All Forum Posts by: Taha Tekreeti

Hi everyone,

I’m in the process of closing on a property in El Cajon (zip code 92020) with RM2200 zoning and enough space to add ADUs. I’m trying to decide on the best strategy for building:

• Should I go with a 1-bedroom, 1-bath ADU, a 2-bedroom, 2-bath ADU, or even a 3-bedroom ADU?

• Which unit size would rent faster and have higher demand in this area?

• Are there specific trends or tenant preferences in El Cajon that I should consider?

I’d love to hear from anyone familiar with the rental market in El Cajon or who has built/rented ADUs in similar areas. Thanks for your insights!

I manage my own property in Virginia, and my tenant asked me to replace the oven because it's burning food. I asked for measurements to arrange the replacement, but they took two weeks to respond. When they finally sent the measurements, they also listed other repairs. I was busy and didn’t reply immediately, and now they’re saying they’ll withhold rent until I address their requests. How should I respond without seeming like I'm only replying because of their threat?

I need help analyzing a duplex I've found a recently selling for ~800k and renting for $4100/month. I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means the property will be in a negative $1600 without even counting capEx, vacancies and other fees. 

I'm new to California and I know the state is not landlord-friendly so I think its hard to raise rents to market value (max I can do is 10%) is that right? 

anyone would think this deal could work with the limited information I've provided :) ? 
I'm curious to know if anyone is finding properties that cashflow in the area especially with the current mortgage rates?

@Mo Karim no not yet but I’m tempted to. 

I’ve been following Elliot from Ace Properties for a while on instagram and I’m considering buying properties from him. He usually sell properties in North West Indiana and Milwaukee. I was wondering if anyone here has purchased properties from him before and what were their experience? 

Hi BP, 

I’m moving out to a different state and planning on renting my townhouse in Falls church NOVA. This will be my first rental property so I’m very new to the process and need your help! 
My first question, what is usually the deal with renting out? Can I get a property manager that will do the listing of the property, find a tenant and do all the paperwork? Or do I need to get a realtor and a property manager? And how much would that cost? I’ve heard 7-10% of monthly rent for management and not sure about the renting part? Is it a full month rent? 

second question, any recommendations for a good property manager in northern Virginia? And what are good questions to ask when interviewing a potential manager?

Final question. Anyone recommends getting a home warranty? My house is small about 1000sqft and appliances ages varies between 5-15 years. 

Hi all,

I’m planning on moving to San Diego soon. I was looking at the housing market there and tbh it’s kind off disappointing. House sizes average 1500-1800 sqft most of them sit on A quarter of an acre and mostly built in the 70s with a price tag of > 1million . I live in northern Virginia which is expensive too but it doesn’t really compare to SD.

I was thinking about building my own house and finding a builder who I can work with there. I have couple family members who are interested so I was thinking if we can find a large lot or an old house on a large lot to demolish and build into 2-3 houses. 
I’ve read on the forums here the vacant lots in SD are usually vacant for a good reason so they might not be a good investment. Is that true? Also is my idea realistic about buying an old house demolishing and building into multiple properties?
Is it easy to get permits for such work? 
anyone recommends any builder to contact? 
and what is the average price for new construction? 

Thanks! 

@David M. thanks a lot for the thorough response! 
for your point about sec121 I’ve thought about it and decided to rent for a year or two and see whether I keep the property and use 1031 exchange in the future or sell it within 3 years. The only reason I thought about keeping and renting is because I have 3.5% interest rate and don’t want to lose it. 
 

Hi biggetpocketers,

I have a small townhouse that was my first home purchase and I've been living in for 7 years. I'm moving to a different state so I decided to keep the house and rent it out. The house mortgage is a fixed 30 years through a truist bank. I've read on the forum that people put their investment properties into an LLC so I was wondering if I should do the same before I rent it out? how can I start the process ? And what are the benefits of doing such a switch (if there is any?)

congrats @Mack Lane on your first investment! great numbers and I hope my first investment will be as successful as yours :) 

did you finance your property or paid cash? your answer to the finance question is that you paid in cash but in the first paragraph under "cash invested" you put $6000?

also do you mind providing more details about how the bidding process went and did you need to work with an agent to participate in the auction? and how did the inspection and closing process looked like?