All Forum Posts by: Owen Schwaegerle

Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal only payments. Rents are currently $3200/mo.In the scenario it would be getting about -$1,000/mo.Open to hear your thoughts.

Initially it doesn't make sense to do. You could justify it for the tax savings and principal pay down.

We have a pretty great line up - if you live in San Luis Obispo County, Santa Maria, Paso Robles, or anywhere on the Central Coast you should come!

Affordable housing - do those two words even belong in the same sentence any more? The cost of owning has become so staggering that only 17% of households could afford the median priced home in California in Q1 of 2023. This means more people will be renting for longer, and even the cost to rent can be so exorbitant that government assistance may be the best option for renters.

Section 8 Housing vouchers have long been frowned upon by housing providers, yet Section 8 is now a protected class that cannot be discriminated against. As a housing provider how can you learn to work with Section 8 and other affordable housing programs? At our next SLO Real Estate Investor Meetup we will be having HASLO, Salvation Army, The Link, and 5Cities Homeless Coalition sit on a panel and answer all your questions about Section 8, government assistance, how to become eligible, and remain compliant. Through investing in real estate you can provide much needed opportunity to those in need in our community.

Who do you know that would be interested in attending this free meetup in San Luis Obispo on the beautiful Central Coast of California?

Please RSVP so we can run an accurate headcount for the venue. The address is 1631 Monterey St, San Luis Obispo, CA 93401.

If you are ready to check in with other investors, mix and mingle, and learn how Section 8 can generate income on your investments come and join us!

Best wishes,

Owen and @Ben Tilbury

SLO Investor Meetup

Keller Williams Realty Central Coast

CalDRE 02040597 / 02026424

Hi BP Fam,

We are currently doing a garage conversion to an ADU on our primary residence. Adding a lot of value has been great, and rather than take the depreciation over a long period of time we'd like to cost segregate it. Does anyone know if you can cost seg an ADU on a primary?

We are currently house hacking by renting out a 900 SF addition on our house as a midterm rental. Once the ADU is complete we will be midterm renting that as well. We want to make sure to get the highest number of deductions possible since we are on a shared meter. Are we able to deduct the total utilities etc for this home on a % basis of the square footage?

Would love to hear your thoughts!

We will be having our next SLO Real Estate Investor Meetup on Wednesday, June 14th at 6:00 PM at the Quality Inn & Suites in SLO on Monterey. We will be having guest speakers share from their experience investing in real estate on the Central Coast.

We typically have a group of 30+ investors, agents, lenders, contractors, developers, and industry professionals get together to chat about investing. We should be chatting about ADUs, SB9, and real estate development. Let us know if you can come!

Looking to meet other investors, agents, lenders, title reps, contractors, flippers, short-term rental hosts, and more? This is the place. We will be hosting another Real Estate Investor Meetup on Thursday, May 25 at 6:00 PM at the Quality Inn & Suites on Monterey in SLO.

This time we will be having a panel of lenders share about getting your financing lined up for your next deal. We will have a hard money lender, a commercial lender, and conventional mortgage broker share their expertise with the group. How do you purchase property "all cash", rehab property, and refinance out? How do you get a debt service coverage ratio loan? What are the LTV requirements right now? They will be answering these questions and more!

Who do you know that would be interested in attending this free meetup in San Luis Obispo on the beautiful Central Coast of California? We want you to invite your friends, family, co-workers, and anyone else you think would be interested in attending.

Please RSVP so we can run an accurate headcount for the venue. The address is 1631 Monterey St, San Luis Obispo, CA 93401.

If you are ready to check in with other investors, mix and mingle, and learn more about funding your next deal you won't want to miss this next session!

RSVP to either:

Me or @Ben Tilbury

SLO Investor Meetup

Keller Williams Realty Central Coast

CalDRE 02040597 / 02026424

@Alex Bekeza Yes, we can get you added to the invite list for the future!

Looking to meet other investors, agents, lenders, title reps, contractors, flippers, short term rental hosts, and more? This is the place. We will be hosting another real estate investor mixer at the Quality Inn on Monterey. This time we will be having a panel share about short term rentals. If you want to supercharge your wealth building potential, you may want to consider this lucrative niche.

Who do you know that would be interested in attending this free meetup in San Luis Obispo on the beautiful Central Coast of California?

Please RSVP to me or @Ben Tilbury

ATTENTION - the date for this event has been changed to Tuesday, April 18th.

Looking to meet other investors, agents, lenders, title reps, contractors, flippers, short term rental hosts, and more? This is the place. We will be hosting another real estate investor mixer at the Quality Inn on Monterey. This time we will be having a panel share about short term rentals. If you want to supercharge your wealth building potential, you may want to consider this lucrative niche.

Who do you know that would be interested in attending this free meetup in San Luis Obispo on the beautiful Central Coast of California?

Please RSVP to me or @Ben Tilbury