All Forum Posts by: Sean Walton
Sean Walton has started 27 posts and replied 527 times.
Post: House Hacking to New Construction Progression - Financing

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Yes Segal does seem to contradict himself there. I guess you could stay unlicensed and do all the design yourself "under the supervision" of a friend who is an architect, then have them stamp and sign, if it is multifamily. If it is a single family in most cases it doesn't need to be stamped. I think the big liability is if you have partners who decide to sue you or if you sell off the property before the 10 year statute of limitation on construction defects.
I don't think Johnny bucks are going to get you to a 20% down payment but they might cover a portion of your down payment. I think what went along with that technique is it is better to pay yourself with equity in a project and rental income than architect wages that are taxed less andantagously
Post: House Hacking to New Construction Progression - Financing

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
@Nathan Hemming A while back I had a rental that used to be my primary residence. I asked my mortgage broker if I want to buy another place will the rental mortgage count in my debt to income ratio and he said if you have tenants and a consistent record of payments that cover the mortgage and expenses they will basically ignore it in my DTI. Unfortunately it was cash flowing about $1000/month which they wouldn't let me count as income. I'm not sure how other banks will look at it but that is just the info I got from one guy.
Post: How to Value Land + Teardown SFR

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
I would ask the owner what he wants for all the properties? Then do some of the due diligence to see if it is reasonable. If he is looking at it as lots for single family homes and a developer can do multifamily, you may be able to get a good deal you can shop around. Try and get it under contract and shop it around to developers I know one that does large multi families in Seattle if you want to PM me.
Post: Gauging interest in a San Francisco Quarterly Meetup

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: San Francisco Real Estate Investing Happy Hour

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: San Francisco Real Estate Investing Happy Hour

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Originally posted by @Sean Walton:
Hi All San Francisco Real Estate Investors,
We had a great little networking meetup last month and I want to keep these things regular. I won't be pitching anything just getting some smart people in the room to discuss what they are doing in real estate. Local or out of state, new or expereinced it doesn't matter. Please bring your business cards. Feel free to invite others
6pm Louie's Bar on this Sunday April 30th. It is close to BART but on a side street just south and parallel to Market Street.
55 Stevenson St, San Francisco, CA 94105
@Puran Zach Grewal, @Ralph Forde, @Mark Pedroza, @Eduardo Zepeda, @Ali Goss, @Gagan Chawla, @Matt Sanford, @Sasha Josephs, @Ariel Smith, @Katrina Razavi, @Pratik P., @Dana Dunford., @Chris Mason, @Houston Garcia, @Andrew Clemenza, @Jason Hsiao, @Sherwin Gonzales, @Rollan Dizon, @Account Closed
See you all in a bit
Post: House Hacking to New Construction Progression - Financing

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: Any way of liquidate 401K.

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: What materials do you use? Windows, doors, siding etc..

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: If I have Roommates, do they get Rent Control

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298