9 May 2018 | 7 replies
Historically this has proved very reliable long term but especially the property prices have experienced short periods of depreciation (virtually always less than 5 years) and longer periods of stagnation.I make no claim as to continuing property appreciation as I could make a decent case for the RE market entering a period of stagnation, the market continuing to appreciate, or the market to depreciate some.However, I am still confident of rent appreciation in my purchase area (San Diego) for at least the next few years: 1) rents lag property appreciation. 2) vacancy rate is real low. 3) cost to add more than ADU is high - it costs around $100K to break ground for residential in San Diego (permits, surveys, etc.). 4) Minimum wage increases already approved. 5) one of the best weather climates in the US. 6) rising population: one recent study had San Diego as 13 highest population increase of large US cities. 7) geographically constrained: Constrained by Mexico to the South, Pacific to the West, Camp Pendleton to the North, and the East quickly gets harsh. 8) good and varied employment: Hard to imagine an employment category melt down that could impact the range of employment in San Diego. 9) environmentally diverse from mountains to desert to beach to happening urban center.Last weekend I sent out 2 rent increase notices.
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9 June 2018 | 4 replies
The description reads it as a 3 bedrooms, 2 bathroom home sitting on 2 acres.
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11 May 2018 | 5 replies
In the house hack situation, my personal geographical taste will drive the purchase price up and may put it out of reach - I understand I should definitely work with a lender to understand what financing options there are.
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30 May 2019 | 52 replies
As an example - the very first house I got on Roofstock, the inspection stated that the roof is 5-10 years old and has more than 5 years life (standard roofstock description), only the Ins company almost denied coverage the day before closing bc the actual date of the roof happened to be 2002.
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30 November 2017 | 2 replies
The main thing I looked up after reading the description was the zoning classification.
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3 December 2017 | 27 replies
People starting out probably do not have that type of money.The takeaway from that statement is the importance and power of scaling. 100 doors in 100 geographically different locations would be terrible idea.
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9 December 2017 | 20 replies
Geographically concentrated in that case in Silicon Valley, not Oakland.
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18 December 2017 | 12 replies
Do they do loans in your geographic area?
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13 December 2017 | 14 replies
The story was very interesting, but giving a race to the perpetrators did not add to the story in any way."4 people broke into my property" is enough description.
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14 December 2017 | 2 replies
Are there any strategies out there as far has descriptions working or day of the week to list on or amount of days to wait until an open house?