All Forum Posts by: Pavan Gupta

Your advice is supremely thoughtful. I will do exactly this. I doubt the city of Oakland wants to let me go a floor up, right?

Hey! I've been very seriously considering digging out my basement in West Oakland, CA. It looks like the value per square foot is on the order of $700/sqft and the property has roughly 1000 square feet below. I'm curious about whether there are folks out here that have done this before? Or, perhaps better, know folks in the region who have experience permitting and executing against this sort of plan? It's still early days, but I'm rounding out another project in Oakland and it's starting to feel like now's the time to make this happen!

It seems like the first step may be to underestand how the city allows for this kind of action to take place.

Hey! I've been very seriously considering digging out my basement in West Oakland. Based on some quick research, the value per square foot in my area is around $700/sqft and it looks like I've got about 1000 sqft below me that could be reasonably dug out and converted into an awesome mother-in-law. I'm your quintessential newbie and I'm trying to understand the path to getting this approved? Does it start with a conversation with the city? Is this even something people successfully do in the region?

And I'm very curious about contractors that you may have successfully worked with to pull this off. Perhaps even architects and engineers you trust.

And, broadly, eager to network with folks in the area that are doing this sort of work!

Hey! I've been very seriously considering digging out my basement in West Oakland, CA. It looks like the value per square foot is on the order of $700/sqft and the property has roughly 1000 square feet below. I'm curious about whether there are folks out here that have done this before? Or, perhaps better, know folks in the region who have experience permitting and executing against this sort of plan? It's still early days, but I'm rounding out another project in Oakland and it's starting to feel like now's the time to make this happen!

That's an excellent question and could actually solve my problem. I'm under the impression that I can remove one side of the agency fees if I'm acting as my own broker. I'm debating the sale of a couple large properties in Oakland, CA and I'd prefer not to leave tens of thousands of dollars on the table.

Is there an easier way to avoid that cost?

Hey! My other half and I have been quietly building a real estate portfolio for a few years and I'm starting to become interested in managing transactions without the assistance of a broker/agent. I'm curious about how people are getting their Broker's license through the RE227 (https://www.dre.ca.gov/files/p...) equivalent experience approach? How does the California Department of Real Estate consider building, owning, renting, purchasing, and other investor styled activities in Real Estate?

It's a bit open-ended, but I wonder if this is actually pretty tightly defined somewhere else.

And I'm curious about whether there are groups that will take an investor into their teams to season them for a broker's application? I suspect there's investment value in groups like that if they exist.

This is supremely helpful advice! Tank you all very much -- I'll quietly be keeping track of this and looking for opportunities to my dollars to work.

Heyyo! I'm starting to become interested in taking some of my profit and putting it into syndicates that happen to fit into an investment thesis I want to execute against, but don't have quite enough time to be a general partner and would rather silently join as a limited partner. As odd as it seems, I'm not able to find thoughtful places to my put my dollars.

How are you finding trusted syndicates?

I'm an owner-builder in east oakland building a 1000 sqft, permitted ADU. The permits were just issued and work is about to commence. I've got a ton of folks who can pour my foundation, but I'm looking for trustworthy, independent tradespeople that could pull my water, sewer, gas, and electricity out to this soon-to-be existing slab.

I wonder how you all find these folks? Happy to take referrals as well.

Stumbling into this question, I love the premise. I'm sorry it didn't get any responses because I'd LOVE to know this answer myself. Accounting well is no trivial task and I'd love to be able to do what you're asking for in this post. Did you end up figuring this out?

And since I'm bumping this post, I wonder if anyone else has a thought about how to do this excellently?