All Forum Posts by: Mark Frattini

Check with Maxable and ADU Geeks. Both specialize in ADUs and are based in San Diego.

@Mary Ainsworth

Use 1.1%-1.25% of the purchase price and that should give you a pretty good idea what your annual property tax expense will be. Also, don't forget to add in the Mello-Roos if there are any. 

Hi @Christian Perez 👋

I was working as a pediatric cardiac sonographer when I started my real estate investing career. Fast forward 10 years and now I'm a full time realtor in San Diego with enough rentals to keep me busy. Let me know what I can do to help. 😊

My advice is to get your vacant home rented asap. Vacancy can be a huge expense and will chip away at your ROI.

Hi @Juliana Velati 👋

Welcome to BP! Keller Williams is a great place to get started as an agent. I would recommend interviewing several different brokerages before deciding. You can ask to sit in on a team meeting and talk with other agents in the office. I started off as a real estate investor and then several years later I received my license. I enjoy working with a lot of investors in San Diego and found that having a background investing in my own properties has really helped. Let me know what other questions you have. I'd be happy to help!

Hi @Parker Seale 👋

Welcome to BP! Nice to see another local member from San Diego.

@Andrea M.

All of the best ones are usually pretty busy however it shouldn't take that long for just a phone call response. I have a list of contractors that I use when the ones at the top are too busy.

@Michael Aguirre

Congrats and welcome to SD!

House hacking or finding a 1-4 unit property using the VA loan is about as good as it gets right now.

@Nate Wiger

I like the idea of sticking with what you know and keeping things simple. People will always need housing regardless of what's happening in the economy. You could leverage your cash to do a 1031 upleg into a 1-4 unit residential property in San Diego. Hold it while you build up equity and once rates drop you can refi, pull out some cash and redeploy into another one. 

@Anh Nguyen

I think you are on the right path and getting your first place to house hack is one of the best ways to get going in real estate. Continue to save aggressively, lower your other living expenses, reduce discretionary spending and buy when the time is right and you can afford the payments. Your cost to live in a room is low but don't forget to consider the opportunity cost of not buying. With your income and low rent saving for a down payment should be quick and easy. My suggestion would be to not try and time the market ie. waiting for both rates and prices to drop. Both of these factors are inversely related anyway and it's going to be almost impossible to time a "bottom."

In our MLS we can use a string of search terms that will pull out properties with an ADU. You can't do that with Zillow.

Thanks for the mention @Brock Dowis. @Alfred Reserva

@Alfred Reserva I'd be happy to help go over comps, discuss strategy or just talk shop anytime.