All Forum Posts by: Wesley I.

@Lee Gilroy

Looks great! And Congrats on a successful build.

Do you mind sharing your designers and GC?

@Brian Weber

Welcome to BP fellow San Diegan!

I would suggest attending the local meetup groups as there are plenty of OOS multifamily investors around. Not sure if you fancy syndication or want to find and secure your own deals.

Also a reminder that the BP conference will be in San Diego this year.

@Mary Ainsworth

If you still need one, i have a recommendation, she works for a national bank and has helped a lot of times. She’s also an investor and I get off market opportunities from her as well.

@Mary Ainsworth

Hi Mary, in our current market, I would at least ask seller credits to cover closing costs. This way the only money that would come out of pocket is your downpayment. If the seller is willing to give you more than closing costs, you can put it towards your impound/escrow account, buy down interest or reduce the purchase price.

I was going to look up my closing costs when I closed on my primary earlier this year but my darn password wouldnt remember itself.

@Bruce Woodruff

Your words are encouraging. I’m in the middle of a “severe” rehab in west Escondido with 50% of my budget already spent, still a long ways ahead but im seeing a little bit of daylight. Removing plywood over subfloors is giving me anxiety.

@Samantha Gray

Try HSBC.

@Nnamdi Mowete

I would call your AHJ/inspector and verify if its the size of water heater that is inadequate or each unit needs their own WH. I would also verify that with research. If you need two water heaters, your gas company will probably require you to have two gas meters (at least where I live this is the rule). Hopefully the additional WH gas loads can be supported by your existing gas service and can come off the same riser.

@Santiago Casar

Do you have experience building ADU's or looking for someone who does?

I'm playing with a floor plan right now and waiting on my lender to get approved so we can get the ADU grant.

Please sign up on meetup and look for the Ales & Assets. Would love to connect with you all this coming Sunday.

@Jeff Joachim

Why not own both?