All Forum Posts by: David Murphy

Thanks Katie--I'll check out CompStak. I appreciate the suggestions.

Hi all. I'm trying to talk to owners of small multi-families in Berkeley, CA, about allowing me to take over properties using master lease options. One piece of important info in generating a future purchase price is of course the cap rate. As you may know, valuing multi-families in Berkeley, Oakland, and San Francisco is a tough game due to the high demand, the rent control, and the very low cap rates. I'm wondering in anyone on the forum knows of a decent resource for info on neighborhood cap rates other than local realtors. 

Let me know if you know. Thanks!

Thanks Boyd and Seth for your input. @Seth Teel, do I need a separate permit for each of the areas we're covering--roof, plumbing, carport, etc.--or does the office create a permit that will cover it all?

I know that both my contractor and my realtor will be willing to go down to the permit office for me, but it's nice to know what's expected so that I can follow up more thoroughly to make sure everything is covered.

I've seen a lot of your responses to forum posts, Seth, and always find them helpful. I think you're the first person I saw recommend Corridor Funding, the company I'm working with on this project. I hope I can meet you some day when I'm visiting San Antonio to see this rehab or pick up another. Take care until then.

David

Hi Jim. Thanks very much for the quick and clear reply. It's not a lipstick: we're doing a full rehab, though not extending the foundations. I'll call Planning & Permits and have them explain to me what's needed. Thanks again.

Hi all! This is my first post as a BP member. 

I live in California, but am getting into the San Antonio, Texas, market. I should be closing on a single family home on Friday that we'll rehab and sell. This is not only my first property in Texas, it's my first flip period. (I've done some property management and owned a couple of small multi-families before.)

I'm working with a good local realtor and--I believe--a good general contractor, but I would like to know myself what are the first inspections I need done and permits I need signed before I can do anything other than demo?