All Forum Posts by: Matt K.

would it be possible to lower the construction costs by doing them in phases? 

Instead of doing all the units at once maybe break them into blocks or buildings just to be able to get tenants in? Not sure how the property is set up if this would even be possible or worth the planning/managing/headache. 

Wow, I don't even know what to make of the wealth of info available here. I've been floating around for while now trying to absorb as much as I can. I'm now moving forward with some pretty big life events so why as I get serious I figured making an account is the next logical step.

I'm looking at starting out with some buy and hold properties see where that takes me. I'm used to working around numbers/data so I've been trying to evaluate deals out there. 

Learning more and more that the Bay Area is a hard market to break into and been trying to learn about out of state markets (KC, Chicago, OH, FL)

Forgive me if this is an obvious answer but I've come into some trouble finding that answer. I'd assume more info is needed but for the most part this really just theoretical. Please see the scenario below:

Condo Unit being used as a cafe (ground floor unit). 6 year Lease @ X amount per month. 2% Annual Increase. Currently on 3rd year. 3 year option to extend at end of the lease. Tenant pays all utilities, landlord pays HOA.

Location: Bay Area, CA

Now... this unit rents for above what one would get with your typical tenant. However, if say business no longer wanted to lease unit or landlord decided to convert it back to residential would that be possible? Would this require change in zoning/permits/ restriction from HOA?

I don't really have more specific info and again I'm just looking at this from a theoretical view to see if it's even worth further investigating. I do however know that there are few units that would fall in line with the scenario posted.

This is my first post and I've tried hard to find the answers on my own... but I am obviously not searching correctly.