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All Forum Posts by: Danielle Davenport

Danielle Davenport has started 21 posts and replied 69 times.

Post: Looking for Commercial Associate or Intern

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16

Associate

Qualifications

•You’re a confident and competitive individual who loves to win

•Your strengths lie in building strong relationships, coming up with innovative solutions and finding ways to make them happen

•Ideally, you’ll have an interest in commercial real estate, previous sales experience (although not required), not afraid of business development and won’t take no for an answer

•Real estate license required

•A valid driver’s license and fully insured automobile is required

•Strong interpersonal skills – can build rapport and credibility quickly with people at all levels

Responsibilities

•Maintain direct contact with prospects by cold calling and driving marketing efforts with the objective of increasing client awareness of available properties

•Identify and qualify leads, contacts, and opportunities, and dedicate an agreed amount of time to conduct cold calls and building walks

•Work with Agent(s) and Brokerage Specialists to create and prepare content for CIM’s and formal proposals, such as responses to RFI’s and RFP’s

•Work with Agent(s) and leadership on project management related to proposal development

•Assist Agent(s) with content development for listing pitches/presentations

•Client/Agent Support

Job description

You're a confident and competitive individual who thrives on winning. Your strengths lie in building strong relationships, devising innovative solutions, and executing them effectively. You excel at negotiation and prefer a consultative role where you can leverage your skills. While prior sales experience is beneficial, it's not required. You're comfortable with business development and persistent in pursuing opportunities.

In this role, you'll have the autonomy to manage your territory while accessing a global network of experts in research, marketing, and project management. Your responsibilities will include business development through cold calling and marketing efforts, identifying and qualifying leads, and preparing proposals and presentations. You'll also support clients and agents, assist with on-site tours, and manage transactions by drafting legal documents.

Qualifications for this position include ideally working towards a real estate license, but not necessary, preferably with a diploma or degree. A valid driver's license and fully insured automobile are required. Strong interpersonal skills are essential, as is the ability to conduct research and analyze data. Experience in commercial real estate or a related industry is advantageous, and maintaining a professional appearance is expected.

This role offers either an hourly wage or commission-based salary, with ranges determined by role, level, and location. We will provide equal employment opportunities and value diversity in its workforce. Join us as we lead the industry into the future, empowering our people to deliver exceptional results for our clients, communities, and business partners.

Email: 

[email protected]

Post: Off Market in Morgan HIll Fix and Flip

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16

I have an off market fix/flip in Morgan Hill
Serious Inquiries only 900K AS IS

Post: SB6 And Adaptive Reuse - Getting Top Dollar for your Asset

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16
Quote from @Alan F.:
Quote from @Danielle Davenport:

ADAPTIVE REUSE

What is there to know?

Urban centers, suburban regions, and rural areas grapple with a significant deficiency in affordable housing. Simultaneously, the repercussions of the COVID-19 pandemic, coupled with the surge in remote work practices, have resulted in elevated vacancy rates and the inefficient use of commercial properties. Numerous structures within this category hold the potential for conversion into residential spaces, offering a viable solution to augment the inventory of affordable housing.

* allows for commercial properties to be used as residential spaces without the need for rezoning. Repurposing underutilized structures is more environmentally sustainable than demolition. Prolonging the lifespan of existing buildings, whether for expanding housing options or other socially beneficial objectives, stands as a superior economic alternative. Additionally, this approach contributes to a diminished environmental footprint, notably in terms of reduced greenhouse gas emissions.

*SB 6 - allows residential development on property zoned for retail and office space without requiring a rezoning, and allows project applicants to utilize the Housing Accountability Act (HAA) to limit local discretion to deny or condition approval.

Case Study: From Retail Site to High Density Housing

1961 Carpenter Rd, Oakley, CA 94561

One of our IN CONTRACT properties has undergone a remarkable shift from retail to residential, showcasing our ability to unlock hidden potentials and create valuable opportunities.

Commercial-to-residential conversions could work wonders for an ailing asset class like CRE.


