All Forum Posts by: Rita Roy

I am in the final stages of construction drawings. So I am absolutely moving forward with the projects. 

Which conference or platform was the best for information on construction lenders and contractors? I am doing my 1st ground up construction of a 25 unit and would like to get more information on how to go about it as well as as develop contacts.

The goal is to get answers on what is the best process for purchasing materials, best practices things to avoid, how to write a construction contract etc

Please feel free to share your knowledge and wisdom.

Which conference or platform was the best for information on construction lenders and contractors? I am doing my 1st ground up construction of a 25 unit and would like to get more information on how to go about it as well as as develop contacts.

The goal is to get answers on what is the best process for purchasing materials, best practices things to avoid, how to write a construction contract etc

Please feel free to share your knowledge and wisdom.

Hello Every one,

This is 1st purchase of a mixed use lot. I am looking to build apts however the city requires me to build some commercial which I have no experience with. I am looking for some advice on what commercial should I build on this mixed use lot (offices, retail etc). There is about 50' of street frontage. What strategies or investigations should I undertake to help figure out the best commercial development.

Thanks for your help in advance!

Hello Every one,

This is 1st purchase of a mixed use lot. I am looking to build apts however the city requires me to build some commercial which I have no experience with. I am looking for some advice on what commercial should I build on this mixed use lot (offices, retail etc). There is about 50' of street frontage. What strategies or investigations should I undertake to help figure out the best commercial development.

Thanks for your help in advance!

Hello Every one,

This is 1st purchase of a mixed use lot. I am looking to build apts however the city requires me to build some commercial which I have no experience with. I am looking for some advice on what commercial should i build on this mixed use lot (offices, retail etc). There is about 50' of street frontage.  What strategies or investigations should I undertake to help figure out the best commercial development. 

Thanks for your help in advance!

Hi Bruce, I agree with Arlen if your not re-investing your money its seems like a waste to sell your rental. Your making good income on it monthly. Sell your property only if you need the money. As for moving, one of the hardest things to get in a property is a neighborhood you like so I would stay put in your current house. 

If you really think about it once you sell your house you will not net that much cash in the bank. Once you pay the realtor to sell it, pay govt taxes etc etc. Maybe about ~200K is it really worth it? I would recommend doing a 1031 exchange instead or better yet hold on to the property till you need the cash. Kids college fund. Property prices are growing in the bay area. I know as I am a realtor in Cupertino and have investments of my own here.

If you would like to meet and discuss this further ping me and we can chat. If you would like to list your property or do a 1031 exchange I can help you with that as well.

-Rita

The costs i have are all actual based on research  I have done. I plan to spend a good chunk of my money on the remodel of the kitchens and bathrooms which will make the higher rents more realistic. 

there is no rent control in the area as far as i know. This is going to be my 1st multi family property. 

Is there a formula on how to calculate the right selling price for the property? 

Thanks