All Forum Posts by: Brian Koons

@Jeffrey Ma Glad to hear you're getting back in the swing of things!

What are you looking for in San Diego? There are tons of opportunities, but the niche of San Diego tends to be purchasing small 1-4 units and adding ADUs to increase density (if that is a strategy you are considering)

One of my partners had incredible success through the partner channel - just like @Danny West said. Facebook groups, networking events, and having a specific buy box that you let people know about is a great way to start

Investment Info:

Single-family residence other investment.

Purchase price: $709,000
Cash invested: $100,000

This is a single family home I purchased using an owner occupied loan. I am currently going through permitting to build 8 ADUs on the property. All in price will be around 1.9M and total value will be between 2.5-3M

What made you interested in investing in this type of deal?

ADU development potential

How did you find this deal and how did you negotiate it?

Listed, but the agent and I have a mutual friend that facilitated the deal

How did you finance this deal?

5% conventional, and cash for all expenses through permitting

How did you add value to the deal?

Adding 8 ADUs

What was the outcome?

Currently going through permitting

Hi Lindsay!

I work at ADU Geeks in Golden hill. If you would like to reach out, I can get a bid for you from our contractors. We've done hundreds of ADUs

[email protected]

Hey guys!

I'm looking for an underwriting tool that incorporates acquisition, rehab, and then additional building of units on the property. This would need to have inputs for acquisition cost/different financing options, breakdown of costs/timelines for rehab, and then the development of the new units. The outputs would need to have CoC, IRR, (Normal expected return information, while also having option to assume a refinance at a certain time. Does anyone have an underwriting tool they would be willing to share/sell, or does anyone know someone who is able to create financial models? I would really appreciate the help,

Cheers,
Brian

@Danielle Hayashi this is the first one, but there will be one every month, keep an eye out for whenever you’re back!

@Justin R. 

I appreciate the reference! I actually know @Adit S. and he’s doing really good work!

Hey everyone!

I am getting out of the military in roughly a year and a half. The last 6 months, I have the opportunity to intern for someone while still getting paid through the military. I would like to talk to people in the San Diego area who specialize in rezoning land and developing for maximum density. If you know anyone, or you would be willing to talk for a few minutes, I would be incredibly grateful for you time.

Thanks in advance!

Hey everyone! 

My buddy Kalani and I are inviting you all out to get some steps in on a Sunday morning, drink some coffee, and hopefully learn something new about building your wealth while burning a few calories in the process. We're going to start walking right at 0900 (from Baba Coffee in Carlsbad, so get there a little earlier if you want to grab some coffee for the walk (or bring your own). No pitches, just sharing what we know to help each other out. Hope to see you there!

Hey Everyone! 

I'm currently looking for recommendations for a 203k HUD Consultant in San Diego, CA. If anyone has a recommendation/prior experience using this in the area, I would greatly appreciate it! Happy Halloween :)

Brian Koons

IG-@Koonsinator