All Forum Posts by: Johnny Reber

Hi,

Where are flippers purchasing their tiles for bathroom renovations. I've used home depot/lowes in the past but was looking at using a supplier like Prosource to get my materials. Any recommendations on big box store vs flipper store. I'm located in California. 

Hi All,

Had a student tenant at a college rental break a lease on a property, and was unable to fill the space. Looking for recommendations for a rent collection company that can try and collect lost rent. His parents were the cosigners on the lease.

I have never dealt with a collections agency, I am assuming that will charge a percentage fee of whatever is collected? Does anyone have experience working with a collections company?

You should be able to search at the APN online through San Jose County to show all the permits that have been pulled on the property. It will show if a legal ADU was built. You can do that online or go to the building department. Regardless I'd say it is low risk. Continue occupany until there is a code enforcement issue, or work with an architect to get it permited, and say it was an exisitng strucutre when you purchased property. Citys are trying to increase housing, not remove stock. As look as the construction looks legitimate, I'm sure it is fine.

Hi Bigger Pockets Team,

          My business partner and I currently own a College student rental in Southern California. We are looking at donating 1% of the property to a Non Profit to partner with and create a Faith Based Fellowship home for college students. My current understanding is that within a partnership, if a non profit owns 1% of the property, it will alleviate the property taxes.

        Does anyone here have experience partnering with a non profit on a property? Does the 1% allow you to alleviate the property taxes? We are using Redemptive Real Estate to try  and allow the non profit to own a Property that will essentially act as a permanent endowment, that will fund other Multi Family properties they plan on purchasing in the future. The non profit does supportive housing in our town. Our long term plan is that the non profit will eventually become the majority owner, buy us out of this project, so we can move on to other investments. 

I'm building an ADU for myself in SoCal. I'm a project manager for general contractor, and am doing a lot of the work myself on this project.

Currents costs of my 412 sq ft garage conversion.  

permits/design/deputy inspections 16k

Concrete slab retrofit and footings - 10k

Framing - 6k

Demo and dump fees so far - $1k

Plaster 5k

Drywall 5k

MEPS $16500

Windows and doors 2k

Roofing 2k

= $154 Sq ft just to get to a non painted core and shell. I’m getting a lot of deals on this project - so I’m not sure how you could do an entire build out for $150/sq ft. 

Oh didn't realize you were talking about your civil here, but yes at least 10K for a civil plan. SWPPP and civil design is expensive. 

Chris,

Who is your structural. 15k sounds about right - I have a few in the great LA area I have used.

Thanks,

Johnny

 Thanks Robin - actually reached out to Easy Street for a request on a quote as well. I will reach out to Alli. 

              Hi all, I'm looking for a lender to help Refinance a property in Central California. Property is a A class student rental approximately 5 min walk from one of the largest city colleges in California (SBCC) and Near UC Santa Barbara. What makes this property creative it that it is a very Large single family home, all with private separate entries, accredited as student housing by the college. 

Looking to do a DSCR loan as the monthly income is around $35,000. I had reached out to Civic for a loan, but they have put a moratorium on creating Loans after the acting president left. Looking for a referral for a good lender that will work with us to provide a long term DSCR IO for the property.

 475k Roughly is construction costs