All Forum Posts by: Account Closed

I recommend stating away from investing in a foreign country if your sole purpose is for Investment. We got burned with our Investments in India due to the Foreign Exchange Rates.

Most emerging economies are high inflation which means that the currency depreciates over time.

When its time for you to bring back your investments back to the US, you will realize that you probably haven't made any gains as the gains were probably wiped off as the US $ is stronger than the currency of the Emerging country. And then you also have to consider tax implications of moving money from one country to another.

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Great Response Anish, I feel SF, Bay Area will continue to see various technology waves over the next many decades, the most recent being Apple, Facebook, NVidia, Google, Dropbox, Pinterest, Uber etc

Next will be Artificial Intelligence, Robotics, Self driving cars and things we can't even imagine and predict at the moment!

This is the hub of innovation. With that, the salaries of Tech Engineers will be on the rise.

Even with the high prices right now, over the long term I see tremendous growth in SF Bay Area.

Originally posted by @Account Closed:

Las Vegas would be my last choice. One, its in the desert and land is cheap. Therefore supply is essentially unlimited. Second, it has mostly service level jobs. They can only support house prices to a certain level and no more. Third, the economy is still very dependent on tourism.

San Jose, while the median price of $1.1M may seem steep, its very easy for a dual income tech couple to have income between 300K-400K and that supports the level of home prices. Second, land is very limited and supply is limited. Third it has a pretty diverse employment base even if it is a bit tech heavy. And you cant beat the weather and the point that everyone wants to live there.

The entry points in the Bay Area are very steep and perhaps buying purely for investment purposes is difficult. But we have ended up owning a couple of rentals which used to be primary residences and the appreciation has been tremendous and they also do positive cash flow. I totally dont believe in cashing those out for high cash flow markets in the midwest. I do own those as well and they have done well too, but nothing compared to the sheer wealth generation that the Bay Area homes have created.

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@Amit M., Perfect, thank you!

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Patrick, may I ask which company is this?

Originally posted by @Patrick Connell:

As an update, here is an email I got from another company, not locally based and appear more competitive.

Patrick,

We have the panelized kit estimate for your new homes and it includes the following:

Preliminary plans

Final plans

Assembly plans

Customer service

Delivery

No sales tax

Quality kiln dried wood

Panelized 2x6 exterior walls with 7/16 exterior with window/door openings

Panelized 2x4 interior walls with door openings

Roof trusses with 5/8 roof sheathing

Porch roof with square porch posts

Sill plate/seal for the foundation

Black paper for the roof

The panelized kit estimates are:

$31,800

Now, this is for a 1,491 sf home......

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@Ryan Solstice

Hello Ryan, I have been researching on the same topic as I have been looking to add square footage to our home.

I feel given the speed, convenience, quality and cost, modular seems like a no-brainer. And it seems its absolutely no different & perhaps even better than a stick-built home.

The challenge is working thru' the permits and finding a good modular company who could customize the home.

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@Faysal Alam Congratulations for starting out so young in your investing journey. I started early on too but was very naive and not well read in finance & investing, I wish I hadn't made some of the major financial blunders I made!

As many people have mentioned reading & updating your knowledge is key. Instead of spending hours and hours reading the forums or going thru' 1 hour podcasts (which I am guilty of doing), I recommend reading books.

Books will help you with the basics and once you have your basics, you will know what to search for on the forums.

One of the book that I found incredible was Set For Life - Scott Trench

Wish you all the very best!

As you are reading this book, keep a notebook and make notes.

1 Vote

Thank you for your reply @Steve B.

@Amit M.

@Amit M. thank for your reply, I was wondering the same & reason why I was hesitant to go to the City.

When I do start to rent the addition with the JADU (or ADU), what would be the tax consequences ? i.e. would I be able to take the expenses, depreciation etc related to the addition as well as JADU towards the rental income?

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Anyone?

1 Vote

Enjoyed reading the poll!

Do you live in California?

- Yes

Have you lived in California in the past 5 years? -

- Yes

If so, where?

- Santa Clara, CA

Will you be staying or leaving?

- Definitely Staying!

Why?

- Bay Area throws a lot of challenges at you and its not easy living here. We are always on out toes, learning new skills, innovating, having problems & finding solutions & that's why we love it here. A simple life would be quite boring for us.

What is your full time income producing job?

- My husband is in Hi Tech & I am in Finance, we both work for Tech co's and we have tried some small businesses.

2 Votes

Hi All,

New to BP and have enjoyed reading posts and connecting with BP'ers! I am from the SF Bay Area.

I am looking to build and ADU however my city has a restrictive ordinance on size i.e. 475sq feet & max 1 bedroom & 1 bath

I have a fairly huge lot (12K) & a decent size home (2200 sq feet) which means as per the state statute I could go as high as 1100 sq feet

However if the local ordnance restricts me, I was wondering if I could add 2 bedrooms & 1 bath to the main house & then build a 1 bedroom & 1 bath attached JADU and then rent out the 3 bedrooms & 2 baths together?

Would love some advise & thanks in advance!

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All Forum Posts by: Account Closed

Account Closed has started 8 posts and replied 100 times.

Post: Investing in Philippines or Thailand?

Post: Seattle, San Jose, or Las Vegas - Hottest 3 markets

Post: Renting out ADU+Portion of main house

Post: Panelized Home Experiences

Post: Build or Buy? Modular or stick-built?

Post: 23 years old , not sure where to start . Please help !!!

Post: Renting out ADU+Portion of main house

Post: Renting out ADU+Portion of main house

Post: People are fleeing California, are you?

Post: Renting out ADU+Portion of main house