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All Forum Posts by: Ed Zhao

Ed Zhao has started 5 posts and replied 23 times.

Post: Natural Hazard Disclosure

Ed ZhaoPosted
  • Posts 23
  • Votes 8

@Bruce Woodruff. Thank you for the advice

Post: Natural Hazard Disclosure

Ed ZhaoPosted
  • Posts 23
  • Votes 8

@Rick Albert. Thanks for the replied. The house is on the flat land. The information in the report is so general. There is also no visible cracks but the owner recently painted the house too.

Post: Natural Hazard Disclosure

Ed ZhaoPosted
  • Posts 23
  • Votes 8

Hi all,

I am in process of buying a single family house. As I studied the NHD report, under the Geologic section, the expansive soils and subsidence sections are marked "in high" what is this mean? Should I concern? Thanks in advance for your help.

Originally posted by @Bruce Woodruff:
Originally posted by @Ed Zhao:

@Jaimin Patel he is not paying, why that's not a valid reason to evict?

 It's in San Francisco....you can't evict for non-payment of rent...

In addition, the San Francisco Board of Supervisors passed Ord. No. 216-20, which was later extended, that prohibits the eviction of residential tenants before September 30, 2021, unless the eviction is based on the non-payment of rent (in which case the statewide eviction protections described below apply), the Ellis Act, or is necessary due to violence-related issues or health and safety issues.The State of California Enacts Statewide Eviction Protections for Non-Payment of Rent.On August 31, 2020, after the local COVID-19 eviction protections went into effect, Governor Gavin Newsom signed AB-3088, also known as the “COVID-19 Tenant Relief Act of 2020”. AB-3088 is a statewide law, which provides in part that residential tenants who are unable to pay rent due to COVID-19 cannot be evicted (now, or in the future) for unpaid rent that became due between March 1, 2020 and January 31, 2021, if certain requirements are met. On January 29, 2021, these tenant protections were extended through June 30, 2021. On June 28, 2021, the Governor signed AB-832, which extends these tenant protections once again, through September 30, 2021. AB-832 requires the tenant to provide the landlord a signed declaration in response to a 15-day notice to pay rent, AND to pay at least 25% of the rent owed for the period between September 2020 and September 2021 by no later than September 30, 2021. The 25% rent amount can be paid in monthly increments, or in one lump-sum. Although AB-832 protects tenants from eviction if they comply with the requirements, the unpaid rent is not forgiven or cancelled, and the landlord may take the tenant to small claims court starting on November 1, 2021 for any rent that is still unpaid.

@Jaimin Patel he is not paying, why that's not a valid reason to evict?

@Jack Orthman

I like your advice/attitude. Please leave contact information for future need. Thank you.

@Steve K. I use " house slave " because I always require to wiped their butts when needed, and they, the tenants, can decide when or not to pay me for the services. J/k

Post: Sacrament area rental

Ed ZhaoPosted
  • Posts 23
  • Votes 8

Update on my Sacramento rentals. I did ended up bought a duplex in Carmichael and 6 units in rancho. Both of them getting about 8% cap and finding tenants were very easy, but unlike my bay area tenants, Sacramento tenants do need to be chased for rents.

@George Yu first congrats on the success. Often time I saw these amazing stories. You mentioned you build your units around $1.5M. Recently, I look at a beat down single for flip in San Francisco Bay Area, the quote i got was $1.5M to remodeled, not including the cost of buying the house which close to $1M. I just can't imagine building a 50+units only cost $1.5M. Is these costs depend on locations? Isn't the lumbers price more less the same across the country? Am I missing anything here? Thanks in advance for your answers

Post: High CAP Properties

Ed ZhaoPosted
  • Posts 23
  • Votes 8

Is there a such thing high Cap properties with minimal headaches? It seems no brainer one should buy the cheapest properties with high rents. 10x$60k units with $1000 monthly rent is better than 1x $600k with $5000 monthly rent. A 20% cap always better the 10% cap. If this correct, why people buying 100 units with multi millions and only collecting 4 or 5% cap? Why an investor want to sell a property that producing 20% cap? Help me understand.