All Forum Posts by: Karina Segovia

@Justin Kurpius my goals are to become a full time investor I have a few rental properties, been in real estate for 4 years with no previous knowledge, bp has been of great help.. one big deal came my way and didn’t know how to wholesale it and left my hands just as quick since Ive decided to ask around and seek knowledge from people when I think I might have another deal..

I think the easement entrance on this one is my major concern-when doing comps what would you suggest?

Help..Lot for sale with a small easement to the back believe lot was divided from the house in the front, limited street access, previous manufactured home has been removed, utilities are in the lot.

Seller is letting go for $31k 

zone is R-3

LOT SIZE 0.106 acres / 4,601 sqft

My first investment and don't know what to do, I could potentially put in a mobile home and sell it, or try to flip land.

Again lot has a small access to get to the back where it's located pretend lot is shaped like a capital "P" (about 20 feet wide to get to the back- 10 feet plus another 10 feet from the duplex next door) 

Any recommendations?

Comps for lots around 50k without utilities inside lot

HI 

I purchased a home in a multi unit (R4), high density zone.

I am currently renting the house cash flow is just $50 after mortgage payment.

This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.

It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month 

Total cash flow on this property is $750 a month

I'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.

I can still rent the land and keep the cash flow at about the same amount ($700).

However there's no sewer  at this house just 2 septic tanks attached to the main house.

Workshop will need:

windows

another wall

doors

cooling and heating system

Bathroom etc...

I can build build more units attached to the current workshop since there's so much land to play with 

but i have no idea of the cost.

I purchased this home for $150k in 2016

I owe 143K

last month I paid for an appraisal and the current value is at $185

(flooring was the only improvement at the house).

Question is should I refinance and bring in sewer line, build more units or live it the way it is?

I feel that there's so much need for rentals that I can really take advantage of what this house has to offer.