All Forum Posts by: Daniel Kahler

Hey guys! Thanks for the responses! Wes, I will PM you, just at work so not too much time currently. This is the information that I was able to figure out. Does this help at all?

Well, its very unfortunate that there aren't any posts in this forum. :( maybe I didn't have my filter set correctly.

I am looking for someone who can help me understand zoning laws. I am looking at building a glamping site however, it would be located in a flood zone. I have looked into the 100 year flood height and a lot of other things that I could find from watching hours of videos and spending many many more hours trying to navigate the counties website, the DNR, and FEMA.

Any insight would be GREATLY appreciated. 

Daniel

@Elliot Fuller this is awesome information. I've definitely heard of the downfalls of being a landlord in California since it is so renter friendly. We bought ours for $555,000 in September 2019, have installed solar and battery ($30k) and new a/c and furnace (10k) as well as some landscaping upgrades (landscaping and artificial turf). In our neighborhood houses are going for $780,000 and that's without solar, but I'm not sure about ac. So we could have a decent profit, especially since I'd list it for more in this crazy market. It's just hard to hold and only cash flow around $200/mo after expenses especially since we'll be out of the country. We could get a PM but then the cash flow will be next to $0.

@Daniel Kahler

Do*

@Twana Rasoul

So you know if there is a forum that talks about the 2 of 5 year or what you are referring to? Thank you.

@Twana Rasoul

This is great advice and I appreciate the information and your time.

@Steven Holiday

Thank you very much for all the great information! I really appreciate everyone!

@Dan Heuschele

This was very insightful and very much appreciated! My wife and I have been back and forth on this trying to run the numbers and figure out what the best course of action would be.

We are considering selling and with the profits ($200k-$250k) using this money to purchase a property with cash, or to use it as down payments for rentals in a lower costing area (around family).

We are new to this and have been reading all the bigger pockets information and it's all very helpful but also intimidating. I am very motivated to see what investments we come up with!

Again thank you! I am definitely looking for all the help and mentoring I can get.

Currently live in San Diego county, bought a house with my VA home loan. My wife and I will be moving next year out of country for 3 years. Our initial plan was to rent the property but now I am not sure that's the best choice.

My question is, with the housing market being the way it is, should we sell, and make a 25-30% profit, or hold and rent?