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All Forum Posts by: Rita Blinchik

Rita Blinchik has started 1 posts and replied 3 times.

Land & New Construction

Post: When does it make sense to level a house and build new?

Rita BlinchikPosted
  • Pasadena, CA
  • Posts 3
  • Votes 1

unfortunately, pretty standard. We live in California. The problem here is too many existing constructions. :)

0 Votes
Land & New Construction

Post: New Potential Investor in Pasadena CA

Rita BlinchikPosted
  • Pasadena, CA
  • Posts 3
  • Votes 1

Hello,

I am a newbie here and find a lot of useful information on this website. I live in Pasadena area in California and it seems that starting out in this immediate market is not the best idea for a new investor. I would imagine it being a bit more profitable and faster to make money on rehabs or flips in the surrounding areas. I have somewhat limited experience in home construction, as very recently I built a home for a personal use. So I have a real expectation of doubling the price and time that the contractor promises to deliver :)

Can anyone share their experiences on starting out in real estate investing in this area? Would appreciate any advice I can get from the community as well as make any new connections.

0 Votes
Land & New Construction

Post: When does it make sense to level a house and build new?

Rita BlinchikPosted
  • Pasadena, CA
  • Posts 3
  • Votes 1

Did someone mention time needed to obtain permits? I just build a house in a relatively upscale area, and permits alone took about 12 months to obtain.

1 Vote