All Forum Posts by: Jason Yarusi

@Gates Mueller Thank you and will do!

Hello in a continual effort to learn more about this market I would like to know what areas of San Antonio including the submarkets like San Marcos etc are you investing in or do you see the path of progress heading towards? What areas are still a few years away from getting over the hill and what areas do you stay away from?

I appreciate all of your responses and if you have reasoning for why you like/dislike the areas that would be an added bonus!

Thank you.

Thank you Fahima. I did just that and gave them a fair price of 18k for the 800 sq ft. They were set on 50k and i walked.

Jason

Looks great Art. Great job!

Hi Jim thank you. Already have done legwork with surveyor and town so I am just at point now where I need to figure out a fare compensation with the neighbor.

Hello

Quick scenario is I got an off market property large enough to subdivide square footage wise however the lot is odd shaped so when I split the lots to meet the minimum widths the one lot falls short approximately 800 square feet. So I went over to the neighbors and asked if I could buy a 7.3'x100' area I need, which ideally sits right behind a fence they built separating their beautiful property from this dilapidated one.

Good news is they are open to it. We talked a bit and they have no idea where they sit on pricing. Being NJ there isn't a ton of land to these parcels. I believe theres is .18 acres and mine is .41 acres. so I would be asking to buy around .02 acres if I did my math right. 

So my question is has anyone been in such a situation that has ideas about a win win for myself and the homeowner purchase right. The first number that came up in my head was $15k and a new fence.

If I can't subdivide I will keep house and add 1800 sq ft addition and house should be in $680k to 700k max. If I can subdivide I will be able to put up two houses that I will plan to list in high $500k to low $600s each (smaller lots and smaller homes but new).

Thank you.

Welcome @Damian LoBasso !

Great to see another Westfield guy on the forums.