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All Forum Posts by: Jesse Zhu

Jesse Zhu has started 10 posts and replied 43 times.

Post: West LA Meetup January 11

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

Will attend. Look forward to meeting everyone. 

Post: How to determine "Duplex or guest house" and appraise the value?

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

@David Friedman Thank you for your advice and offer. The two houses are detached. My understanding is one can legally build an ADU (Accessory Dwelling Unit) on land zoned for SFR. The key is if it is permitted or legal. I need to call to find out. Do you know if an investor (other than the owner) can pull the construction permits from the County Building and Safety (Looks like the area is unincorporated and served by County). Anyway, really appreciate your input.

Post: How to determine "Duplex or guest house" and appraise the value?

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

I am analyzing a deal in Valley of Enchantment San Bernardino CA. Two houses on one lot with two different street #, one larger (2/2) and one smaller (2/1). The title report shows the total square footage, total room of 6, but only 2 bd and 2 ba, but not as two units. 1. How to determine if it's duplex or guest house (zoning is SFR) 2. How to value the deal if there is lack of 2 unit comps in the area? Can I just appraise the total square footage and bd/ba counts? Any thoughts or comments are appreciated.

Post: First Deal Experience

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

@Phillip Iwugo Great post! The first deal is usual the hardest, with no experience and track record and limited fund. One source is BP podcast", Joshua and Brandon usually ask the guest "how you got started?". I still would love to hear from other BP members on their first deal, and get inspired or ideas.

Post: Real Estate Investor from CA

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

Welcome @Gaurav M. I am also looking into out of state market and already have a few areas on my radar. Let's brainstorm for new information and ideas . Best of luck!

Post: Question on Equity

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

You just sell the house at 65K and pocket 30K profit.

Post: New Investor from Los Angeles

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

Hi @Dave Visaya There are so many resources her on BP sometime it feels overwhelming. Got to take one step at a time. Thanks for the tip on the beginner's guide. See you around.

Post: New Investor from Los Angeles

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

@Gaurav M. You are right, the So Cal market is expensive. Love to hear more about your out of state investment stories. Will message you.

Post: New Investor from Los Angeles

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

@Joshua McGinnis @James Wise Thank you for the welcome!

Post: New Investor from Los Angeles

Jesse ZhuPosted
  • Appraiser
  • South Pasadena, CA
  • Posts 43
  • Votes 6

@Min K. Good to see a fellow investor in the neighborhood. Let's meet over coffee.