All Forum Posts by: Sayantan Satpati

Yes, I am considering Habitat. Will speak with few other before I make a final decision.

@Anil Bansal Can you share the details how you were able to build the ADU @ 250 / sq ft? Best quotes I am getting are around 350 / sq ft. I need to do something similar to go cash flow + ve.

Thx a lot @Dave Foster @Alex Olson. I'll focus my time/effort in researching the market I am interested in. 

@Dave Foster will reach out to you once I am ready

Hi, 

I am looking for suggestions on strategies for doing a 1031 exchange for my rental condo (1.05m value in the Milpitas Transit Area). Currently, the rent pays for PI/PT/Insurance. 

I plan to buy 2 properties in the Sac area in exchange for this one. Some of the possible ways I can think of are:

1. Buy 2 SFH in Roseville/Rocklin
2. Buy 1 SFH in Roseville/Rocklin and 1 Duplex in the Greater Sac Area
3. Buy 2 Duplex in the Greater Sac Area
4. Last option is to do nothing and hold on to my condo & keep playing the appreciation game

And then how easy it is to do a 1031 with multiple properties?

Looking for suggestions (and help with buying/managing if I decide to move forward) on what should be the best strategy given my situation.

Timeline: next 3-6 months.

Was searching for info on East Palo Alto when I bumped in to this old thread. Any opportunities in EPA? Any feedback from folks who have invested there? I see some comments on +ve cashflow. Is it possible now?

Here is the original article posted at Realtor.com: top-housing-markets-2021

Is this still a good time to invest in Sac area? Also, any thoughts on SFH vs Multi Family?

Cities I had in mind: Roseville, Rocklin, Folsom, EG, Natomas area?

@Chen Zhou Thx a lot! Do you know whether the unit needs to be owner occupied if I build a JADU as well. Or is it ok to rent out the triplex(main,ADU,JADU) completely in San Jose?

Thx @Steven Nguyen @Chen Zhou @Collin Chan ! Really appreciate all the great info.

I got a rough quote from a contractor this morn. He is asking for $350/sq ft + 30k extra for separate utilities. For a 1000 sq ft (allowed for my plot size), I am looking at 380K. Is this a fair price for San Jose area? 

Few more questions:

• Pros/Cons of modular v/s building from ground up? Will ground up hold more long term value? I understand the modular will save time and cost.  Great to know that tenants cant tell a difference!
• Pros/Cons of building a 1 story v/s 2 story ADU. Apparently 2 story is cheaper due to lesser footprint. Also it allow for more space in the backyard.
• If I convert my attached garage in to a JADU (allowed in San Jose), will it impact the rent of the main house? JADU will only make sense if the combined rents of JADU + main house is significantly more than the rent of main house alone to justify the investment. 

I am also looking for a contractor to build an ADU. Please add me to the list as well.

Hi,

I wan't to build a detached ADU in our backyard. This would be my first home building/addition project. I was looking for suggestions on:

1. Total Cost & Cost per sq / ft 
2. Project timeline
3. Suggestions on contractors
4. Can I have tenants in the house when we build the ADU?
5. Can I additionally convert my garage in to junior ADU?
6. Can I expect comparable rent from ADU (per sqft) as from the main home?
7. Any other tips/suggestions? 

My objective is to rent out the home and ADU separately