All Forum Posts by: Darian Sanayei

I'm trying to build a ADU in my backyard. I am doing owner builder so hiring subs for each job. I have been struggling finding fair priced reliable contractors in my area. If anyone knows a good go to in Temecula California. I am building ground up so any contractors that do framing, plumbing, electrical, roofing, etc. Helps!

Thank you

Murrieta Menifee Winchester Temecula Riverside

Update: this ADU is finished and rented out. Very happy with how it turned out. Hit a few bumps throughout the process but overall went good and onto the next one!

Have you tried to extract the value add; have you gotten an appraisal?

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position. recovering this negative position can consume years of the actual cash flow when using realistic expense estimates.

Hopefully this is not the case where you added the ADU and the value added by the ADU exceeds the cost of adding the ADU.

Best wishes

I did not do a full appraisal, just brokers opinion to get the PMI removed which was the goal. I personally think there is just not enough comps yet to show the true value of ADU's. This property cashflows very well now, so I do not plan to sell for quite some time.

I would love to purchase a property that has done all of the work already, and cashflows. So if you see any let me know and ill buy it!

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Quote from @Darian Sanayei:

Thank you

Murrieta Menifee Winchester Temecula Riverside

Update: this ADU is finished and rented out. Very happy with how it turned out. Hit a few bumps throughout the process but overall went good and onto the next one!

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Investment Info:

Single-family residence buy & hold investment in Winchester.

Purchase price: $669,000
Cash invested: $75,000

New primary residence. Currently 2 unit property, and working on building another ADU with a twist ;)

What made you interested in investing in this type of deal?

The builder has a unique floor plan that makes it become a cash flowing rental

How did you find this deal and how did you negotiate it?

Found driving the area and I represented myself

How did you finance this deal?

Conventional financing

How did you add value to the deal?

Building an ADU with an already present JADU

What was the outcome?

still in process

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I'd suggest looking into northern SD county and Riverside county. Definitely tough to make properties cash flow unless you are creative and add value like ADU's.

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San Diego, California

Quote from @Dmitriy Fomichenko:

Congratulations on this investment @Darian Sanayei !

Appreciate it!

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Quote from @Nate Meeker:

Hey neighbor! Why not rent it? What's your next deal look like?

This one I just felt better with taking the equity out and putting into a new deal. I also didn't like the HOA company and it wasn't suited the best to be a good rental property.

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Investment Info:

Condo buy & hold investment in Murrieta.

Purchase price: $340,000
Cash invested: $85,000
Sale price: $540,000

Just sold. Great return on investment. Lived in property so didn't pay capital gains taxes

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Investment Info:

Single-family residence buy & hold investment in Des Allemands.

Purchase price: $669,000
Cash invested: $75,000

New primary residence. Currently 2 unit property, and working on building another ADU

What made you interested in investing in this type of deal?

Ilike the potential the lot has, with no HOA

How did you find this deal and how did you negotiate it?

Driving down the road, self negotiated

How did you finance this deal?

Conventional loan

How did you add value to the deal?

making it multi unit

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Darian Sanayei

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Quote from @Sabrina Dagostino:

Hi everyone!

I am a 24-year-old business owner in FL and I've been looking to get started with investing for two years now. I have around 300k saved for real estate investment purposes. I've learned SO much from reading BP forums, attending boot camps and also personal research, but am still feeling a bit stuck on where to start. For a while, my plan was STRs in the South Florida market, but I've recently taken a huge interest in section 8 investing and have been learning a lot about it. I'm thinking of starting with conventional loans to secure 20% down payments and then eventually shifting to hard money lending. To the seasoned investors out there, what would your first move be if you were in my shoes? Thoughts on starting out with section 8? Super thankful for any and all advice. Thank you (:

Your best bet in my opinion would be to do what I did. Buy a SFR or 2/3/4 unit if you can find it with conventional primary loan. Live in one unit/room and rent the rest to house hack. Just keep buying a new property every 6 months to a year (if you can have it make sense). When you move out of your departing residence you can get a rental lease and show the lender you are going to rent that house out and they will use that income to help qualify for the next primary.

I would save as much of the 300k as possible for reserves and if you want to add value to the properties such as adu’s.

Get to 3/4 or so properties within a few years then start using the conventional investment loan to buy your next properties.
Being that those first properties are rentals on your tax returns now you shouldn’t have an issue with qualifying. You can also use 75% of the projected rents of the investment properties.

You can do STR, MTR, or LTR with those properties as long as you city allows STR. I don't know a ton about section 8.

I wouldn’t do hard money unless you have to being that it’s way higher interest rates and worse terms for rentals. If your doing a flip hard money is way to go.

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Looking for a HVAC specialist to install a mini split unit near menifee Murrieta Temecula area that knows about HERS rating and Title 24 in Southern California.

If anyone has any suggestions that would be great!

Thank you

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All Forum Posts by: Darian Sanayei

Darian Sanayei has started 9 posts and replied 46 times.

Post: Building a ADU in backyard

Post: Building a ADU in backyard

Post: New property with ADU Plans

Post: Hi from San Diego! 👋🏻

Post: Sold Property in Murrieta

Post: Sold Property in Murrieta

Post: Sold Property in Murrieta

Post: New primary with plans of turning into investment

Post: How would you use 300k to start investing in real estate?

Post: HVAC specialist for ADU