All Forum Posts by: Jason Hsiao

Yeah, if it's in the City of LA, you're prob looking at 1.5-2 years @Yasser Siddiqui. If it's in County jurisdiction prob around the same. If I see something that matches that I can forward you, we don't really do individual SFH's anymore or put you in touch someone to help you look. DM me if you're interested.

This is a duplicate. Please RSVP w/ the other post.

It depends on the product and where you're building @Yasser Siddiqui. We build around Silver Lake and along San Gabriel Valley. LA around the metro stops there are a lot of developments coming online, I can see multifamily in those areas getting into the oversupply territory.

Where in LA are you looking?

Hey @Vivienne Chen, 10% of the hard cost. It's an estimate really, not a hard and fast rule. Once you have it in contract during your due diligence contingency period you can get quote to firm up your numbers.

I have a number of projects down in San Gabriel Valley and my parent live right in Arcadia. Feel free to msg me with whatever help you need. Land is the biggest cost, maybe... 30-35% of your exit value, construction is the next biggest, depends largely on scale and quality of finishes maybe another 30-35%. Permit varies depending on agencies. In the end we try to hit 30% return, depending on how we financed the project.

Hi @Mina Kam, what kind of project is it and where?

For a quick back of the napkin financials, the main things to consider are your acquisition cost, hard costs - material and labor, soft costs - design and permit fees etc, and commissions, holding costs, and financing.

hard costs can be hard to estimate and varies widely across the nation. You can get something from RSMeans to be in the ball park. Soft costs typically people might estimate 10% and another 5% for permit fees etc, again that depends on where you are, here in Cali permit and impact fees etc are quite a bit.

Exit value is hard for me to say, which is why I asked. If it's just regular residential you can pull comps off the MLS. If it's MFH, apartment, or commercial deals you'll need to estimate what your end NOI might be and the current cap rate in your market to determine the exit value.

I use All Spectrum for all my properties @Bruce Mac. They're fast and responsive. I use them for all my properties. They should be able to help you and quote out just about any scenario you can think of. I just tried to post their contact info and looks like that's a no no on BP. Msg me and I'll send you their email and phone numbers.

I don't have any picts myself @Account Closed but if you reach out to the architects that were on the panel - profile info in that post I shared - they should have some. My other friend Adam Mayberry who was not on the panel has some from his IG account - https://www.instagram.com/adamsmayberry/ You can reach out to him as well.

@Gary F. a one bedroom or studio, depending on where in San Jose and the finish will go for about $1,500 - 2,000/mo. I hope that helps you assess the ROI. Most ADU's I've heard or seen is getting around 15% ROI. Your mileage may vary depending on your assumptions on expenses, capital reserves, etc.

We had a panel of architects and someone who's actually gone through the process as a regular home owner at our Meetup back in May. The all-in costs including material, labor, permits, foundations, etc excluding your furnitures is around $120 - 150k. You can find some relevant info here: https://wp.me/p8Uf93-99

Looking to connect with commercial brokers in the Stockton area for small-mid size apartment investment. Please PM or comment here. Thanks!