All Forum Posts by: Stefan Ujkic

 12003 1st St, Yucaipa, CA 92399

I think if it was sold traditionally you are correct , but a traditional buyer then would have a rate above 7% and would not even get close to breaking even and that’s why it has not sold

It’s worth $600k, story I was told is the seller needs the $200k down specifically for something

You are spot on, thank you so much for the knowledgeable post. Prop taxes are 1.3% and I think I can raise the rents up another $500 mo. It’s just so hard to find anything in so cal even with a 1/3 down that breaks even, let alone cash flows. Once I get more info from the seller I would definitely reach out to you. Thank u so more already!

I appreciate your feedback, this property is only 20mins from where I live, it’s a good location, good price for rents, and will appreciate at least $15k a year. I’m more concerned with the Subto aspect of the deal since it’s not paid rent off. I’m going to to take whatever documents regarding the deal to a lawyer to cover myself the best I can, I’m just not sure of anything that someone who has done a Subto deal would know or can warn me about before I follow thru with escrow

Honest answer , lack of experience with “hacking”, most house hacking ideas that I know involve renting a place out by the room to increase total rent, and in that kind of scenario I would not want to deal with different tenants personalities and hope they all get along together. I have a primary residence so I would not be living there either

Thank you, I don’t have an attorney yet, I’m hoping once escrow opens and the seller has  all the paperwork for the agreement to give me then I can take it to a real estate attorney to review it all for me

Thank u