All Forum Posts by: John McCombs

@Juan Erick Rico Avalos

Raise the rent to $750 and wait. Give it 6 months or a year and then make next decision.

@Jacob Beg- inheritances can be a mixed blessing in many ways.

If you believe that the pool is located inside the footprint of any possible future structure or addition, it would be wise to go through the local building department and get it demo’ed and re-compacted properly. If not, you may be able to break out the bottom of the pool and refill it with rock and fill material. Hoping that your inheritance brings blessings to you.

Thank you, Caroline Gerardo, for your feedback!  You have added some details that I did not have on my radar, but that should be called out on the plans in order to get GC bids that include these details.  The rough design includes vaulted ceilings in the kitchen and living room with 9 foot ceiling in the rest of the unit.  Maybe I should consider skylights/tubes to add natural light.  I'll check out Fabcab for additional design ideas.  Best to you!

I am working with a an architect to design a 600 square-foot accessory dwelling unit to add to the back of an existing rental property in So CA. My initial anecdotal research indicates that there is a need for accessible units that include wheelchair accessible restrooms, kitchen and ingress/egress. Any ADA design recommendations or resources would be appreciated. Do the additional design and construction costs have a good ROÍ in serving this market?

Hello Scott, 

Congratulations on the birth of your daughter and your interest in being a dad who can take care of your family financially.  I would probably recommend that you consider this season of your life as a season of learning and preparation.  Connect with some property managers, contractors, and landlords who can help you gain hands-on experience with a few hard skills while you are also reading, listening and developing your understanding of the breadth of the Bigger-Pockets- related fields.  Is it possible the the contacts that you and your wife have had in the cleaning business could be maintained as they are a related industry that can support landlords and homeowners in the future?  I would recommend that you continue to work hard to save money for a down payment, consider moving to another house and keeping your current house as a rental.  That's how a lot of us started as landlords (myself included 30 years ago).  Keep on keeping on!