All Forum Posts by: Andy Chen

 @Mark Doty love to connect. I am also an investor in SD.

Hi Alex, I would love to connect. I am in SD too.

@Nick Maugeri Thank you. I feel the easiest way is to use replacement cost. That may be why I heard that many ADUs are appraised around the building cost. Is there a system which allows us to search the transactions by whether this house has an ADU/JADU? I don't think it exist yet.

If that is the case, can we do our homework by providing the comps with similar attributes (ADU, JADUs, etc) when requesting the appraisal? I am in San Diego, it is not hard to find properties with ADUs sold recently.

sorry, I can’t seem to delete my post.

Hi Logan, I am very interested too. I am in San Diego though. Can you keep me in the loop and would love to have the journey with other investors. I am building units too.

Can someone recommend good property management companies which charge flat fee in Phoenix? We total have 20+ doors in Phoenix and we are considering a new property management company. Please DM me if you are interested too.

Thanks,

Andy

@Erik Estrada Thank you for your info. It is very hard to give up my 1st loan while the rate is so low. Thanks

@Erik Estrada

I don't live there. $500k on a HELOC is the max number I have heard after talking to many conventional lenders.

The LTV is 50% now. Another challenge is the appraisal for the property after 4 ADUs. It will be hard to find comparable properties.

Can I use the projected rental income $8k/month like DSCR loan?