All Forum Posts by: Keaton Lynn

@Rahil Jain curious on what you decided to do here. I’m looking at something similar.

Other stuff I’ve found that hasn’t been mentioned:

Extra capital - So, for example, let’s say you estimate your build-out expenses are $1M and your monthly expenses will be $15K.

You may want to set aside $1.3 — $1.5M for build-out budget, and another $117K — $270K (6 x $15K + 30% margin up to 12 x $15K + 50% margin) for the operating budget.

-extra time managing even though that’s handled. It’s nice you will be on sight.

@Reginald Truss @Nathan McAlister I'll DM you. Thank you for reaching out! I look forward to connecting! 

Good evening, 

I am looking for private financing for a container project in the Lake Tahoe area. I am looking for financing for both the purchase of the lot and construction. I have drawn plans in place and am speaking to the seller currently. The size of the lot is just over 6000sqft and est. sqft of the SFH is 1400sqft. I have estimated the total cost of the project at $410,000 for me.

ARV: $615,000

Construction: 210,000 @ $150sqft 

Purchase price: 185,000

Misc: $15,000 (utilities, dumpsters, loan fees, etc)

Closing cost: $3,000

$18,500 interest paid to lender @ 10% interest rate

Total expenses: $431,500

The time of the project is projected to be 6 months. I will wrap all expenses, then refinance the property into a 30yr conventional loan at 70% LTV.

Asking Loan amount: $410,000

I would love to discuss further, show you the plans, run the numbers I have with you, and answer any and all questions you have. I encourage all of the above! 

Best, 

Keaton Lynn 

We're based in Reno, NV and have drone videographers with 3+ years of experience capturing the best angles to give your listing the edge it needs to sell faster. 

-Next 3 months are half price!

 Please reach out to find out more and view some samples! We look forward to working with you! 

Keaton Lynn 

925-584-4715

@Steve K.

That was incredible! There’s a ton of valuable information in there! Thanks Steve

@rick baggenstoss thanks for your value, especially with the toilets. Nobody wants that ha. I do think that it varies depending on the property just like anything. I'm looking long term too, if city legislation changes in the future, I would probably want them sub-metered so I don't have to put up utility costs. But at the same time, what you're saying makes complete sense and is definitely the cheaper option. 

Davido, 

Thank you, those help a lot. It seems the simplest solution is self-sustained units rather than running utilities from the main house. Especially if you're doing 'short term' Airbnb type strategy. 

Has anyone used tiny homes to add to multifamily properties where zoning allows? Looking for any solutions around utilities specifically, and other great innovations you've used. Thanks! 

Thank you for your help! 

Hey everyone, I’m looking to see if anyone has experience converting a large detached garage to an ADU Dwelling (in-law suite, granny suite, etc.) Has this strategy worked for an additional rental unit or forced appriecatIon to justIfy the costs? Most estImates onlIne for pre-exIstIng structures are around 15k-40k for an entire remodel. Additionally, city zoning allows for one additional unit of an existing structure, so long as it doesn’t contain a stove or oven and matches the SFH it shares the parcel with. Are they any permitting laws that am I missing with this type of rehab? Thanks for any help!