All Forum Posts by: Kevin Kozicki

Hello!

Myself and a business partner are talking about potentially buying an undeveloped piece of land in the surrounding area of Tyler, TX and constructing a SFR to be resold to someone in the family. This would be a first project for us so I'm just looking for any advice on the costs of construction and any other fees that I may not have thought of with potentially building a place from the ground up. Not completely set, but probably a 3/2.

We're both out of state, which is an added challenge.

Thanks for any info!

Kevin

Hello!

I'm in Los Angeles and stumbled upon 2 run down seemingly uninhabbited houses in a really nice area. So naturally I start trying to look in to owner info. In CA you can't get owner names from the appraisaler's/assessor portal online. I haven't done it yet but I think you can go get them at a physical office.... but I wanted to see if anyone has some info on what some of the indicators mean that I'm seeing.

For example, on two of them it comes up with a Tax Status of exempt. Does that mean it's government owned? And not worth looking further in to? I can find nothing on the property on google, which is strange considering almost all address pop up in Redfin or some other listing site.

It's really strange, considering there are 2 normal properties between the two that are listed with exempt status.

Another question I have is when the parcel status says deleted. Any clue on what that might mean on a property?

Hi @Tayo Orunnaika 

Awesome to hear you making it work here. I'm also in the valley and just trying to get started. Haven't figured my first step though, other than spending several hours a day staring at redfin. What areas have you been flipping, if you don't mind me asking.

Thanks for the replies!

Just in my searching, I was able to find some land available in a not terrible location for around 30K. It was fairly graded, but my thought was looking at listings and seeing a lot of what I'm looking for in LA going for around $400 sq/f, totaling roughly a million... Would it not be easier to buy land as part of the cost and then construct a new fourplex that could easily rent out quickly for a good amount. 

I just don't know if I want to whether the payments on the property during the construction period without any income coming back from it 

Hello!

New to bigger pockets and just started really looking at real estate as an investment. Looking primarily at getting a piece of property with 3 or 4 units. Potentially able to add another unit without too much difficulty, somewhere within Pasadena/Glendale to stay out of rent control. Being based out of LA is making a lot of searching, really not fit into the 2% rule. But I'm new and still sort of lost.

I've started to look at land parcel's available around these areas and I am just wondering if you can make a greater investment by building vs buying something. It seems if you build it out into a proper modern small set of apartments, you can avoid any big maintenance issues for a long time, as well as making something highly desirable/and therefore priced accordingly. 

I just have no idea on the actual costs of building a home, but it seems if you buy a piece of land you should be able to build something for less than what a lot of the already built houses go for here, it being such a largely inflated priced market. Building also opens the opportunities on location as it avoids rent control all together.

Just wanted to see if anyone else has any info or experience with numbers.