 This is a great post, thanks for sharing. A year ago I and some of my friends were discussing ab5 and were focused on the urban areas of San Jose, Santa Clara etc. Over time interest waned due to the amount of MF still coming to market. I had a "feeling" that tertiary markets may be worth examining. I'm hoping this thread gets some traction amongst savvy Nor Cal investors as I would like to learn more.


 Yes - this is an interesting area to explore. My listing is one of the 1st in the State to undergo the process. It was a great way for me to look at an underperforming asset and get top dollar for it. 

I am actively looking to find off market / on market opportunities for my investors. 

Post: SB6 And Adaptive Reuse - Getting Top Dollar for your Asset

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16

ADAPTIVE REUSE

What is there to know?

Urban centers, suburban regions, and rural areas grapple with a significant deficiency in affordable housing. Simultaneously, the repercussions of the COVID-19 pandemic, coupled with the surge in remote work practices, have resulted in elevated vacancy rates and the inefficient use of commercial properties. Numerous structures within this category hold the potential for conversion into residential spaces, offering a viable solution to augment the inventory of affordable housing.

* allows for commercial properties to be used as residential spaces without the need for rezoning. Repurposing underutilized structures is more environmentally sustainable than demolition. Prolonging the lifespan of existing buildings, whether for expanding housing options or other socially beneficial objectives, stands as a superior economic alternative. Additionally, this approach contributes to a diminished environmental footprint, notably in terms of reduced greenhouse gas emissions.

*SB 6 - allows residential development on property zoned for retail and office space without requiring a rezoning, and allows project applicants to utilize the Housing Accountability Act (HAA) to limit local discretion to deny or condition approval.

Case Study: From Retail Site to High Density Housing

1961 Carpenter Rd, Oakley, CA 94561

One of our IN CONTRACT properties has undergone a remarkable shift from retail to residential, showcasing our ability to unlock hidden potentials and create valuable opportunities.

Commercial-to-residential conversions could work wonders for an ailing asset class like CRE.

Post: Keep or trade up multiple units

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16
Quote from @Jane Dang:

I have a rental SFH, renting out $3500/month. It will be paid off in six months. The zillow estimate is 1M. I have been taking depreciation on this rental property for 20 years. I bought it 22 years ago $200k. Should I continue renting it and collect $3500/month or doing 1031 exchange to get multiple units as I will get a decent amount of equity after 6 month when the mortgage is paid off.

Appreciate your advice very much.

thanks 

Jane

I have several case studies I can share on optimizing your ROE. PLease connect for more info

Post: Buying an investment SFH in SF or Berkeley or South Bay

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16
Quote from @Abhishek Joshi:

Hello all, I am a newbie to this site, and have been a landlord renting out our condo for the past decade. We were thinking of expanding our real estate portfolio, and were wondering if this is a good time to buy a SF rental property in the Bay Area. We want to play long , and were looking at homes across the bay area. 

We might be able to do a good chunk of down payment, and were wondering what is the best area to invest in here in the immediate bay area. Wanted guidance from this forum around:

1. Whether now is a good time . Having said that, with high rates and the macro economy in a state of flux, wanted some guidance.

2. In terms of actual areas in the bay, do folks recommend one of the following:
South Bay ; East Bay ; TriValley or SF

Or would you recommend sitting on the sidelines, wait and watch, and do a HYSA/CD to see how/where the market heads ?

Thank you so much for your inputs!

 What is your goal and asset class? Appreciation? focus on great school districts. Cash flow? South Bay or Trivalley. I would not invest in SF. 

Please let me know if you want an analysis from one of my team members are target areas. 

Quote from @Jeff Cliff:

Current situation:

Primary Home: Owned for about 15 years and has appreciated it a lot. I have been renting part of the house on a long term/short term basis and have been showing all income on my tax return and have been taking depreciation on the part of the property as well as required by the law. In 2023, I got quite a few home improvements and maintenance work done on the primary home such as brand new solar panels (Jan 2023), a new large storage shed, attic insulation replacement, new attic fan, renovated garage, new epoxy flooring in the garage, new exterior paint etc.I am planning to claim 30% tax credit on my 2023 tax return.

