All Forum Posts by: Sonya Gulka

@Genny Li Didn't find anything in the bay area. And whatever I found were all requiring a minimum no of bathroom pods to be ordered. Anything you have know?

@Joseph W. I like your optimism, but with 50k, it became almost impossible to find a good deal in almost all owner friendly states with good cities.

Hi,

I'm looking for some suggestions regarding a bathroom addition. We have been talking to several construction companies, the outcome is not so promising. Some of them aren't taking up the project because of the size of project or some of them are quoting us 100-120k for this addition, super expensive because we are in the bay area. It's going to be a standard size 5*8 or 6*8 bathroom.

Also, in terms of the cost, we want to cut down and looking for options like bump-out which could cost us less since it doesn't involve touching existing roof and foundation and use this bump-out to add the bathroom. Please share your experiences, any details of how much this kind of project should cost us and any knowledge on bump-outs, if any contacts you want to share please dm me.

Appreciate your time!

Thanks

Hi,

I'm looking for some suggestions regarding a bathroom addition. We have been talking to several construction companies, the outcome is not so promising. Some of them aren't taking up the project because of the size of project or some of them are quoting us 100-120k for this addition, super expensive because we are in the bay area. It's going to be a standard size 5*8 or 6*8 bathroom.

Also, in terms of the cost, we want to cut down and looking for options like bump-out which could cost us less since it doesn't involve touching existing roof and foundation and use this bump-out to add the bathroom. Please share your experiences, any details of how much this kind of project should cost us and any knowledge on bump-outs, if any contacts you want to share please dm me.

Appreciate your time!

Thanks

@Travis Fairbairn 30% down payment

You all pointed out the flaws with our plan in a very constructive manner. Really appreciate that. Although we are targeting good neighborhoods for appreciation and to make sure we get good tenants who maintains the property well and pay rents on time, having a positive cash flow is an absolutely necessary piece to make sure we make money on the investment from the beginning instead of hoping to make money at the end when we decide to sell it.

With that said, are there in cities around Austin and Dallas, where I can find a middle ground of find good properties with good cash flow in a decent neighborhood with good schools? Cities and zip codes will be of great help to start my research.

@Bruce Lynn we are planning to put down 30%. Only then it can be positive cash flow. We are not Texas residents that's the reason were looking at major cities only. We live in California and we don't want to have all the eggs in one basket. We already own a place in California. So looking to diversify our assets.

@Lindsey Hughey we want stick to class A. We are going to invest in very good neighborhoods and rent it to excellent credit history tenants. My husband and I are both full time employees and we do not have time to maintain our properties ourselves or deal with bad tenants. We are 30 years old and just getting started on our adventure of building substantial side income over the next 10 years. Any suggestions are really appreciated

@Lindsey Hughey would you be willing to share some such places or zip codes around Dallas? We have been researching but majority of places around Dallas are coming to same.

We are planning on buying a rental property in Plano, TX. Idea is to stick around 325-350k with 25-30% down and rent the place. From my initial research we would get a 3b2b, 1700-2000sqft in a good school district and rent for around 1800-1900$. We would have a positive cash flow of 150-200$ after property taxes and property management fee.

Does the numbers align?

How is the market currently in Plano and what is potential upside in the next few years in terms of property value?

Any suggestions on zip codes and realtors?

Anyone with good idea about the city or already owing rental properties please pour in your thoughts and suggestions.

TIA