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25 April 2018 | 9 replies
Also, can I ask what your average water bill is?
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8 May 2018 | 7 replies
Average construction cost $175/sqft, so construction cost for all five units ~$1.4 million.Thus, with land ($475k) and construction cost ($1.4 mil) = $1.9mil, approximately running $380k/unitSales price, will be about $500-$525k conservatively.Any thoughts on how a newbie might best approach financing the construction phase with partnerships?
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25 April 2018 | 0 replies
The $1300/month is pretty average for the area.
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19 December 2019 | 10 replies
I am sure lenders like @Harjeet Bhatti have a much more positibe view of lenders than the average self employed investor.
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25 April 2018 | 3 replies
I would think it would considering the size of the property what the average sqft value of the surrounding homes, but I just want to be sure.
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26 April 2018 | 8 replies
Wooded and spacious, just a little far out, but only 10 minutes from the interstate.Sales price is 600k9 units rent average $900Expenses are just lawn water taxes insurance 15000Gross income 97200NOI 82200The cap rate of 14 works but is valued at 66k per unit.
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11 March 2019 | 8 replies
I live in Poway and do not know about the paying for ADUs but I do know that someone built one behind my house that is around the average size SFR for the area which is over 3K feet.
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21 February 2019 | 6 replies
I'd be concerned about being the first few builders to bring a finished product to market since who's going to want to buy and live in a construction zone.
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12 May 2018 | 4 replies
If there are even Cash Buyers for this kind of deal.So the basics of this deal are the following:The property is in Fallbrook, CA; in the Morro Hills Community.The property is 13 acres large, right in the middle of a "high end" single-family residential area; whose properties average between the 950k-1.2M pricetag(Each property is just about 2-3 acres large with these prices).
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13 May 2018 | 2 replies
Because over time you will find they will average closer to 50% of the Rental Income than your 30%.