Flexibility for Multi-Generational Living - SB 9’s provisions also make it easier for property owners to develop housing for extended family members.

Om rrandom bit of advice: you might be able to get by with 1 high-speed internet account if you use aseries of good Wi-Fi extenders, like Eero. 

Exterior Deck or PatioAdding an outdoor living space like a deck or patio extends the usable living area and enhances the home's appeal, especially in regions with warm weather.In addition to these improvements, understanding the local real estate market and focusing on upgrades that align with buyer preferences in that area is crucial for maximizing ARV.Noah, thank you for this great feedback.

However; two new pieces of legislation were proposed in 2023 to help expand these credits to more areas and extend the timeline of the credits.

Rents have softened, though, and currently experiencing an extended vacancy in one.The advice you're hearing here is sound. 

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

This includes interest rates, repayment schedules, and loan duration.

If there are plenty of studios or private single rooms at the same price or cheaper than a shared-space room at your place, you will definitely have a hard time filling up.Are there extended-stay motels in your property's area?

Anything that extends my reach is worth a look.

Think big picture.Consider all the benefits of the investment over an extended period of time and get started!