All Forum Posts by: Katrina Razavi

Hi BP fam! I recently bought a triplex in San Diego, each of the units are 1 bedrooms. That said, in the back of the property, we have some space to add sq footage and think we can squeeze in a bedroom and bathroom, turning one of the units into a 2BR/2BA! New construction is pretty expensive right now so I'm trying to run #'s to see if it makes sense. The way I'm running the #'s is by using a "purchase price" of the cost of building the expansion and the "rent" being the incremental increase we'd get by adding in the bed and bath. Too simplistic? Would love to hear from others how they'd calculate this. I'm debating-- is it worth adding on to the property or should I just use that cash as part of a DP to buy another investment property entirely....Would love your thoughts!

I've been using a site called stessa.com for my properties (but they're not STR's) that said, worth checking out and I really like it so far

Hi BP friends, a fellow investor of mine who built a commercial residential building had numerous issues, delays and defects in working with the GC firm who developed it. Does anyone have referrals to good attorneys in California who specialize in "construction defects" representing developers? Thank you!

Hi BP friends! I've been trying to get a definitive answer wrt if it's allowable to rent out a unit on Airbnb if I do NOT reside on the property. I know that recent legislation was passed where this won't be possible, but from what I've read it doesn't apply until July 2022. That said, I believe it is okay, up until then, to STR a unit but wanted to see if anyone has heard or seen anything conflicting. I'm currently in escrow on a triplex where one of the units are vacant, I'm considering Airbnb'ing until the July 2022 legislation goes into effect. Thanks in advance!

Googled this as I was looking for the same info and official answers and updates from Apr of this year here. This should help: https://www.sandiego.gov/treas...

@Daniel Moreno +1 on all the points made above. From an investing POV, my 2 cents is to look into a duplex you can "house hack" vs. a single condo. Duplexes hv a bit more optionality i.e. 2 units vs. 1, you don't throw money at an HOA every month that isn't tax deductible, and you can rent out 1 or rent out both. To folks' earlier points, get specific on your criteria, if you wanna be a bit more comfortable and hv some more space and amenities, then perhaps a condo makes more sense. I'm strictly speaking from an investing POV so you have to decide what tradeoffs you're willing to make now in order to get where you want to be later.

@Jeffrey Nabozna welcome to SD, it's such a great place I'm sure you'll enjoy it. (I'm originally from there but live in the Bay area currently). FWIW, every market is competitive right now, I've put out multiple offers in the Sacramento area, all beaten out. That said, you hv to get specific on the areas you wanna invest in and then focus there. Trust the process and get creative to find deals, i.e. driving for dollars, reaching out to ppl on CraigsList, networking, chatting w/ agents, etc. Agree with @Twana Rasoul regarding the locations to consider. Good luck!

Agree title is a no brainer and the way they're organized right now is so outdated and archaic. Wow! I knew that folks were buying virtual properties, but had no idea that people are actually paying rent to live in them in virtual worlds. That's mind blowing!

I've been reading about NFT technology, it's so fascinating and there can be so many use cases in RE. I'd love to hear what others think and/or if others are building anything in this space. If you're not familiar with NFT's, there's a great list of articles here.

Some potential use cases:

- Title- one of the main value props of NFT is that it establishes provenance, given this is one of the most important (and expensive) pieces of real estate transaction, I think there can be a huge innovation in how titles are established, recorded, etc. in the future

- Fundraising- With Smart Contracts you can partition out equity in a property, making it easier to crowdfund and raise capital

- Royalties- the other value prop of NFT's is that it allows for second market royalties and such, this could be a new model of RE agent commissions? A new way for developers to monetize?

These are just a few ideas and would love to hear what you think in terms of the above use cases or other innovative ways NFT can transform the RE industry!

@Bishara M. if you wanna learn about NFT's a great curated list of content here: https://a16z.com/2021/04/02/nf...