All Forum Posts by: Jawei Kuo

Hey David! I like the way you're approaching this! I'm 19 and going into my second year of college this fall. I went the same route as you, studying for my real estate salesperson exam over the course of the previous summer and fall, eventually obtaining my license over winter break. Great way to gain experience and ensure you're an expert in the local area, whether its your college town or your hometown that you intend to operate your business in. Additionally, it's helped me understand the transaction process significantly, preparing for when I do take the leap into investing. 

Hope this helps, shoot me a message if you'd like to chat or have any questions!

Hey John! Welcome to the community. 

Hey Steven! I like the way you're thinking with respect to the San Luis Obispo housing market. You're pretty much on point with the average cost of a home in SLO trending at just over a million. In terms of new construction, a couple things to be aware of in San Luis Obispo County are water shortage issues and development fees/taxes which can significantly increase the building costs.

SLO city and the neighboring cities are particularly diligent on their water usage, as most of the county's water supply comes from three surface water reservoirs and a groundwater basin. This water shortage can lead to issues with development, particularly if you're looking at land and intending to connect it to the respective city's water supply/sewer system. In Los Osos for example, they just recently lifted the building moratorium which had essentially imposed a ban on construction in the town for the past decades. 

As for the development fees/taxes, my understanding is that it only applies to new construction with the intention of selling or leasing should they not contain enough affordable housing units. 

Shoot me a DM if you'd like to chat more, I'm a real estate agent and student studying here at Cal Poly!

Thank you for bringing this to my attention! Super insightful reading into each of these senate bills, I thought SB 1211 which you mentioned in passing was particularly interesting. According to the summary of the bill and the linked press release, the bill would allow the number of ADU's to be up to 25% of the existing multifamily dwelling units. The following is an example they provide in their press release.

"For example, a property with 24 apartments would be eligible to add a minimum of two and up to six detached ADUs (space permitting). In addition, if a property owner decides to replace a carport or driveway with an ADU, they would not be required to replace that parking."
https://sd09.senate.ca.gov/news/20240216-sen-skinner-introdu...

Totally understand! It can definitely be confusing especially with the way some are written. Networking with some local investors/contractors in the area who may have experience or knowledge in this area might be the best bet. 

Best of luck!

Hey Joeseph,

In terms of ADU's the city should have some information available online with regards to this, whether it be construction of a new one or conversion of an existing dwelling. In addition to this, you should be able to find zoning ordinances and/or specific building codes that the city requires or has adopted with respect to what they allow or do not allow for ADU's.

Here is a link to a PDF of Virginia Beach's residential zoning guidelines. Pg. 31 pertains to Limited Use Accessory Dwelling Units. 

Hope this helps! Feel free to reach out and connect if you have any more questions. 

Hey Hyeonji,

I know you mentioned different locations along the central valley you were exploring for cashflowing investment properties. While I cannot speak for any of the other areas you mentioned, I can provide you some insight into the investing market here in Sacramento. 

Population Growth: 49% Population Growth over the past 20 years, Sacramento has experienced a tremendous growth in population with individuals and investors alike coming in from the Bay Area seeking more affordable costs of living and lower barriers of entry into real estate. 

Median Income and Job Growth: With a median income growth of 103% over the same past 20 years combined with a 2.39% job growth, Sacramento is filled with medical professionals, government jobs, and professional services. 

Appreciation and Growth: Sacramento has seen around an estimated 256% growth in terms of median household value, with large developments planned and in progress in suburbs such as Roseville, Elk Grove, and Folsom.

My team and I at Hardin Realty & Property Management specialize in helping investors in the greater Sacramento area. I hope I was able to provide you some insight into the market in Sacramento, if you have any more questions regarding this please feel free to reach out I'm more than happy to connect and chat!

Hey Jordan! Love to see you're looking into Sacramento for investing in real estate. 

Multiple planned infill and redevelopment projects aimed at revitalizing and expanding the business and residential sector here in Sacramento, as well as a steady stream of people coming into the city from more expensive areas are all prominent contributions to the growth of Sacramento. On top of that, the close proximity to the University of California Davis as well as California State University Sacramento are contributing factors as well, with UC Davis hosting 35,000 students and CSU Sacramento hosting 30,000. 

Furthermore, a strong presence in the healthcare industry in conjunction with a multitude of businesses has boosted the presence of STR's and MTR's here in Sacramento. Catering to traveling professionals within the business and healthcare sectors, the market here for STR's is relatively stable, as compared to a more vacation driven area.

My colleague @Noah Laker with Hardin Realty specializes in STR's, managing over 100+ in various locations including locally here in Sacramento. Located in the Sacramento and having several investment properties, a couple of which are STR's, I'm sure he'd be able to provide you a lot more insight into what it's like to invest in Sacramento.

Best of luck in your research for markets, please feel free to reach out should you have any more questions regarding this area!

love the information!

Hey Colby! 

Building off of Liam's list, highly recommend Atomic Habits, as well as the Millionaire Real Estate Investor by Gary Keller. Who Not How is another one that I've found particularly interesting with regards to building your network and outsourcing your tasks, written by Dan Sullivan I believe. Tons of good information and super interesting read. 

Next up on my list is the Four Hour Work Week by Tim Ferris, I've heard it's contrarian with regards to most of the other business/finance books out there but I'm excited for a different perspective.