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?)
February 19, 2023, 2:37am
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.
February 19, 2023, 3:36pm
I’ll connect you with my agent in San Jose
February 20, 2023, 4:23am
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
That’s gonna be a lot of work
@caiguycaiguy. Nice job on the design.
Rented out on 3/1/2023 for $2500. 3 bedrooms/1 bath. Water and Trash included.
San Antonio neighborhood Oakland.
Old tenants moved few months ago so doing some renovations.
March 17, 2023, 5:50am
A 3/1 for $2500 fully remodeled is slightly below market.
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.
Retaining wall fell.
City at least tarped it for me.