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19 February 2020 | 6 replies
@jake It was located on 2100 block of e Albert and no we never got it locked down.
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16 January 2020 | 2 replies
If my math is right you could almost double a properties income potential by adding an Accessory dwelling unit which will probably cost less than 10-20% of the initial home purchase price.Example:SFH purchase: $400,000 renting at around $2,100-2,500 (after about $5,000 updating)Garage Conversion: 25,000-100,000 (maybe less if I can find one with a bathroom next to the garage)1 bedroom renting near Fairfield CA: $1500 monthA lot of these numbers are idealized but this could bring the Property near to the 1% rule.400,000+25,000+5,000 = 430,000(2500+1500)/430,000 = .93%Now if we get this to work and we take it a step further and add a second ADU to the backyard for 100,000-200,000 we could add a 2 bedroom and add more incometotal cost: 430,000 + 150,000 = 580,000rent for 2 bedroom: 2,000Total income: 6,0006,000 / 580,000 = 1.03 %Do these number look relatively reasonable to anyone that has more experience with adding adu's in California?
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26 April 2020 | 11 replies
Perhaps they really meant they were filing a separate Schedule E for each property.
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16 January 2020 | 11 replies
I'm about to close my first deal for $150k rental property which will cash flow $14k yearly.Thinking forward, what would be an ideal strategy to generate enough income so I can retire in 10 years?
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2 June 2020 | 29 replies
Originally posted by @Lynnette E.
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16 January 2020 | 0 replies
We have 7-figures our own cash to deploy and aiming to do larger deals 10-30 unit details vs 2-6 in past.If you have interest pls ping me and tell me what your skills are, ideally compliments mine, and your interests, dreams etc.
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18 January 2020 | 5 replies
Hi Everyone, I'm looking for CRM recommendations, ideally built to automatically sync with Gmail.
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17 January 2020 | 2 replies
Ideally, the person I am looking to hire can-set up an organized paper filing system and set up a digital office with cloud-based document storage-keep a calendar, help me move forward and not get bogged down with minutiae-multitask between the different businesses and properties-has previous administrative experience in real estate-and most importantly: Get.