All Forum Posts by: Garrick Oconnell

Hello 

@Robert McDonnell

Please contact me if you have properties in Yuma

@Manolo D.

Budget was $18,000 project was finished a while ago 1000 sq/ft condo. 

paint, kitchen remodel marble counters-cabinets, SS appliances, wood flooring, 2 bathroom update.

@Matt C.

Thank you for the referral !

I would say get it. 

It will help you in the future understand the transactions you are putting together. 

I am in the process of getting mine and its a 2 part test. National and state. So once i am done with it in AZ who require in person classroom time i will get a CA where I can just take the state part and log the online hours. 

It comes in handy i am an assistant in san diego which allows me MLS access.

I can tell you from experience that sometimesa commission   can be there difference from a property being a deal (buy and hold) or have to walk away in SD in such a competitive market everything counts. 

I live in San Diego and invest/ manage properties in AZ.

It depends on your goals 

if you are purchasing to buy and hold turn key or not I would get in touch with the area, visit, know your numbers, and really do or verify the due diligence. The better the deal usually the more challenging neighborhood. The deals that read well on paper and are turn key usually cost a little more because vacancies are lower etc...

Looking to wholesale or flip you can mitigate alot of your risk by buying right. Again due diligence is key.

Personally I spend at least a few weeks in every area I am thinking about investing in. I hear great things about Tennessee and Texas but i have never been there and I prefer to be within 10 hrs maximum of my hold properties.

Do not do the stairs the labor is all in the cuts!

Laying floor is much easier and less labor intensive. So floor installers are not hard to find and I would usually combine a interior paint, restroom upgrades minor, 

You did get overcharged but if he did it all in 1 day including the stairs that is FAST

Always  get a number in advance and hold them to it. Most contractors will bid high to compensate for the unknown. (which means they are usually not qualified for all or part of the job)

These guys gave me decent pricing and good work on overall basic rehab paint interior, flooring, kitchen- flooring, cabinet upgrade, drywall, restroom upgrade. Last year 

http://sddesignandbuild.com/

but it is all relative to your negotiating, time frame, holding costs

Now i project manage my light rehabs a little and take less expensive workers but really stay on them making them agree that if they do sub-par work it will have to be redone at there expense. I wouldn't recommend any of those guys they don't know how to job cost or will take a job they are not fully capable of doing with people they don't know who don't know any better.

@brandonheath 

Looks like you have the pro account under analyze> House flipping calculator or RENTAL PROPERTIES CALCULATOR

learn how to use them, learn what the fields mean, run the numbers. 

San Diego is a VERY hard city to work in high values, rising market.

Do not be intimidated by the clubs you get to hear from EXPERTS, successful, and experienced people for A VERY SMALL FEE 10-$20 next time you are interested in visiting a club look at what the speaker charges for a similar bootcamp or speaking engagement usually $100's or thousand$ a person.

Cash flow is very hard to get in San Diego it is a second job in the beginning to search for it but read these blogs use the tools provided learn more by researching and taking action. 

The easiest way to cash flow in san diego is to house hack a multi family, but not as easy to buy it right or find it. That will be the bulk of the work. 

Realtors do not understand investing or tend to avoid it because it does not correlate with the market or help get a commission. It does cost them a considerable amount of knowledge and money to show/ market themselves and properties so they rightly so should receive them.

Hello 

@Martin Z. 

I would tread carefully and NOT use the link you provided. 

you can find the code at this link it is longer and a little hard to translate.

http://www.dgs.ca.gov/dsa/Programs/progAccess/acce...

Also it is important to keep in mind that the parking requirements as far as quantity for accessible stalls is less for multi family than commercial (dimensions are the same)

You may be interested in getting a CASp report for your property the report will tell you exactly what you need to bring your property into full compliance and certify it. This can help protect you against frivolous lawsuits that are prevalent is CA.

@Bud Dwyer

Phoenix

I live in San Diego and invest in AZ 

Cash flow is way easier to attain in AZ and you will be able to build equity in multiple properties that way you can shed 1 and exchange up etc... 

your number look ok !

If you can add value to the duplexes in AZ, and if they are all near each other even better!

Hello @Karl Chapman you can see on Loopnet right now in San Diego, CA there are quite a few elder care homes for sale. If you look at what they collect yearly and divide by month and bed you can find out what they are charging. San Diego is a very expensive area just for reference. 

Your prices should reflect the amount of service, and staff you provide. Overhead like insurance, and mortgage will be your base minimum.