All Forum Posts by: Ryan Hopkins

Thanks @Dave Visaya! 

Hey everyone! First time starting my own thread on here...it's a doosy.

Been on BP for about a half a year now and have really enjoyed meeting and chatting with local investors, some even from afar. I am an architectural designer and contractor and my wife, @Heather Hopkins is a realtor in the bay area. We have been enjoying BP for the ridiculous amount of resources it offers, not to mention the great and quite helpful members, especially in the SF Bay Area. We have been discussing starting our own Meetup in Walnut Creek to centralize our expertise and bring members, new and old to simply discuss their conquests.

I am also here with the hopes that there are some lurking developers looking for someone with my skillset. The more I work in the industry the more I enjoy the bigger scope development projects, especially ones that have a higher purpose in sustainability. If anyone knows anyone who is looking for anyone like me, would love to chat!

Looking forward to continuing utilizing and helping on this great platform. In case I don't see you, good afternoon, good evening and good night! 

@Marco Moreno I feel like a bit of a broken record so apologies if you've heard this before but @Heather Hopkins has ahelped a few BP members find properties already. She will bend over backwards to find what you're looking for.  Happy hunting!

Welcome @Hui Kiang! @Chris Mason said it right; Solano County, Sac, Contra Costa and San Joaquin county have plenty of opportunities. Lots of infrastructure and city/town/county investing going on. If you can get ahead of these hubs and have someone plugged into the local development, you'll find where to best invest and for what. Feel free to reach out with any questions! Good luck on this roller coaster!

Hi @Luis Velasco you are like a one stop show! Would love to hear more about how you set up your business model. Let's connect!

@Jeff B. has it right.  The investment is made at acquisition. There are plenty of creative ways to structure the deal, so make sure your realtor follows through on that.

I think this really depends on a number of variables, but your first concern is always to maintain the health standards for your tenants.  Get those updated undoubtedly.  If your finances see fit, I would go through unit by unit to update and take care of the deferred maintenance.  Once complete you will be presented the opportunity to increase rent, move on from the tenant or a combination of both.  Monetize the cost-benefit, outside of the health standards of course, and put that into your cash flow analysis.

Keep us updated on you approach. 

thanks for posting @Alex Sloan. @Heather Hopkins 

I am going to have to read over this again, however upon first read the verbiage is intentionally very loose with the intent to derive stipulations on day only where there "are currently none". I work with county and local government every single day. Most have their own regulations, like Danville can have an adu of no larger than 750sf, can't be within the setback unless 65ft from the front property line, separate utilities must be run, etc etc...I would absolutely love for each of the towns to ascent to the new statute! Reality is, most have specific regulations in place. I will have to read through this more carefully to be sure though. Keep posting and updating your finds as you read through the legislation please!

Not necissarilly. There are now conventional 5% loans offered with no pmi. If you can owner occupy and receiver the numbers you are looking for with 5% conventional, go for it!