All Forum Posts by: Sam Chan
Sam Chan has started 12 posts and replied 24 times.
Post: questions on today's Heloc rates
- Posts 24
- Votes 10
Post: questions on today's Heloc rates
- Posts 24
- Votes 10
My current HELOC is Prime + .50. The current bank is now offering at Prime -.16%.
Before I refinance the HELOC, what are other rates our there? Which lender should I explore?
Post: Investment property rates
- Posts 24
- Votes 10
Hi all,
where are investment property rate at today? 500k property with 20% down?
Post: Looking to Convert a Detached Garage/Backyard Storage into an ADU
- Posts 24
- Votes 10
Quote from @Noah Laker:
Hey Jawei,
I'm a real estate broker and investor here in Sacramento. I manage over 100 STR and MTR properties (STR is not allowed currently for ADU's, but MTR is, and great way to maximize the income, unless you're using it for family or office purposes.)
I recently constructed an ADU in the backyard of a property within the city from a detached garage. Relatively simple, not terribly expensive. Expect to pay $120-170 per square foot since it's an existing structure. Much less complicated / expensive than building from the ground up.
Yes, you're correct about the unincorporated County area, so the County is the authority, not the City.
I know a couple of great ADU specialists in the area if you need any recommendations. Best to work with an expert if you want to do everything legit. You'll pay a little more up front, and avoid headaches down the line.
Hope this helps :)
Hi Noah, Can you provide the ADU Specialist that can do garage conversation for 120-170 in Sac? Thank you.
Sam