David G.

Interested in: HOUSE HACK Get a rehab loan (Fannie Mae Homestyle at 20% down) to buy, rehab, and live in a beautiful SFH pool home in LA County. Preferably Woodland Hills or Calabassas areas as you get higher square footage for your money. Convert detached garage or build/prefab 1200 SQFT 3bed/2bath ADU & convert part of downstairs of main house into approx 500 sqft JADU. Make cosmetic upgrades to main house. There should be a separate entrance for all 3 structures. Everyone shares pool/spa and outdoor area. Total of at least 6 parking spots on property or street. Increase property value by at least 20% of purchase price + rehab. I will live in the main house and rent our the two ADU's. When I move out, the entire house (all 3 units) must cash flow as traditional rentals.  STR Vacation Rentals with a 25+ % COC return in the Coachella Valley, CA and Smokey Mountains, TN. Preferably a larger estate away from neighbors. Here are my min requirements. Gross Revenue 100K a year (including cleaning fees) Sale Price Must < $450,000 Gross Revenue 120K a year (including cleaning fees) Listing Price Must < $600,000 Gross Revenue 135K a year (including cleaning fees) Listing Price Must < $700,000 Gross Revenue 145K a year (including cleaning fees) Listing Price Must < $800,000 Gross Revenue 160K a year (including cleaning fees) Listing Price Must < $900,000 BRRR Cash, fannie may homestyle, hard money loan, or conventional loan to BRRR in southern california or out of state.