
14 July 2024 | 2 replies
He has come up through the ranks as a wholesaler, then fix and flip, and now targeting missing middle new construction/development deals.I'm beginning to research GCs/investors that do this type of work, and figured it'd be worth exploring the BP network.If you deal in this area directly, or have a connection I could speak to, that would be much appreciated.At the end of the day I am trying to get round number hard cost estimates on 2-4plex/Townhomes.

17 July 2024 | 4 replies
Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

18 July 2024 | 4 replies
Unless the seller is willing to finance more of the property, you will likely have to put in 20% plus the rehab costs.

18 July 2024 | 4 replies
Just so you have a frame of reference the cost of a 1031 Exchange is typically around $1,200.

17 July 2024 | 6 replies
This likely would come close to the cost of a ground up 3/2 ADU addition which is rare.

17 July 2024 | 20 replies
It also allows to finance the rehab cost into the purchase price.

17 July 2024 | 5 replies
I'm trying to keep costs low while providing value and so I'm doing some shopping around.

17 July 2024 | 20 replies
Payroll was significantly higher, entertainment costs, food, utilities...everything was pretty much under budgeted.

17 July 2024 | 19 replies
Evict them and eat the cost.

18 July 2024 | 17 replies
Also, maintenance costs are almost non-existent in the first few years as very little (generally) goes wrong in the first 5 years or so.