All Forum Posts by: John Anderson

Quote from @Andrew Weiner:

Do you want traditional financing or do you need a hard money lender?

Traditional financing, thanks

Hello,

I am looking to do a refi on an investment property in Cleveland, OH for a BRRR property. If anyone has any recommendations on lenders I would greatly appreciate it.

Sorry, my question was more general than that. For context, I'm planning to first have my in-laws move in (and maybe rent the ADU later on).

I'm just wondering if, at a high-level, it makes sense to wait 6 months or so before pulling the trigger on building an ADU, given that interest rates are through the roof and demand for construction has slowed down. The question has more to do with trends in construction costs rather than immediate ROI.

Let me know if I'm still not making any sense. If you're confused, maybe others as well.

Hi all,

Looking to build an ADU behind a single family house in the Bay Area. I had a bunch of GCs provide quotes back when money was free in 2021 and lumber prices were through the roof. Decided to pull back because of these variables, but now that interest rates have been raised aggressively I would assume demand has now cooled and that homeowners have a little more negotiating power.

I'm sitting on cash at the moment, so the interest rate environment doesn't impact my decision making. However, would be curious to hear any other data points/predictions about costs in the upcoming year. Any and all guidance would be greatly appreciated!

Hi all,

Looking to build an ADU behind a single family house in the South Bay.  I had a bunch of GCs provide quotes back when money was free in 2021 and lumber prices were through the roof. Decided to pull back because of these variables, but now that interest rates have been raised aggressively I would assume demand has now cooled and that homeowners have a little more negotiating power.

I'm sitting on cash at the moment, so the interest rate environment doesn't impact my decision making. However, would be curious to hear any other data points/predictions about costs in the upcoming year. Any and all guidance would be greatly appreciated!

Hi all,

For those of you who follow construction cost closely, with inflation continuing to surge I have been reading about home building and renovation slowing down significantly. My question is, with demand shrinking is it possible to get home renovations and additions done at a lower cost? I understand that inflation is still keeping prices very high, but we are no longer in the 2021 world where lumber prices were up 300%. At the same time, I assume that fewer people are willing to refinance or take out a construction loan at 7% versus 3%.

any and all advice would be greatly appreciated. Thank you!

Hi all,

With interest rates going through the roof are folks still able to refi smaller non-owner occupied properties? Would love to hear from folks who are just starting on projects now.

Thanks!

Hi all,

With a recession looming over us, I wanted to ask about public housing. For those of you who rent to low income tenants, and have been in the real estate game for a period of time (specifically through the 08 crash), do public housing authorities still continue to pay out during a downturn? Is there any decrease in the rents that are paid out?

Thanks!

Hi all,

I have been investing in a couple of duplexes and single-family homes for the past two years and I would like to look into buying a small apartment complex. I was thinking about something between 6-10 units.

However, I am unfamiliar with how commercial loans work, and I was wondering if more experienced investors could highlight some of the big differences between commercial versus residential. Any advice would be greatly appreciated. Thanks!

With interest rates going through the roof, I’m curious about what people are seeing with regard to refinancing investment properties, especially those that are at a lower price point.

I’m looking to invest in smaller 2 to 4 unit buildings, but I am worried that I will run into issues with the interest rate, or with lenders refusing to do a refinance given current market conditions.

any advice would be greatly appreciated. Thanks!