Sri,Are you a General Contractor/Builder or are you simply looking for financing to build a 2-4 unit?

We are looking to building some fourplexes in the near future in the area - when you say expand your portfolio - what are you looking for ?

Congratulations on building such an impressive portfolio at such a young age and achieving so many successes!

Bryan: California is a difficult place to learn, because everything is so pricy.  

From podcasts to forums, you’ve all helped me learn, save, and build the confidence to take this step.That said, I’m reaching out to ask for advice.

I like the idea of focusing on bathrooms, curb appeal, and opening up the kitchen/living space.I’m definitely working on building a solid team, especially with real estate professionals who understand investor deals.

Do we try to just buy a modest house through foreclosure or some other screamin' deal, house hack, then build up our portfolio from there?

Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

I have flipped new homes and townhomes but phased out raising a family and now am focused on utilizing my skills which are building, selling, expanding a circle of influence to focus my effort on the above.

I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?