All Forum Posts by: Irina Goriatcheva

My partner and I are looking to purchase a residence a TIC for a two story unit in San Francisco. It's priced well, particurarly perhaps it is a TIC and is scaring away other buyers. Admittedly this is our first experience with TICs and are trying to learn as much as possible about them within our exceptions period.

We are now come to understand that financing the TIC might be an issue, and waiving the financing contingency might not be a good idea. It sounds like the process is much more complex than a standard loan and would need a legal review of all of the TIC documents prior to close which might slow down the process.

One caveat is that it's a 2 unit and the other owner wants to do a condo conversion. This will be a primary residence for us and we'd imagine doing the condo conversion would add equity to the property. I've heard that the fees would be around $20-$30k though. Has anyone dealt with TICs in SF? How did the financing process go? And more generally, how was the TIC experience?

My partner and I are looking to purchase a residence (a TIC which is another cup of worms) two story unit in San Francisco. It's a great price but it's on an unreinforced masonry (brick foundation). We'll find out more details during our inspection on Monday as well as an estimate for the foundation reinforcement. But my question is, how common is unreinforced masonry in SF and have any of you had experience there? This is a victorian house which we love so we might have to take the good with the bad if we want a victorian. The house is not directly on (but about 4 blocks away from) a seismic liquefaction zone. Has anyone else had any experience with unreinforced masonry, and how did it turn out?

We had an offer accepted today and are looking for a great inspector! Any recommendations would be warmly welcomed.

Thank you!

My partner and I are looking for vacation rental property managers in 29 Palms / Joshua Tree area. If anyone has any referrals or channels for finding good PMs I'd love to learn about those. Thank you all!

Hi own an e-commerce and REI business and am looking for a CPA that is both knowledgable about real estate and online commerce, including blogs, online merchandising, YouTube, etc. Where is the best place I could go to find someone who has this combined background?

What are your capex and opex expenses in dollar values (not % of rent)? What is your market and property type?

@Darius Ogloza haha yep.... you have an excellent point! It’s just terrifying right now!

I'm a first time home buyer and finally ready to buy where I live in the San Francisco Bay Area. I'm targeting a 3+ bed home to rent out with a granny unit where I will live (or rent out a room at my parents' for that matter). The goal is to bring down my rental costs to $1000 while building equity in a property. Of course it's a sellers market and prices are quite inflated, but I have more purchasing power now that the rates are now. I'm thinking of waiting a year for the crash, but I'm worried about the inventory drying up and IR rates so high that I would now only be able to afford at most a 2 bed condo as opposed to 3+ bed home. 

Even with the craze, I'm not seeing a reason to wait for the crash. The Bay Area is affluent so I don't see the foreclosures hitting the market doing a significant dent, and even with work from home a lot of the companies would still prefer for individuals to come in as COVID settles down so I wouldn't predict a significant drop in demand and a huge influx of supply. 

So even though it's a crazy market, I'm not seeing enough reasons to wait. Are you seeing something that I may be over looking? 

(The one risk that does feel very real is that I don't know what the rental prices will do...)