Everyone is an expert on everything but no one is talking specific on RE deals and projects. I will just start my own journey then.
No multifamily experience but here I am working with a burnt out building.
More money than sense right?
Oh yeah, I’m still work 2 days a week at the restaurant for $18/hr (where’s my wage inflation?)
I’m having a hard time getting builders risk/ course of construction insurance.
I’ve reached out to multiple agents at different brokerages. All insurers declined except one but the premium is like $100k…
The last agent say I can try to get a California Fair Plan just to have some coverage. Didn’t get a quote yet.
I didn’t expect so much difficulty but I guess that’s the price of learning as you go.
Advice ?
I’ll connect you with my agent in San Jose
DM me
All taxpayers through the government will cover the costs - it might take another 6 weeks to get repairs in but all tenants will be made whole.
Imagine if this happened to a private landlord. All this hotel bills and repair costs and possible lawsuits from tenants. I don’t know if this can be partially covered by flood insurance if it was purchased.
My other place.
Some mold, major Roach 
infestation , And Water damage.
At least the tenant left so I can start fresh.
New floors, kitchen, and bathroom.
Renovations not even done but someone took it for $2500. Oakland
Ok, thank you.
Thank you.
Rented out on 3/1/2023 for $2500. 3 bedrooms/1 bath. Water and Trash included.
San Antonio neighborhood Oakland.
Very nice.
A 3/1 for $2500 fully remodeled is slightly below market.
Thanks.
Yes, pretty much all my stuff are below market.
I’m not really a savvy operator.
People here familiar with Hayward?
SFH - 3bed/2bath 1050sq ft
Mount Eden area of Hayward.
Let’s see what the “market” is vs. what I rent it out for later.
Should be ready before May 1.
Finally got builder’s risk insurance after 6 months of trying… Only cost me $30k for 1 year.
Reached out to dozen broker and all said can’t do it. Only 1 came back at $100k+ . 
Was planning to do without… until finally my usual agent came back with something! Miracle can happen!
Cleared away all the burnt stuff and started framing exterior walls.
Why do these Hayward pictures look like my rentals? 
We need to team up and buy at bulk discount!
