All Forum Posts by: Tyler Hungerford

BiggerPockets Listing

This Investment Rental Property located in Eastvale, CA was created in 2015 for traveling professionals. This Property formally is a SFR with a Junior ADU (7 Bedrooms, 4 Baths) The property offers the following: The RUNAWAY BAY-PRIMARY SUITE: Fully Furnished Large Bedroom, CA King Size Bed, Dresser, Nightstands, Ceiling Fan, Living Room, Love Seat, Oversized Chair, Side Tables, 85" Smart TV, Overhead Fan, Kitchenette area, Washer & Dryer, Garage Parking. Amenities Include: BOSE Surround Sound System, 80" SMART TV* (Entertainment Package Includes - Direct Stream, Netflix) CITY PERMITTED ADU - THE GOLDEN EYE: INCLUDES: Furnished Studio format : Queen Size Bed , 1 Full Bath, Kitchen Area, Reach in Closet, Washer Dryer, Ceiling Fan, Garage Parking. Amenities Include: 65" Smart TV, 20" Smart TV (Entertainment Package Includes - Direct Stream, Netflix) Main floor: THE KINGSTON 2 Bedroom Unit Fully Furnished: 1 Queen Size Bed, 1 Full Size Bed, 1 Full Bath, Ceiling Fans, Closet. Amenities Include: 50" and 55" SMART TV *, (Entertainment Package Includes -Max/Paramount Plus ), THE BOB MARLEY: 3 Fully Furnished Bedroom Unit: 2 Queen Size Beds, 1 Full Size Bed, Dressers, Pub Chairs, Closet, Ceiling Fans. Amenities Include: 50"and two 60" Smart TV (Entertainment Package Includes - HBO Max + Paramount+) There are very few homes available that can provide so many options to any buyer. Option# 1 Continue using residence as a rental property which was created for professional individuals who care about where they lay their head. Option #2 This home can be used as a Multi-Generational Dwelling. Option # 3 This home can be used as a standard SFR dwelling as it was intended. This residence produces a staggering $11,000 monthly income. This business is registered with the City of Eastvale. This owner has spent over $200k on renovations & improvements to make this home a reality!

MLS Listing

Offering Memorandum

Quote from @Justin Chung:

I am interested in purchasing a 3-4 BR home in Loma Linda (close to the University and hospital) and renting out the individual rooms to students and professionals of LLU.

I know currently the market is not great but I was wondering:

- How is the demand for housing among students / professionals? Did you ever have trouble with vacancies?

- What would you say is the average rental price for a room with a bathroom?

All other thoughts and advices would be greatly appreciated it as well :)
 

Hey Justin! I have clients that do that closer to UCR and they’re doing well with it. It comes down to the monthly mortgage cost vs rent. But there are a lot of people out there doing this and it does work. Just watch how much money you spend. 

I’d like to work with you! I’m always looking for deals for myself. Shoot me a dm on here and let’s get connected 

@Jonathan Cisneros, I have buyers looking for rentals. Where is this property located? Would love some additional information on it. My contact information is below! 

I'll shoot you a message as well. 

Tyler Hungerford | 951-660-5981

Hey Bob, 

I'm going to shoot you an email! This is great! 

Quote from @Jin Zhang:

Hi everyone, 

I am looking for an investor friendly agent in the Riverside area. Please let me know if you have any recommendations! 

Best,

Gin 

 Hello Gin! Feel free to reach out to me. And thank you @Rob Moran for the recommendation. I’d love to see how I could be of value to you and your property search. I specialize in Riverside county and investment property. I helped Rob by a 2 unit in downtown Riverside where we converted the garage into an additional unit, upping his cash flow tremendously. 

Quote from @Gabriel Ramiez:

Looking into real estate I want to build up my portfolio however I know that interest rates are high and finding cash flow is even harder tp obtain. I'm planning to buy a property with a ADU to rent out to cover some or most of my mortgages . I'm in the inland empire and there are lot of opportunities here. I guess my question how would I analyze deal or which resource do you guys use to analyze your deal? Any other advice is welcomed too!

Hey Gabriel! Just sent you a message. I think it starts with looking at what your monthly cost would be of purchasing a property, see how much you could rent the rooms in the house for, and see how much those rents would cover your mortgage. If those numbers work for you, then it would be a good property to buy. Definitely think about getting pre-approved for a loan if you haven’t already. 

I'm a local buyer in the IE and High Desert. Would love to speak with the two of you regarding your wholesale businesses and see what we can do to help each other. Please feel free to reach out! @Nimer Haider & @Mark Lojo

@Joel Borja, if you still have your contingencies available to you, because of your lay off, your loan won't be able to go through, so you should use your loan contingency and back out of the deal to get your EMD back. Hope this helps!

Hey Jorge, nice to meet you! I'm a local agent based out of Riverside and currently reside in Redlands. I have flipped a few houses myself the last few years and could lend some advice and guidance to you. Would love the chance to chat further.