All Forum Posts by: Claudio Salvatorelli

That's a valid point, however, you will have to analyze the idea in a divergent thinking way. In this case, California is trying to modify Codes and these codes are important for the construction of future homes. I can assure you that everyone in the nation will follow this trend eventually and things will begin to change drastically adopting new, affordable, and more durable materials for new construction houses.

Hey Orion,

This might be helpful for you https://www.youtube.com/watch?...

Cheers

The housing market is experiencing a boom not seen since 2006. However, natural disasters like wildfires and floods are also wreaking havoc on more and more American communities. Here's how the U.S. can tackle building safer houses or retrofit existing homes for resiliency while keeping costs down, potentially mitigating the flow of domestic climate migrants.

Existing home sales last year reached their highest levels since 2006. However, increasing numbers of climate disasters across the country have sparked concern about how safe homes are.

Last year was the worst fire season in U.S. history. In California, five of the state’s six-largest fires began within a two-month window. Overall, more than a dozen severe weather storms each dealt more than $1 billion in damages across the U.S.

All credits to CNBC 

https://www.youtube.com/watch?...

Jack Cohen, a research physical fire scientist, advocates for home construction that better stops the spread of wildfires by including non-flammable construction materials and ensuring nothing exists between houses that an ember can engulf in flames.

“We need to define the problem as a structure ignition problem, not a wildfire control problem,” Cohen said. His Home Ignition Zone research is supported by the National Fire Protection Association, a part of the Federal Emergency Management Agency.

FEMA has a financial incentive in protecting America's homes and encouraging local groups to follow the building codes set by the International Code Council.

Acting U.S. Fire Administration chief Tonya Hoover said the approximately 2,000 communities that have adopted the council’s building codes have saved the U.S. an average of $1.6 billion in annualized losses from flooding, hurricanes, and earthquakes.

However, building homes that can withstand natural disasters are expensive and keep people, including the more than 500,000 thousand homeless counted in 2019, outside.

“A thousand dollars added to the price of a new home, at any time, in any way, ... will eliminate 153,967 households from being able to buy that home,” said Greg Ugalde, immediate past chairman of the National Association of Home Builders.

Hey Orion,

I recommend you to have BP Calculation ready and take them to the potential investors/lenders.

Hope this helps,

Claudio Salvatorelli

Hey James,

Pet owners are always appreciative when finding a place to live with their 4 legged friends. However, you should check into what pet criteria would you allow in your property. For example, selecting small size pets or applying some breed restrictions. Also, encouraging service dogs and consider pet deposits as well. 

Hope this helps,

Claudio Salvatorelli

Hey Alfredo,

That might be possible because most online pre-licensing courses are relatively cheap. It is not expensive to get a Real Estate License at all, and also the price might depend on the location where you at.

Hope this helps,

Claudio Salvatorelli

Hello Maria,

There are some loans available to fix up your home if a disabled person is living or applying to live in your property. I recommend checking https://www.hud.gov/program_of..., I hope this helps,

Good luck,

Claudio Salvatorelli

Hey Angel,

Have you looked into Imperial Valley, Salton City raw land investment? I invested in raw land and I think there is a lot of potential for future gentrification.

Sincerely,

Claudio Salvatorelli

I agree, Multifamily is a great way to create wealth and financial freedom. Do you have any advice on how to find deals off-market or to raise capital for a first-time property?

Thanks,

Claudio Salvatorelli

Hey Miguel,

I was in a similar situation. Finished my MBA and got OPT, I was working then for a couple of years and filing taxes but a lot of lenders, want to see a steady W2 income and great credit. I recommend starting building your credit even tho your country's philosophy is different. Here in the US is all about credit even more than citizenship sometimes.

Let me know if have any questions,

Good luck,

Claudio Salvatorelli