All Forum Posts by: Sean Yan

this is an old post, and I’d like to bring the conversation back. Does anyone see the property tax bump to landlords passed by EPA? I feel this has something to do with the high percentage of landlords among EPA home owners. Any thoughts or insights?

For the OP, I would suggest diversifying your asset, Given that you have two properties in EPA, I would suggest invest in an area with different risk / growth characteristics , such as Pleasanton and the like.

 @Shawn Costley, I wonder if you have some analysis of the fundamentals behind a sustainable RE growth in Huntsville? (I am looking for opportunity from California; Nashville and Huntsville came up to my radar at this moment)

Hi @Caleb Bryant, I'd be super interested in understanding why you think SFR is the best opportunity, I.e., better than multiple-family rental, in Huntsville area as investment opportunity.

Thanks for sharing your thought process.
 

@Kyanne Mader huge number of (cash) investors equals to huge number of speculators, which is not something I’d be confident in seeing as an positive indicator necessarily — My friend experienced it in one of the cities I mentioned above exactly like this, very bad memories.

But I am very interested in learning the growth of employment opportunities (I.e., tech company moving into this area; or other economical development) with concrete examples; if that’s real, then the influx of residents will make the demand stable and real. As a non-local person, I’d be interested in learning this side of the story.

@Luka Milicevic and @Reid Chauvin, certainly cities got busted in the last round of real estate boom, such as Phoenix and Las Vegas — I personally knew a friend investing in one of that cities and got burnt severely.

could you please provide some analysis about Nashville area’s local fundamentals (and I am interested in how different this time is it in Nashville)?

I have been reading this forum for a while, and read a couple of posts that people talk about ELK market (and I have visited that town a couple of times during weekend).

But I saw Rocklin is definitely another ‘suburb’ of Sacramento, with TOP school district.

Roseville seems to be another suburb of Sacramento, much closer to Sacramento than Rocklin and ELK Grove.

Can someone share the profile difference of these suburbs? I am looking for a property that can enjoy appreciation (and hopefully down turn resistance as much as possible) in the long run — I plan to buy and hold for 5+ yrs; and I also hope to have easy tenants to work with — I have a busy day job.

I saw a property that has a huge land, but the land does not seem to be good for further development as smaller lots for single families (because it has narrow front facing the street) — see the attached image.

I have an idea to build a small road as the image illustrates below, and then subdivide the land into smaller pieces to build single family homes.

I have two questions about building the street:

  1. Is it easy to get city’s permission to build a small street along the lot?

  2. The neighbor is another owner, would he/she object building a road (even if the city is Ok)? If so, do I have anything to convince him/her to agree?

anyone with experience to share some knowledge? Appreciated it for advising — I am a newbie in investment, but willing to learn.

Bay Area SFH investors are mainly bet on appreciation, and the long term rental not able to CF.

On the other hand, I hear Airbnb may have stronger cash flow if managed well. However it’s not possible for passive investors to deal with the operations.

I wonder if there is any trustworthy Airbnb operators specializing in Bay Area? 
 - If there is, how can I find them?

  - if not (I know there are some in lake other areas in the past) is that because the number for Airbnb model will never work for Bay Area properties?

Thanks

@gene, here is the article I read and that's why I got impression that ADU does not add value like a regular expanded square footage.

https://abioproperties.com/do-..."While it's difficult to quantify precisely how much resale value an ADU adds to a property, anecdotal evidence shows that homes sold with secondary units have a higher return on investment. "

From my own experience, when a potential buyer search on Redfin, she/he only sees the square footage of the normal structure -- the ADU square footage won't get counted. Even though you can add a note: hey, potential buyers, this house has a nice ADU, please come to see.

Can you shed more light on this subject?

Good to know that investing into non-CF property in Bay Area was the norm 30 years ago (I thought it was a last 15 yrs thing). thanks for sharing.

A separate topic (I ask it here because that's something I am exploring to do for this property): can I do ADU project while I have a tenant inside the existing home? Is there any liability / legal issue that I need to care or is it too much a hassle that I should forget about this idea? (I am very tight on my budget, so having it vacant probably is what wanted to avoid if possible; but as I am a newbie investor, I don't want myself get into hassle unnecessarily either)