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26 December 2024 | 3 replies
For investors, this presents a niche market to target families seeking multi-generational living arrangements.Things to Keep in Mind:SB 9 projects must comply with local ordinances, which may include design and setback requirements.Properties in historic districts or areas prone to environmental hazards may have restrictions.Lot splits under SB 9 require that the owner occupy one of the parcels as their primary residence for at least three years.ConclusionSB 9 represents a significant shift in California’s approach to zoning and housing.
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24 December 2024 | 10 replies
MLS has it as a single family residence, 3 bedroom, 1.5 baths (actually has 2.5 baths), approx 1500+ sqft, 9k+ lot size, 2 car garage, back yard.
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21 December 2024 | 14 replies
.: Quote from @Robin Simon: Do you own your primary residence overseas or have you owned a primary residence prior to going abroad?
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24 December 2024 | 12 replies
For near term investors, be prepared for sizable down payments to reach a cash flow neutral stance no matter how far out you look in the suburbs.
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23 December 2024 | 1 reply
The property was my primary residence for a decade and now functions as rental unit so I am happy with the purchase overall and it has worked out well.
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5 January 2025 | 39 replies
If you've personally seen the applications and trust what they're doing on the front end to screen these residents it seems like this is an anomaly, at least for the 38128 property.
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19 December 2024 | 7 replies
You can try your luck to see how long it’ll take for the roots to re-grow, but be prepared to eventually make the proper repairs.
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25 December 2024 | 5 replies
Then again, if you’re talking about a mortgage on your personal residence, and you live in a state with an unlimited homestead exemption for creditor attachment like Texas or Florida, there’s an asset protection consideration as well.
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30 December 2024 | 89 replies
They'll likely have follow up questions about who handles maintenance, larger SD, etc... so be prepared to quickly answer these.Value to mention:- Professionally cleaned property after each stay and exterior upkeep- Staged photos that you can share with the owner for marketing purposes- Capex coverage up to $XX,000 (might need to include in SD)- Extra $XXX per month (likely may need to pay a little extra in rent to make it worthwhile, otherwise they can collect the same amount as LTR)Also, google "Airbnb apartments" or check their website.
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24 December 2024 | 9 replies
Getting the foot in the door with a primary residence is a great way to start.