All Forum Posts by: Dylan Vargas

@Maria D'Aura Welcome! I have no written law to cite but I would err on the side of caution. Its only a handful more months to wait and raise the rent again. I think once a year raising rent is the intent of the laws. Just my two cents otherwise rent could be raised 12 times in a year (severe thought and not reality). Good luck and keep us posted.

@Sam Albury Welcome! Are you in a hurry to sell? Maybe wait it out if they are paying rent and good tenants. I would never count on California law about tenants moving out when a house is sold. I say that because in this day and age it really is city by city, county by county and of course the state. The rental market is very tough in many areas right now. If the tenants are trying to find housing  but having no luck I am not so sure I would push the issue. I would only sell if I did my homework (which sounds like you are doing) and could be %100 assured the tenants would have to move out after house sells. Have you had a talk with the tenants? How did they respond? Good luck and keep us posted.

@Brian Badolato Welcome! Take a look on BiggerPockets. There is a meet up in Sacramento and Roseville for sure.  Good luck and keep us posted.

@James Stayton Welcome! Did you get a second inspection from another roofing company? Worth the $100. Also 20 years isn't old here in California so I would def get a second opinion. With that being said the market is very hot so......put on the market as is and see what happens. Good luck and keep us posted.

@Toby Auer Welcome! I do not attend (hopefully will start attending again)but they do still meet regularly. Was online for a while so may be in person again but I am not sure. @Scott Wolf will hopefully answer here.

@Ivy Liu Welcome! How much of a connection to Phoenix do you have besides the boyfriend? Same with the Bay Area I would hold on to your cash. Wait until you are in Phoenix, make sure you like Phoenix long term weather you live there or not. What happens if you break up in a year and move back to the Bay? I would save the money and see what happens until you find a comfortable place to purchase. Good luck and keep us posted.

@Manish Mishra Welcome! I would call an independent agent and get a quote. My rates haven't changed on my units. Good luck and keep us posted.

@Jeff Grampp Welcome! My son did this sort of. He was having trouble finding any good investment homes so he bought new construction, moved in as an owner occupy and now rents his other 2 year old home out. He had purchased his first house new construction. This made sense for him and was nominal out of pocket to obtain a second property. He shouldn't have much if any maintenance for many years. At any rate I know this is different than investment only but wanted to chime in. In some places new construction is cheaper to buy than non new construction. Good luck and keep us posted.

@Christine Snyder Welcome! I would get a roof cert in your area. In California we do a roof certification form a licensed roofer. Very basic but a good thing to have on file and the cost is nominal. If the roof is a major color eye sore that may be another story. If you are in a hot market such as California I wouldn't bother replacing or even consider replacing unless faulty. Check the local permit office and see when the last time the roof was done if possible. Good luck and keep us posted.

@Brooklyn Wright Welcome! Congrats on being ready to purchase your property. I wanted to point out what @Chris Mason mentioned in another post. Try to find a house that has an extra bedroom or level of the house that can be converted to another unit. This will help with the cash flow in a big way. Chris was mentioning something along these lines. Instead of a 3 bedroom maybe find a house with 4 or 5 bedrooms or a lower level walkout with a separate bath. Good luck and keep us posted