All Forum Posts by: Kip Wanaselja

Thanks for the responses everybody!  I'm working with a realtor and have just got together some financing options.  She's been a pretty good resource so far, and is quite helpful.  I also have an uncle who is an architect so I have talked with him a good bit about how difficult certain projects are and have a better idea on that as well.  

I am still working on my funnel and trying to build out my network (part of the reason I am on this forum ;) ), but wanted to wait until I had some financing in place before doing too much. I have mostly been looking on the MLS/Zillow, and while I have seen a couple places that would be good candidates, it was before I had financing and they went quickly. I have not tried driving for dollars yet, although I did do a few passes around the neighborhood I live in currently. Unfortunately there are very few unoccupied houses around, and even ones that could be considered "unlivable" have people in them. I will keep looking though.

Hello Bigger Pockets! I'm looking to get in to real-estate investing and purchase my first house in the next few months. I'm planning on house hacking and adding a studio ADU for extra income. However I am having trouble finding good places to fit the BRRR strategy. Most places I am seeing either have major issues (foundation, structural, or major water damage) or have been remodeled recently and are quite nice. Some of the nicer places could still use a little updating (tile and granite in the kitchen and hardwood floors) but the price doesn't really reflect that. I am looking in the Santa Cruz Mountains in California so I know it's a hot market, but houses have been sitting for longer and many have had to drop their asking price by 20-50k to sell.

When you're looking for a property, what are some easily recognizable red flags you look for?  Anything that from listing pictures or a walk through could disqualify a place right away?  I saw one place that had good rehab potential but it was not in the best location as it didn't have any sun on the property.   

Great to meet you all and I'm looking forward to being part of this community.

Best,