All Forum Posts by: Casey Maib

I can do either, Thursday sounds good to me.

Thanks Ryan,

Yah I have kicked around the idea as well. I would definitely be into doing a local meetup. I feel wine country real estate operates just a little different than the rest of the Bay Area. I am happy to help organize as well. I think the trick would be to start small and be consistent.

Do you set it up as a presentation or just a social gathering?

I’ll keep track of this post, I’m into it 

@Tom Hertel

I’m going to apologize ahead of time I am out and about and on my phone.

There are no short term rentals allowed in napa county. Those city permits are the exemption.

The only other exemption I know of is hunting lodges.

Welcome Derrik,

I think its great that you can do a lot of the work yourself, but pay yourself for doing it.

Same goes for property management. Do it save the money learn the process but pay yourself. Plus what happens when you move or have to many units to manage yourself? If you calc. for PM it should still cashflow. 

Another big ticket item you left out is cap ex. Repairs are Broken sprinkler heads and leaky toilets that happen all the time. Cap Ex is the 30 yr roof with 7 yrs left and water heaters and furnaces with ever shrinking life spans. Windows, cabinets, appliances and floors ect. These don't come up every year but saving 10% a year sure helps

Im a new investor as well so I like to run my numbers over the top conservative to cover the oh sh** moments I didn't think through. Be careful not to talk yourself into a property that doesn't make sense, it can be easy to do. Especially when dealing with family.

Its funny, I bought in Yakima because I couldn't find cashflow in Napa Ca.

Good luck

Casey

@Ryan Heywood,

My personal opinion would be to avoid Lake County,if you were heavily untwined in the community and knowledgeable of the area it could be profitable. But that could be said of anywhere.

If I were to invest in Lake county my advice would be to avoid Lake port. But you should do your own due dilligence.

All that said we went to school together once upon a time, and I would be happy to get together and catch up and talk about this real estate stuff.

Casey

Hey Ryan,

I am by no means one of the experienced pros here on this site. But here's what I (think I)do know.

What you would be looking at is either a private or hard money loan. You will need to have the proof of funds to buy at auction. These will likely come at a high interest rate and have a couple points up front. I would recommend 12-18 month term. Remodels have a tendency to go over schedule and over budget. Also you will need time to process a refi out of that loan.

Make sure you have a competent reliable and available general contractor before you get the house. This is easier said than done.

Make sure you are very familiar with Fairfield, there are plenty of areas there I doubt you would want your family to live. With prices in this area where they are I wouldn't rely on appreciation to carry you out of a hole. Though with demand for housing like it is it's hard to see any major fall either.

That said good luck and have fun!

Casey Maib

Hey Robert. There are a lot of great builders in Napa. The two most important questions to finding the right ones are scope of work and budget. The guys building 25000 sf custom new builds don't want your bathroom remodel in Westwood, and vice versa.

Hi Mick,

I live in Salvador area of north Napa so I'm with ya. First airbnb had a deal my friend used last night. 0$ for some nice homes in the bay to evacuees. Anyone in Napa in need of shelter St. A's has a nice shelter set up with plenty of supplies I believe they allow dogs.

Good luck to you, stay safe

It was local politicians capitalizing, 41 permits and those in the in got first dibs. There are ways around it and 400 people on airbnb that don't mind the 1000 per night fine

@Adam Giles I live in the city of Napa.(Although thats not where I focus my investing.) I would be happy to talk and answer any questions you have about the area. unfortunately I think you will find STR's in wine country are too regulated and not worth the hassle.