All Forum Posts by: Dennis Maynard

@Matthew Forrest 

@Jonathan Taylor I also don't think ADU's will have the same value as a duplex. Especially when concerns such as parking and street access come into play. Furthermore, I seem to remember, someone verify, that in cities such as LA that rent control comes into play on older homes that add an ADU.

I spoke with the MLS today regarding separating ADU's from duplexes as they are not the same thing as well. ADU's may very well have different returns / cost analysis than multifamily units. I would be curious to hear more as well. While ADUs provide additional income to home owners, they are not the same as multifamily properties. Agreed.

Foreclosures will not be as common this pullback as the last one.  Statistically, the percentage of distressed sales is below 3% nationally.  By comparison, it was 35% during the crash.  When you also factor in 42% of homes are owned free and clear and 58% have at least 60% equity in their homes, homeowners will sell before foreclose.  Around 13% of all homeowners have less than 20% equity in their homes.  I recommend on focusing on homes and apartments coming on market and at below market values and negotiating deals.  More efficient.

Much of the country is in an upward trending market right now, but in some of the big cities such as Los Angeles, there is a buyers market beginning in some sectors such as apartments.  How do you know when the market has hit bottom?  I'm curious to hear everyones thoughts.

fresh water lines should be copper.  Sewer line should be ABS.  Pretty simple.  are you hiring a plumber?  They will know the answers.

Refinance, with cash out if the lender will allow it.  Depends on how much equity you have.  The lending standards have gotten strict as we are expecting some bumpy waters in CA.  Other places on fire.

SOOOOOOOOO.... Depends....  

There isn't a right way. You just put together the budget, cashflow analysis, and return analysis for each and compare. I would verify you can get a HELOC right now. Lenders have gotten super tight in the last 30 days.

Sure.  How many do you want?

Oh, get the desktop version, more robust.