another networking event—it's a summer bash like no other, where opportunities abound and friendships flourish. Let's come together to make waves in the real estate industry while soaking up everything that makes San Diego special.

Don't miss out on this unparalleled opportunity to connect, collaborate, and create lasting relationships within the real estate, investor, and development community. Secure your spot at BrewRE Summer Bash today!