All Forum Posts by: Michael Kovac

You have a PM my friend!

Please let me know if I can be of assistance, I have helped many get their start in the 2-4 unit owner occupied realm.

This is excellent @Chris Mason thank you for sharing.

Thanks for the mention @Account Closed

I am not speaking in reference to a rental in any capacity. Only in recapturing square footage for resale in this specific scenario. 

A good question to ask yourself is if you plan on staying in the Bay Area long term. If the answer is yes then begin the shopping in an area/neighborhood which has yet to see the full brunt of the bullish upturn. 

Happy to discuss with you in further detail anytime.

I would love to discuss this with you in greater detail as I have been doing some work in San Rafael recently. The question is a bit more complicated and essentially has to do more with your goals. I will send a PM but please reach out at anytime. 

If you intend on keeping it as a single family then the answer to your question lies in simple math.

The zip which you provided leads me to believe that the house in question is in the Outer Sunset where in the past 180 days we have seen an average of $909.71/sqft. If you can recapture 550sqft that is an additional $500,340.50 in equity. If you can do the construction for $100k (it will be more), even at $200k its a no brainer. 

I am trying to think of this very simply....

I would recommend David Wasserman at Wasserman & Stern. I'll PM you his info. Tell him Vic Borelli and Michael Kovac from Paragon Commercial sent you! Best of luck!

Congratulations on making the first step in building your financial freedom @Jarrett Coggin.

I'll get some lenders to reach out to you - today is a bank holiday so you will have to sit tight for the time being.

Let me know if I can help otherwise!

@Wayne Brady

We can certainly find something that will cashflow if you are in the mindset of rehabbing yourself. The key is add value within adding additional units, footage and rent increases when possible. I just sent you a quick message with my information, please reach out anytime! 

@Chris Meunier 

In reference to your last question -  are you aware that you can combine your owner occupant $250k/$500k capital gains tax exemption in addition to the 1031? That could be the ticket...