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All Forum Posts by: Rachel (Raquel) Hart

Rachel (Raquel) Hart has started 4 posts and replied 13 times.

Post: Where to Buy Toiletries in Bulk - STR

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Jennifer M.

I but from Public goods (online only). The first time you have to buy the bottles then just refills.

Post: 1031 Into a Vacation Rental?

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Dave Foster thank you for the quick reply, I sent you a DM to continue the conversation!

Post: 1031 Into a Vacation Rental?

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Dave Foster How about if you buy a property as a second home to use as a short term rental, make some renovations, but then decide to sell it using a 1031 exchange to get another second home to use as a short term rental. Is that allowed? Would have the new property being purchased needed be an investment property instead of a second home?
Along the same lines, since I purchased the house as a second home and not as an investment property I am unsure if can qualify for a 1031 exchange. 
Thank you!

Post: Foundation Issue Found - should I buy it???

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Matthew Irish-Jones thank you for your reply Matthew, we have scheduled a structural engineer to come on site to give us a report. But like you said, we don't know the level of the problem, and that's concerning. 

Post: Foundation Issue Found - should I buy it???

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Dan H. - Hi Dan! Thanks for your reply. Good to know about the sand as infill, this property is in Encinitas, so sounds like that there is a chance this might be a common issue in that area. 

It's also good to know an average cost to fix a foundation issue in SD. I have a licensed contractor checking out the foundation on Monday so we will know how much it will be. 

Thank you for your inputs!

Post: Foundation Issue Found - should I buy it???

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Patrick Drury - thank you for your input, it makes sense! 

Post: Foundation Issue Found - should I buy it???

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

Hi everyone,
I just opened escrow for a single family  home (two story, split level) in San Diego and during inspections yesterday some serious issues with the raised foundation were found, the house is partially on a slab partially raised. Below are more details from the inspection report concerning the main issues (the first two listed are the main ones). 

My question for you is, if the sellers credits us and these issues get fixed by a certified foundation contractor and we buy the house, do you think I would have any issues reselling this property in a couple years based on the fact that prospect buyers might be skeptical regarding a previous issue? 

Thank you!

Page 8 Item: 2 Foundation
Perimeter
• There has been additional concrete installed at the base of
the home (concrete curb). This may indicate settling and or
movement in the stem wall and recommend you consult with
the seller regarding this condition. We recommend the over
condition of this concrete curb and stem wall behind this curb
inspected by a licensed foundation contractor for signs of
settling. Location: Rear of the home.
• The concrete flat work is installed high on the stucco at the
rear of the home. Additional flashing and sealant was installed
at the flatwork to foundation intersection. We recommend the
this are evaluated by a licensed foundation contractor. During
the inspection of this area, we recommend the living room
slab inspected for signs of settling as high and or uneven
sections are present on the tiled surface. Note: The
homeowners personal belongings may need to be removed in
the living room.

Page 10 Item: 4 Raised foundation
exterior walls
• There are signs of water efflorescence (white powder on the
foundation walls) under the house foundation. We are unable
to determine the exact cause and recommend a licensed
foundation contractor evaluate this condition. The potential
homeowner has been advised of this condition at the time of
the inspection. Note: A Water line is installed is the curb at the
rear of the home which appears to be leaking and should be
evaluated and repaired during the inspection of the
foundation.
• There are horizontal settling lines present on the stems
walls. Due to the size, we recommend a licensed foundation
contractor evaluate this condition. Location: Throughout the
perimeter of the home.
• The concrete wood plate bolts show signs of rusting which
we recommend you have evaluated by a licensed foundation
contractor. Location: Throughout the foundation.

Page 13 Item: 5 Floor framing • The original post and pier framing remains throughout the
property. Current standards do require steel attachments
(seismic retrofitting) at the post and pier connections;
although, this type of floor framing was common during the
construction era of this property. Note: A high spot is present
in the sub-flooring of the living room and a settling line in the
ceiling directly above. This may indicate settling in the piers
and or the foundation. We recommend a licensed foundation
contractor evaluate this condition.
• Moisture is present in the soil under the raised foundation.
Due to the amount, we recommend all the post and pier
inspected for signs of settling.
Page 14 Item: 7 Foundation
Plumbing
• Plumbing- Main drain line. We attempt to evaluate drain
pipes by flushing every drain that has an active fixture while
observing its draw and watching for blockages or slow drains,
but this is not a conclusive test and only a video-scan of the
main line would confirm its actual condition. Due to the age of
the home, we recommend you have a video-scan of the main
drain line performed, to ensure there are no damaged
sections of the cast iron piping and or A.B.S. plumbing.
Page 14 Item: 8 Dryness/Drainage • There is evidence that moisture has migrated under or
through the stem walls of the raised foundation. We are
unable to determine the cause of this condition. We
recommend you consult with a specialist regarding this
condition as prolonged excess watering may cause future
damage to the foundation walls. The potential homeowner has
been notified of this condition at the time of the inspection.
Note: The are signs of settling (horizontal settling lines in the
stem walls)



Post: Newly constructed ADU Unit at our primary property.

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

Investment Info:

Single-family residence other investment.

Newly constructed ADU Unit at our primary property.

What made you interested in investing in this type of deal?

To create another source of income without having to get a loan and with small risk. We leveraged our current property space to create an extra source of income via short term vacation rentals.

How did you find this deal and how did you negotiate it?

We built the studio from the ground up.

How did you finance this deal?

Used cash and low interest credit card.

What was the outcome?

Successful Airbnb rental that brings consistent income with little work.

Post: Should I use Redfin to sell my flipped property?

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

@Charlie MacPherson thank you for bringing up those points, very valid and I will be taking them into consideration!

Post: Should I use Redfin to sell my flipped property?

Rachel (Raquel) HartPosted
  • Flipper/Rehabber
  • San Diego, CA
  • Posts 14
  • Votes 2

Hi Everyone! We are close to finish our flip, it's in a sought after area of San Diego for single family homes. I have plans to use a Redfin agent to sell it with the intent to save some money on commission. Since this is our first time, I am looking for your opinions based on experiences using a Redfin agent. I've also heard of companies like Faira which you sell at 0% commission using their platform and dashboard to sell on your own. Please share your insights.

Any information is appreciated! 

Thank you! 

Rachel