Second Home: Purchased in all cash since financing was not available due to the condition of the house. It has a lot of potential, huge lot and amazing ocean views from a distance. Owned it for about 4 years and has been vacant since I bought it as it needs major rehab work. The original intent was to fix the house and rent it out until I am ready to retire in another 20 years or so. However, due to unavoidable circumstances, I have not been able to rehab it. In early 2022, I did cash out refinance on my primary home to come up with the money to fix this second home. I think I have enough money in reserve to fix this second home now.

Twist in the story, I got laid off recently which puts me in a bind. Since, I don’t have to worry about family situation; I am contemplating on renting out my primary home and moving to second home and starting rehab work on the second home.

Advantages:

  • 1) Reduces my immediate liabilities even if there is a tad bit of negative cashflow.
  • 2) Since I did significant amount of cash out refinance over a year ago, converting it into an investment property I should be able to take full deduction on the interest I would pay on the entire amount original loan plus the cash out refinance, correct me if my understanding is wrong.
  • Possibly, all the maintenance and improvement work I did in 2023 on primary home could be used as expenses to make the property ready for rental (unsure about this though)
  • 3) If I never move back to the primary home and keep renting it for at least a couple of years or more and eventually sell it I could potentially do 1031 exchange and buy a couple of other properties somewhere else.
  • 4) I can finally rehab the second home without having to worry about going out and finding another job first.

Questions:

  • 1) What tax implications I should consider in converting primary home to investment property?
  • 2) After rehabbing my second home, if I moved back to primary what kind of tax implications I should consider?
  • 3) If I did convert my primary home to rental in 2024, can I still get tax credit for solar panels installed in early 2023?

In addition to making primary home to investment property I have a few other options:

  • 1) Status-Quo, do nothing to second home, keep renting part of the primary home and look for employment.
  • 2) Sell the second home and take out whatever minimal profit I could take.
  • 3) Stay in primary home, rehab the second home while looking for a job. Once the second home is rehabbed, sell it for a little more profit.
  • 4) Any other options you can think of?
I have great team of Legal and CPAs that will help you structure your assets for optimization, segregation and protection. You should look at holistic approach to your entire personal and professional portfolio. 
However, in answer to your question - I would need to understand balance and interest rate and potential for Gross on your current holdings. Then I could advise with a proper strategy. 

Post: Eager to connect with investor agents and anyone

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16
Quote from @Omid Bakhtar:

I want to buy and hold a real estate portfolio within a 2hr radius of Gilroy, CA, over the next several years. I have come to be educated thourgh a real estate course and thankfully found Bigger pockets and going through their material. Thank you for all that you do!

At this point, I can likely qualify for properties in the 400-500k price range through conventional financing. My immediate goals are to acquire a duplex, possibly in the West Sacramento area. I am eager to connect with investor agents and anyone gracious enough to share their knowledge. Thank you for your support!

Let's talk - there are a couple of opportunities in the greater Sacramento Area that will get a decent Cash Flow. Just send me a text or email and I can send over a couple of options we have been monitoring.

Post: Aspiring Cash Flow Investor Seeking Mentorship and Insight

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16

Welcome - Please connect and we can share goals and opportunities.

Post: New to real estate investing

Danielle DavenportPosted
  • Real Estate Broker
  • Los Gatos
  • Posts 74
  • Votes 16
Quote from @Matthew Tripp:

Hi all! I’m and emergency medicine physician based in Northern California. After 20 years of practice I am finally in a position to invest! I am in the process of learning as much as I possibly can. I am looking to invest outside of California and my goal is to close on 1-2 multi family investment properties in 2024. Look forward to learning from Bigger Pockets and all of you!

I invest exclusively out of California... Let me know if you want to connect and chat about strategies.