Code enforcement in Coronado is stricter than the rest of the city, and it does fall under the coastal commission jurisdiction.Depending on the parameters of the flip you can safely factor for an increase in your timeline for permitting of about 30 days. 

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

Under classifieds you can post deals.

We can make exceptions with worse credit and slightly below perfect income but under no circumstances do we allow anybody rent one of our properties with a below 500 credit score, or 2x rent income or prior evictions. 

Amazing to hear you already have your first investment property under your belt in 5 months.  

The only exception is for handyman doing work under $500.

Once under contract you do significant more due diligence to verify the data you have been given.

LTV under 50%. 30 yr fixed @3.75% LLC (3)• Investment condo - purchased 2021.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.