All Forum Posts by: Sid N.

Thank you guys for the tips 

Surprised to see cracked granite when tenant reported it . do you think it can happen as part of wear and tear ? 

posting pic . I am in dilemma whether to deduct from  tenant's deposit  now that he is moving out .

Thanks you all for the info . lets see how it goes .

There is also mention of "Easement Needed" . Any idea of what this means ? 

I am eyeing a lot in east bay area to build a multi family on a busy street .  the lot is 3000 sq ft and building can go upto 65 ft in height .

how do I know what sq footage can i build ?  Also being in down town i am assuming the utilities would not much much of the cost .

Asking the experts here .. any other warning signs I should be checking so that i don't get surprised after i purchase ? 

Been look at this paragon article  . Going by history real estate values have corrected every time rents have corrected . Is this the start of the down turn ? looks similar to the downturn in 1999 .

Check Q3 2016 where rent has started dropping 

http://www.paragon-re.com/3_Recessions_2_Bubbles_a...

@Radhika M

Thanks for the advise . will sure look out for the soft costs .

yes it is zoned for multiplex. do you have any references of GC which you used for your home const . 

Radhika M.

Radhika M.

Radhika M.

Radhika M.

Hi Guys ,

I am interested in a lot which looks to be a good fit for a multiplex like 4-5 unit . I will be looking for a GC to build it out if I eventually end up buying the lot . pls share any experience if you guys have gone this route . also what are the precautions I would need to take .. like going through a real estate lawyer to determine the plans are actually feasible . trying to gather as much resources as possible before i take the plunge and if the lot is still available .

Thanks Chet . I am looking for similar opportunities . we should connect 

I have been a RE investor last 7 years and have built up a sizable equity in my properties in bay area . Want to cash out now to pursue other real estate investments .Buying for face value does not make sense any more in this area because of the appreciation . as a result i am looking into alternative ways . Buying land and constructing looks to be attractive play to me . if real estate corrects by 15-20% then all i am losing is the 15% profit margin assuming i have assessed things accurately . What would be the best way out ? I know i can go to county and ask for the zoning but I also have a day job . Can I have a builder/contractor do the ground work for me ? has any of you guys done this before on the side  . numbers don't work out for me going full time , i can spend 15-20 hrs per week on the gig . looking for your expert advise .