All Forum Posts by: JingJing He

Bigger is not better as in who will be able to afford two houses on one lot and how will u be sharing the space with renters?

It would say it all depends on your needs. I am a realtor and my dad is a contractor. I don’t think your 200k investment would necessary just add 200k overall value to your house in the sense that this add on make it harder for normal first time home buyers to suck up. However, if you are going to stay at your current house for the long haul, it is not a bad investment and the rental newark is hot. Well, Facebook is expanding to Fremont~ My suggestion would go to build a smaller unit. A 250 soft will be plenty for a studio and can go for $1500ish a month. And a bedroom will go for $1800 ish with 350-450. For 600 soft u can totally do a two bedroom. If you go for the style of tiny homes and rent to a single working professional, I think you can go in with less and balance it out when you want to sell with neighborhood comps. If you go to the add on route(add a bedroom and a bathroom), you can think about the add on functioning like an attached “in law unit” with a hot plate for working professional to cook on, with that I would say rents about 900ish depending on the set up. I think my question to you would be, how many people do you want to share your yard with? What’s the parking situation? And all...

I would say do some comps for recent sold properties that’s remodeled and see how much your flip would be sold for if u do the same amount of work, then you can tell if you are making a profit or

You need a HIRE a lawyer! Stop trying to get a short cut! You can be in a world of hurt for what you did! This is business as usual, and stop making it personal. Don’t go around work and bad mouth this person either! You had own this unit for 20 years and you can easily lose it! Just know mentally prepare urself to lose 5k-10k if not more. She could be trashing your place if she is being evicted. Offer her money, not 500, more like 2000-3000 depending on your rental market, for her keys with hiring a lawyer to draw up the agreement. The more illegal stuff you do, the more money you will lose! Again, don’t take it too personally, better yet, ask your daughter to help you with the work, so you won’t mess up because you are feeling a lot.

@Colin Lee I would say so. Will your name be on the title? How do you cover your grounds to protect your money? What’s your relationship with the realtor?

80% purchase price for 10% interest???? I would run.

Not sure if you still need help, but I know a thing or two. :)

I see that you are jumping in as opposed to waiting. :) Oakland is a great place to be. P.S. I am a realtor.

There’s on in east oakland close to mills college that I have been eyeing on. 4 plex, don’t need much rehab and cash flows a little, but best if you can do owner move in.

Why won’t you show the unit while tenants in place? People sometimes hire professional company to come pick and move.