Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Karen Margrave

Karen Margrave has started 399 posts and replied 6690 times.

Post: Shared Housing Business

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160
Quote from @Grant Shipman:
Quote from @Jonathan Greene:

Do you mean co-living? Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

If you meant co-living, look up @Grant Shipman, that is what he does.

Can you please explain or point me to a post that tells us what your model is? What's the difference between co living and shared housing? In the area where I am in CA, prices are through the roof, as is demand, therefore; we have a lot of homes sold for shared housing situations. 

 I'm happy to help!  Also, check out Jon's podcast if you haven't yet! 


Post: Creative ideas for vacant land in kern county CA

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

What is the zoning? What is the neighborhood like? The devil is in the details. We built a duplex at 219 Avenida de la Grulla in San Clemente, on a 4000 sq. ft. lot. It was 3 stories, with rooftop ocean view decks. In Capistrano Beach, at 27111 Paseo Pinzon, Dana Point, CA we built a 3440 sq. ft. home, 2 stories, with rooftop ocean view decks. Those were in 2017. What you need to do is figure out what the set backs are that are required, and see what you can do. In some of those areas there are those row houses, built on lots that are 3000 s.f. sometimes. It just takes good design. My son designed these. No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  Orange County Projects  @Bryant Brislin

Post: What do you think of this concept for Seniors, Students, etc.?

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160
Years ago I had posted about Shared living. You mentioned you might be doing something like that. I never did do it, I ended up selling my house that I was thinking of using for that purpose. Life took some twists after my husband passed away... Anyway, here I am many years later, a senior myself at 71, and living in Redding, CA, and thinking of doing a senior project. 

Quote from @Roy N.:

@Karen Margrave

Good to see you back here.

When I was a midshipman a thousand years ago, we had accommodations similar to this, though our "micro-units house 2 or 3 cadets.  Being the military, it had that definite institutional overtone to it, but the basic premise was the same.

I recently toured a new senior's complex in which on end - for those who were still relatively self sufficient - had individual units (bedroom, sitting room / kitchenette ... effectively a bachelor apartment but without a full kitchen) clustered together in groups of 4 with their own common room / kitchen and courtyard.

On the other side of the complex were units for those who required more assisted living.  They were similarly organized, but did not have kitchenettes (and I do not think all has sitting rooms).  Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.

Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.

With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.

When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-)


Post: New to real estate & building a pocket neighborhood!

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

Curious, did you ever start your project? 

Post: Requirements for RV/Boat storage on a city lot

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

Go in person to the planning department and talk to them. Don't rely on what anyone on BP is going to tell you, because things change. Besides, it's always a good idea to build a good relationship with the Planning and Building departments. 

Post: need recommendations for curtain colors and rug colors

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

I'd add something that ties in with the couch. A teal blue. Check out this rug. Then pick up the blue in the window coverings. Pull colors from the rug for accessories. Where is the house located? I bought this rug from Walmart. Love it! I change out rugs a few times a year in my living room. However; you can look for something just the opposite, with more blue, and less orange, since the couch is orange. Look on Walmart, Wayfair, Rugs.com, etc. For the bedrooms and bath, choose colors from the rug, and use them, you can't go wrong! 

Post: How can I do a condo conversion after adding an ADU?

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

Your first trip should be to the Planning Dept and ask if it's possible based on the zoning, and if they would view it favorably. If not, there's no point in going further. 

Post: vinyl plank flooring is separating

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

Did you use any type of underlayment? If not, did the planks have attached underlayment? 

Post: Getting a GC license as an Owner builder

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

Look on the California State Contractors Board site at the various options. You might be able to find a contractor that will agree to be your qualifier for a fee, etc. Once you have the necessary experience you can get your own license. 

As for the suggestion of getting a contractor to sign off on experience, no legitimate contractor is going to do that, and if they did, and got caught, you'd both be screwed. 

You can be an owner/builder in CA. However; some cities require a contractor to be on the application for permit. Also, lenders usually require a licensed contractor, bond and insurance. 

Post: Will the Election Result Impact the Housing Market?

Karen Margrave
Professional Services
Pro Member
ModeratorPosted
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
  • Posts 7,626
  • Votes 4,160

I'm in Redding, CA, and we have a lot of demand for homes under $450k, and rentals. However the higher end is beginning to soften.  Prices are at all time highs as are rents. We have a lot of investors that rent space  as Airbnb (limited to 400 units)  and room space to students from a local ministry school, as well as others looking for more affordable options. 

 If Trump wins, there may be a little tiny bit of light at the end of the tunnel for builders. Supply and demand drives the train. Unfortunately, in CA driving the train is a lot more expensive, as our fuel's touted to go up at least .46 a gallon, and it's already $5. That means the price of everything used in construction goes up, so no help with supply side. Add to that insurance costs, etc. and it's not looking good.

However; what Trump can do that will help is to cut out some of the environmental regulations, etc. that drive the costs of development up. 

Unfortunately all the lawlessness, and homelessness in CA doesn't help. As long as interest rates are going up, there's not many people wanting to sell their homes, unless they're leaving CA, or going into Senior Living, which is happening more and more. 

Then another thing I see coming down the pike is the credit card debt. So many people are living on their cards, hoping that something is going to happen where the cost of living gets lower, and trying to hang on. But, if something doesn't change in the economy, they will fall behind on credit cards, then mortgages, and things will begin to fall. 

As bad as CA is, people won't vote them out. Crazy times. I know we're not supposed to talk politics, but the reality is, it's politicians that set the policies that affect real estate and construction, so it is relevant.