All Forum Posts by: John Tran
John Tran has started 8 posts and replied 18 times.
Post: Zoning Question For Property Located In Kalamazoo
- Investor
- California
- Posts 21
- Votes 5
Originally posted by @Brian Fiorillo:
@John Tran this is residential multi-dwelling. The number refers to maximum amount of units per acre. So in the event you elect to develop the property, you would be limited to 36 units per acre.
Got it! Thank you, Brian.
Post: Zoning Question For Property Located In Kalamazoo
- Investor
- California
- Posts 21
- Votes 5
Originally posted by @Isa G.:
RM-36 is also the City of Kalamazoo's Bed & Breakfast District so you can legally host short-term renters (Airbnb) if the property is in that district.
Thank you, brotha!
Post: Zoning Question For Property Located In Kalamazoo
- Investor
- California
- Posts 21
- Votes 5
Hello BP,
I came across a property that is zoned as a Single Family Residential, but the seller claims that it's a Duplex since it's a 2 unit (1 up, 1 down). I found out that it was zoned as RM-36, and I was wondering if any of you guys have any expertise on that and if you guys can share what RM-36 means.
Thanks,
John
Post: Virtual Wholesale Tips
- Investor
- California
- Posts 21
- Votes 5
Hello BP,
I'm currently wholesaling in SW Michigan and was wondering if there is a company that does "Boots On The Ground" services for taking photos and installing a lockbox. Any recommendations is appreciated. Thanks!
Post: Hoarder House Clean-Up Price?
- Investor
- California
- Posts 21
- Votes 5
Originally posted by @Eric Wilkinson:
I had a house that I flipped last year that was full of junk that needed to be cleared out. I hired a junk removal service. They came out to look at what all needed to go and provided a quote. I think their quote was based on the cubic yardage of stuff they were having to remove.
Hey, thank you Eric for your response. I was thinking about possibly getting quotes from different removal service companies, and see which one will be the best fit for our budget.
Post: Hoarder House Clean-Up Price?
- Investor
- California
- Posts 21
- Votes 5
Hey guys, I came across a hoarder house and I was wondering how much would it cost to pay movers to move out all of the Seller's belongings? Do they charge by square footage, by the hour, etc? I would like to know your guys' experience for dealing with hoarder houses. Thank you!
Post: TO ALL BUILDERS AND DEVELOPERS
- Investor
- California
- Posts 21
- Votes 5
@Scott Matthew C.
Thanks, Scott!
Post: Kalamazoo - Buy & Hold or Flip Market?
- Investor
- California
- Posts 21
- Votes 5
Hello, I am Wholesaling in Kalamazoo, and I've been noticing that there is very few flip activity in the area. Whenever I comp properties, The property with the highest ARV is in livable condition, but still dated. For all you investors out there, do you typically purchase properties and rehab them to livable condition or do you guys do a full rehab that meets 2021 standards?
Post: How is the Kalamazoo Market?
- Investor
- California
- Posts 21
- Votes 5
Hello, I'm pretty new to the Michigan market and I've decided to wholesale in the city of Kalamazoo. I heard that it has untapped potential from other investors, but I want to know what are your guys' thoughts on this market. Thank you
Post: Michigan Rehab Estimate Formula
- Investor
- California
- Posts 21
- Votes 5
Originally posted by @Charles Kao:
@John Tran As @Sean Sloop said the book on estimating rehab costs is a good one. I contributed to the second volume so am bias though as a brief disclosure. I would try to steer away from big rehabs at this point or find a partner locally if you are investing remotely. Labor and the market is hot so you don’t have alot of room for error unless you are buying and holding.
That makes sense! I’ll definitely check out that book on estimating rehab costs. Thanks for responsing!