All Forum Posts by: Juline R.

Thank you so much, this is really very helpful to have your feedback.  

So next question....when I sell, I owe the refi loan back and taxes on the profit unless I 1031 into something, which I think has to amount to the same as the profit (?) and I don't imagine I will be eligible for a traditional loan again since I don't plan to work another long term salary job. 

Should I let it sit and stay rented, and invest the refi cash?

I own a 5500 sq ft lot with a 2200 sq ft victorian on it in Uptown, West City Park, Denver.  Zoned RO-3

Home has lovely space, great location, 3 car garage, never a vacant month 18 years, I don't want to hold the home itself past 5 years, but I don't want to completely lose the land.    

I leveraged to 70% so I can buy more, develop or grow somehow which sadly I have been just holding refi cash for a year paralyzed in fear, I currently break even or lose slightly with the refi, rental income/expenses including mediocre property management 10.5% but I haven't been in the area for years.

So....about the future I need a plan, I need this property and refi to get me out of working 5 years from now.... and still keep a unit or part of the lot....the world is so uncertain I don't want to give up having a roof over my head that is paid off and in a great location...I am struggling with that now having lost my LA apartment after 17 years and being outpriced to stay.

RO-3 is eligible for 3 story multi-unit, office and or living

These thoughts may be inaccurate, I have no experience just a lot of ideas, no partner to work with yet, my research leads me in insecure circles and i have no idea what is actually possible, I am out of touch with Denver and not sure where to turn for a reliable resource with facts, answers, ability... 

• Rent as different use, higher price, rather than residential single family for up to 5 years while I make a plan (furnishing would need to be purchased or rented)
  
  • Furnished bedrooms, furnished living, monthly individual room rentals
  • Unfurnished bedrooms, furnished coliving space, monthly room rentals
  • Business rental
  • Garage profit
  • Continue SF rental
• Subdivide and sell but keep myself space for a tiny home
• Partner with a developer
  • Multi-story, maximize units, sell individual, sell building, rent all, unit has to be kept for myself
  • 2-3 large units

Help.

Venice Beach 16 years, when I lost my $3200.00 month rent control apartment and the unit upstairs was listed as $8500.00 I left....and the homeless situation is terrible on top of it.   Unless you are in sales or tech, the salary ranges can't keep up with the cost of living. 

However, I miss it, I can't find anything else in the USA that seems to satisfy...Denver is too cold, may try San Diego.   I have attempted the east coast road trip and some time in St Pete Fl.... just not finding my people out here, when I looked for live music the other day and found none....well that did it....back to Cali I think.

[email protected] talk soon

Where are these properties, can you email me what is still remaining..... [email protected]

Ryan Fitzhugh your contact info isn't available- I'm looking to invest in Tampa, get in touch with me

@Jeff Greenberg  I understand this weekend your group may be getting together at the Unurban.... could you please add me to your email for the SM meetup I live here in Venice,   [email protected] - thanks I look forward to meeting up!  

Tandem 

@Niccolo Casewit I would love to see your Tandem home protypes on the large side.... I have the zoning and space to add a full second home behind the original as well as a 3 car detached garage.  

@Patrick McCandless add me to your pocket listings for multi-family as well, A and B properties :)

[email protected] 

Thanks!

Ken Truong I'm also researching my first lend for a flip in CA.... based on what you learn, perhaps we could split attorney cost to get the forms and info we need? Keep me up on what you find out...so far I only googled around for a night and lending seems risky and complex. In my case I haven't set up a LLC yet either- also looking for a CPA for that. Are you lending under your name or an entity? Juline