All Forum Posts by: Brandon Carlson

@Jason Pan

Check craigslist for rents. If you found an area your serious about investing in make a fake ad. This will help you know how quick you can rent the condo out for, what realistic rent you can make, and the type of people calling on your listing. 

Call ads you see. Ask question to the property manager.

Current Value: $575,000

Afterwards Value: $850k - $900k (based on duplex comps)

Equity: 100k @ 80% LTV

@Jerry Padilla

I would love some of feedback on this topic?

I'm looking to pull equity ($100k) to build a back unit. I currently sit on a 14,000 sq ft lot. The city will allow me to build a 2 bedroom 2 bath unit at 1200 sq ft. 

TOTAL COST: Maybe $120,000 and that's based of $100 sqft. What do you think?

What financing option makes more sense for this project??

Thank you

How about a cash out refi? Rates are lower now than what they were a year ago. You may have to pay closing cost... but sometimes the lender will waive it. 

I would be interested. When are you thinking? @Joshua Davies

What part of Long Beach? @Will F.

Thanks for you replies. I'm leaning towards building a back house. I can potentially get $1500 - $1600 in monthly rent. Duplex Homes in the area with similar lot and home sqft are valued at 850k - 900k. 

Hello Ladies and Gents. Names Brandon. First post, long time listener. I am looking for some input, recommendations, or expertise. I became a home owner 3 years ago. During that time, I made some improvements to my home, now I have 100k in equity, 80 % LTV. Great for me right? I'm in a unique position. My house is zoned for a duplex, I can build a 2 bedroom, 2 bath, 1200 sqft home. It may cost roughly $100-150k all said and done.

OR do I just take my equity and buy an duplex in Inland Empire area? I have been hearing buzz about Riverside. I'm I to late??