All Forum Posts by: Steven Silbert

Quote from @Janelle K. Eagle:

Hey @Steven Silbert! Great to see you on here. And big love to @Jawei Kuo who is a rockstar and colleague of mine in the area.

While the moratorium in Los Osos has been lifted, there is a LONG LINE of over 200 vacant lots that will have first right to build. The goal is 40-50 lots being issued permits PER YEAR over the next 4-5 years. I'm a homeowner in Osos and can tell you - it's been quite the contentious issue over here! 

That said, you could attempt to purchase one of the lots that is for sale and in doing so, you would assume their position on the waitlist. The position stays with the lot even if the owner changes. 

As far as house-hacking, the way I have seen this work (I have helped multiple clients with this strategy) is purchasing a duplex or a property that has an existing layout that could be CONVERTED into a primary and JADU. 

Ground up build for an ADU is indeed cost prohibitive, but possible.

Excited for your big move and to eventually call you a neighbor!!

Hey Janelle!
thank you for the thorough reaponse. I’ve often wondered over the years why there are so many empty lots in Los Osos!

I agree that it would probably be the easiest to buy an existing duplex or house that has ability to be split or easily added onto. I’m also curious to see if there are any areas in the county where it makes sense to build as well.

Either way I’m very excited to be back soon and look forward to meeting you!

Quote from @Emmanuel Ola:

Quote from @Steven Silbert:

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states. I'm moving home to California (San Luis Obispo) and want to see if it can be done. Either a SFH with an ADU or a small multifamily.

This is something I'm actually thinking of right now. Mine will be in Bakersfield though. 

 Keep me posted if you go through with it! Bakersfield isn't to far away.

Quote from @John Mason:

ADU seems not to add much value search the forums for experiences

 Interesting, I've heard differently for SLO county. At least in terms of rent, college students are paying 1100 - 1600 to rent by the room. Other than that though, my main question is if the land isn't to expensive, will building come out to be cheaper than buying preexisting. It's a smaller market, than the other bigger cities, so I've had trouble getting any examples.

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states. I'm moving home to California (San Luis Obispo) and want to see if it can be done. Either a SFH with an ADU or a small multifamily.

At the end of this year, I'll be moving back to San Luis Obispo County, CA, and I have been a bit depressed looking at the housing prices. It got me thinking about new construction for single family with an ADU or multi-family, and house hack to offset the mortgage. I've seen that the average building cost for the state is around 495K, which is significantly less than the average home in SLO at over a million. I was wondering if anyone had experience in new construction and how their costs turned out to be. Especially with small multi-family, but SFH info would be great too. I can find plots of land around SLO for less than 200, in paces like Atascadero and Los Osos, so I'm very curious to see if this will actually work!

Hey David!
My mom is in AG and looking at potentially building an ADU. I'm also moving back to the area after being away for over a decade and am looking to invest myself. I'd love to talk with you some time about your experience building ADUs!

Best, 

Steven
805-354-9535

I'll hopefully be moving back to the central coast after being away for over a decade and would love to get involved in the local REI scene. I'll be keeping an eye out for future events!

Quote from @Shannon Erickson:

Hey Steven! I'll be out of town this week but do you have these every first Thursday, or what cadence do you normally have them on? I'd love to put them in my calendar moving forward! Thanks! 

 Hey! I haven’t been able to keep set days. I try to host toward the beginning of the month on a Thursday. I’ll post here again for the next one.

Sorry for the long wait everyone! Here's a link to the next one:

https://www.biggerpockets.com/...

Hello my fellow REI Enthusiasts and welcome to our monthly social located at Jailbreak Brewing Company in Laurel, MD.

Sorry for the long delay! I booked us for the beginning of March and am looking forward to seeing everyone in better weather :)

This is an informal meetup for anyone interested in anything real estate-related at all levels! Look for a little sign at the table with the name of the meetup on it. We've been averaging around 15 people per meetup with Agents, brokers, flippers, investors, lenders, and complete newbies all coming together and having a fun time talking real estate investing because our loved ones and friends are sick of hearing us talk about it! Hope to see you there.