All Forum Posts by: Wilfred Diaz

Hello Everybody,

I have a property in Lakewood, Ca that's in need of interior and exterior paint (stucco). It's 1,000sq, 2bed, 1 bath and I will likely be using very simple single-color scheme for renters.

What should I expect the rough going rate should be for a project of this size?

If anybody is available to come out and give me an estimate, that'd be even better.

Please respond with any questions.

Thanks,

Wil

Hello Everybody,

I have a property in Lakewood, Ca that's in need of a new roof. It's 1,000sq, asphalt shingle, not-complex. I believe there are 1-2 layers of roofing currently on the roof.

What's the going rate (range), per square, to remove, haul away, and replace this type of roof? Please include labor, materials, and dumpster.

If anybody is available to come out and give me an estimate, that'd be even better.

Please email me with any questions.

Thanks,

Wil

Hello Everybody, I will be selling my current home and purchasing a new home(that will need some remodeling) with the hopes of using a 1031 exchange. I would like to know what this process is like. Here are my details. I will be netting approximately $450k cash from the sale of my primary residence. I intend to purchase my new home for $680k, but intend to do approx $30k in remodeling. How can I use some of the cash from the sale of primary residence via the 1031? If possible, I plan on selling my residence first and living in the new home during the remodel, which I plan will take 2 months. How would this transaction work and how much would it cost to use an EAT? Thanks in advance!

@Manolo D., Thanks for the heads up. I'll make sure to look into that.

I'm currently in the process of seeking estimates for remodeling my primary residence. I've been looking for contractors and have had poor luck. I then thought, what better way to find a good contractor than by asking the people that work with them all the time! You all!

I'm in the Long Beach area. I own a single story 2/1,1000 sqft home on a 5000 sqft lot. I'm looking to expand to a two-story, 4/3 with an in-law suite(included in the 4/3 number). New square footage can vary.

Please post/refer any trustworthy contractors in the local area. You can message me or post on this thread.

Thanks,

Wilfred

Thank you @Andy Mirza

Welcome to BP @Howie Fitzgerald . Good to see another LB local here!

@Andy Mirza Do you happen to have any information on the long beach REI club? I'm interested in learning more about the local area. Thanks!

Hello @Leo A. as I get more involved in REI, it'd be great to share, since we are in the same area! How involved in local REI are you currently? (I know our market can be difficult for entry level.)

Thanks for the feedback @Sam M. I've been doing most of my searching via Redfin. Not the best, but it works. How do you search for your properties?

My intentions with this search were to buy and hold with cash flow. I do not plan on appreciation. I consider appreciation as icing on the cake or a bonus, but not really a solid reason for me to purchase. That being said I'm currently searching for properties that I can cash flow.

I've been looking at some condo/apt units surrounding UCR area and on the surface they appear to be tight, but reasonable to cash flow. This is assuming 20% down financing and including HOA dues. NOT including property management, though.

Does anybody have any experience in this area? Is there anything about that area that is problematic that is not visible by driving around or noticeable in the numbers?

Any feedback would be helpful.

Thanks!