All Forum Posts by: Sherwin Gonzales

@Arlen ChouThank you for the great feedback!

I by, no means, want a big target on my back! In the future, I will be more conscious about things I post on BP or anywhere on the internet in general.

I guess there's no way to delete a post on BP. You can only update a post.

Welcome @Neil Henderson! Besides the forums, blogs, and podcasts, you should also check to see if there are any meet ups with like minded real estate investors in your neighborhood.

Good luck!

Awesome! Thanks @Edward Sittler!

@Edward Sittlerthank you for sharing! This article is very interesting. It would be nice to know the exact new zoning/ setback requirements and other new restrictions.

Just wanted to get the BP's universe feedback on this topic of coming up with an offer letter for a seller of the property you are trying to acquire.

What are the pros? Cons? Tips? Advice?

Does this really make a difference especially in the Bay Area Market (San Francisco, Oakland, East Bay, etc.) that I'm in? Would this make you stand out from a all cash buyer?

@Calvin Kwan@Gino Barbaro@J. Martin@Chris Masonthank you so much for all the feedback and advice! I really appreciate it.

My first initial thought was that I could rent the in law unit to a friend or co-worker. It would be like a house hack where I'm renting a room in my house. But I'm just thinking ahead in the future when I move out, it would be nice to have two units to rent out instead of one. But that could get complicated because all the utilities would have to be under the SFH unless I get the proper permits to separate the two units.

Nevertheless, great advice all! 

Much Mahalo!

Hello BP universe! I seek your advice and wisdom once again!

I've been looking at properties in the Oakland Bay Area and have noticed a lot of single family homes with in law units that aren't permitted. I was wondering if such properties are even worth considering seeing the potential cash flow opportunities of renting out the in law unit.

Has anyone purchased an SFH with an "illegal" unit and rented it out? Or has anyone bought a property and got the in law unit permitted and if so, is that a long and expensive process?

Forgive my vagueness but if you need additional information, please let me know!

Much mahalo all in advance!

@Nick Zocher, This would be great information to know! I'm currently looking for a primary residence in the Oakland/ Berkeley/ San Leandro area. Your report would give good insight to the different neighborhoods in the area. Thanks in advance for sharing!

Thanks for posting this @J. Martin!

Welcome @Jualeah Shaw! BP is a great source of real estate investing knowledge! Good luck!