All Forum Posts by: Lesley Resnick

I am looking at larger pieces of open land to build a neighborhood.  I am amazed at the cost of roads and utilities into a neighborhood?  It is going to run 10-15k a house and this is infill with utlilies at the street. 

What are other people seeing?

Should I stick to road frontage only and avoid creating a neighborhood?

I am not from California and I generally understyand what is going on in the PEOPLE'S REPUBLIC OF CALIFORNIA, but you are going to buy a house to get/keep low property tax?

You need to take me though the numbers as to why?  Should the investment stand on its own merit and property tax just be one part?

You have hit on Rober Kiosaki's new book.  My granmother's 1-2-3 steps to Wholesaling. 

I have repeated asked appraisers for their opinion about solar.  There is no universal answer, some think you get a little bump, others say you get nothing for it.  

It would be difficult to raise the rent for the solar.  Tenants are not going to wrap their heads around it.  The play may be to just do net metering back to the power co and not supply the house.  Not sure if that is even possible.  The other area that has interested me is that some municipalities have kickers.  Jacksonville does not, so I have not looked into it any further.

I vote for GRIDLOCK!  Democratic president and everything else should be slightly republican (House and Senate).  They should spend their time arguing and postulating about the other side and DO NOTHING!  I can not afford any more help or our government to "fix" anything.  It's not that there aren't areas that could use improvement, but Government has lost all ability to efficiently do anything.  I fear that in the name of good deeds we all will sink.    

I have seen this strategy talked about, but never anyone doing it.  The idea is great to take the bonus deprecation in year one. I have looked at this asset class and never wanted to make the leap.  I am concerned about management and the actual quality of the tennants.   

The property I have in mind would work as owner occupied or as an investment.  It would really depend on the rest of the terms.  Are the terms better for owner occupied?

I have seen a number of ads for low doc loans.  I thought the COVID killed them?  

Does anyone know their terms?

I am going to start calling around.  It may be time to move, House Hacking time!

No one works for free.  The longer you invest, the more you learn this.  Many new investors belive they will or should hit a homerun their first time at bat.  If it means they burn every bridge they come to, so be it.  Bob and Betty bad *** are alive and well.   This is a long game and you can only be a jerk so long, before no one wants to work with you.  Like it or not this is a team sport.  

If everything goes according to plan then anyone can do my job.  The first time something goes wrong, it will be clear why using an expereinced agent is imperative.  I buy and sell more real-estate for myself and others than 99% of investors.  My help and knowledge is for sale, this is how I make my living.        

I do not live in Ca, just a casual observer.  Specific to housing, I see a huge homeless population coming.  In an attempt to level out the situation the unintended consequences are going to to be catastrophic.  The stock of rental properties is going to continue to drop precipitately.  There is no reason to be a landlord with all this regulation.  There are many other places to put your money or live.  

Great economies and increased standard of living are not created through greater government regulation.  I hate to be so simple in my thinking, if you need more housing, build more.  I also know that Ca has challenging building codes and land use.  There seems to be a lot of, "in the interest of the greater good, we are going to unintentionally make it worse for all".

 I have been told that in San Francisco homeless population has grown and caused sewage to run through the streets in some locations.  Resulting from their being no bathroom facilities available to these people.  

If you think your taxes are not going up, you are mistaken.  It will not matter who you vote for or what story they tell you.  If it means there is a surcharge on you fuel, removing the mortgage interest deduction, you will pay more!  WE have a sky-rocking debt as a result of the virus.  After WWII was the last time the US spent at this level.  Resulting in a debt that exceeded the GDP.  Our advantage was that all the other industrialize economies were destroyed and our was not.  That is not the case today.