All Forum Posts by: Account Closed
Account Closed has started 8 posts and replied 100 times.
Post: What price range should i expect to pay for a detached adu
- Santa Clara, CA
- Posts 100
- Votes 71
@Marcos Urvina depends on your location. Where are you at?
I am building a 700 sq feet detached 2B 2B, I have budgeted for $200K for construction & soft costs. I just submitted my plan to the city. Once we start construction the total cost figure might change..
Post: Should I sell or continue to rent out?
- Santa Clara, CA
- Posts 100
- Votes 71
Martin, you have 2 cash flowing properties in the Bay Area, that's a dream, come true.
The benefits of appreciation would far surpass any cash flow you get in other markets. Also have you noticed how rents have increase in the Bay Area? If you are young, and if you continue to work so you don't need the immediate cashflow, I would hold on to both these properties.
Post: Buy home with great equity or invest the $ in cash flow? Regrets?
- Santa Clara, CA
- Posts 100
- Votes 71
@Jay Hinrichs
Historically stock market has given 7% Y/Y growth which means the investment doubles in roughly 10 years. So if I apply that same logic to real estate in Bay Area, home prices are in line with the stock market growth rate. Is this the right way of looking at it? In that case probably RE is not that much more expensive than it was back in '86?
| '86 | 250,000 |
| '96 | 500,000 |
| '06 | 1,000,000 |
| '16 | 2,000,000 |
Originally posted by @Jay Hinrichs
Post: If you are starting out, DO NOT pay for mentorship
- Santa Clara, CA
- Posts 100
- Votes 71
Like with anything education needs to be a well researched and wise investment. There is just way too much info on the internet, a good mentor can shave off years of learning curve. I have had mentors (not in RE) but in some other areas of my career and all the Ah Ha moments I got thru' mentors was worth the weight in gold!
Post: Buy home with great equity or invest the $ in cash flow? Regrets?
- Santa Clara, CA
- Posts 100
- Votes 71
@Jay Hinrichs
I am curious to know approximately what were the home prices in the peninsula/South Bay back then (Santa Clara/Sunnyvale) in the 86' time frame?
Originally posted by @Jay Hinrichs
Post: Start a franchise vs buying a 4plex
- Santa Clara, CA
- Posts 100
- Votes 71
@Imthiaz Ahmed sure, it was a Children's based gymnastics center. I have a FT time job and 2 young kids so I couldn't give it the time it needed.
Post: Buying an investment property in the Bay Area
- Santa Clara, CA
- Posts 100
- Votes 71
Originally posted by @Account Closed:
Welcome to BP....it's really hard to give you advice when we don't know where you live. San Jose is a much different market than San Francisco, Berkeley, and Antioch.
I don't understand why people choose "Bay Area" as their location when making a profile....or put no location at all. Hard to give advice, as real estate is all about location.
Saj, may I ask what do you mean by San Jose is a much different market than San Francisco, Berkeley, and Antioch?
Post: Start a franchise vs buying a 4plex
- Santa Clara, CA
- Posts 100
- Votes 71
@Ali Ahmed We had a franchise business that we sold and invested in real estate and I started sleeping better! Though the business was running itself as we have a full time Director, I always wondered what if the Director leaves..
A successful Franchise business would probably give you better cash flow than real estate in the SJ market.
I wanted to try something different and I am glad I got the experience. You have to weigh your pros and cons
Post: I think shower inserts instead of tile are fine, change my mind
- Santa Clara, CA
- Posts 100
- Votes 71
@Mindy Jensen what is your opinion between glass door and shower curtain for rental? I googled and got more confused.
Post: CPA recommendations in Bay Area
- Santa Clara, CA
- Posts 100
- Votes 71