Bay Area realty tips for everyone

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Real Estate

Here is a compilation of YouTube Shorts scripts over the last month.

For $90K this premium parking spot in SF can be yours

It's back on the market, and this time it's even cheaper!

The $90,000 parking spot in San Francisco that was previously priced at $100,000 is now listed for $90,000. In 2020, the same spot listed for $100,000 before being taken off the market.

The spot is located in the South Beach neighborhood at 88 Townsend St., right next to Oracle Park and the Embarcadero. It's just one block away from Oracle Park and has been on the market for 164 days now.

You don't have to be a resident at 88 Townsend St. in order to own this premium location, but would still have to pay property taxes and an HOA fee if you were to purchase it.

The parking space is currently leased out for $300 per month according to Trulia's listing.

 

REAL ESTATE INVESTING For Beginners Ep 2 #shorts

Are you ready to take your real estate investing career to the next level?

In this video, we'll show you how to determine ARV—after repair value—and how that can help you make smart investments.

Let's start with some basics. ARV is different from the purchase price of a home because it takes into account any repairs that need to be made after buying a property. It takes into account any renovations or upgrades that need to be done in order for a home to sell at its full value.

You'll want to find out what ARV is before making an offer on any property so that you can set your price accordingly and make sure you're getting a good deal.

 

Tips for teens on real estate investing

When you flip a house, you buy it low and sell it high. You do this by making repairs and improvements on the home until its value has increased enough that you can sell it at a profit.

But there are other ways to make money in real estate. One way is called "wholesaling," which means finding a buyer for your property before you even own it yourself. That way, when someone else buys your property from its current owner (who doesn't know they're selling), they'll pay YOU for bringing them together in the first place!

Wholesaling is a great way to build your portfolio without having to put any money down up front—and it's a great way to start making money as early as possible in your career as an investor!

 

The worst houses to buy as investment properties

First up: a good condition home in a very expensive neighborhood. It's not a bad deal until you consider the fact that the rent won't be enough to cover your mortgage payment and expenses. You'll have to charge more than market rate to make up for it, which means people will be less likely to rent it out.

Next: A decent condition home with no value add. This one has potential if you can find renters who are willing to pay top dollar for what they're getting; otherwise, you might end up losing money on your investment.

Finally, we have a low price point, low rent. This is probably the most common type of bad deal for an investor because it's so tempting at first glance—who doesn't want an inexpensive house with low mortgage payments? But again, this is not a good long-term investment because there's just not enough money coming in from the renter side of things.

 

Things to know before buying a house

If you're looking to buy a house as an investment, there are a few things you need to know.

First off, if the home is in good condition and/or has been updated and/or is located in a highly desirable neighborhood, it's probably going to be very expensive. That's great if you're planning on living there yourself, but not so great if you want to make money from it.

Another deal-breaker: if the home isn't in great shape but has potential for some value-add—that means something like converting it into a duplex or triplex—the price point should be low compared to other homes in that neighborhood. This will make it easier for you to turn around and sell at a profit later down the road.

Finally, don't buy a fixer-upper unless it's really cheap—like under $100k cheap—and even then you should think twice about whether or not buying such an inexpensive house makes sense given all the time and money that would go into rehabbing it.

 

Real estate investing is not easy

Real estate investing is not easy. It's hard to find good contractors. The market is volatile. You need a mentor to walk you through this process so that you can have some peace of mind during this time of change.

That's why, as a local realtor for the last many years, I'm here to walk you through all of the steps involved in real estate investing: from finding your first investment property to selling it at a profit while keeping your sanity intact!

I'll teach you how to find properties that will make you money right away, how to negotiate to get the best price possible, how to find contractors that won't break the bank but will still do good work, and more! If you follow my advice, I promise that your first investment property will not only be profitable—but it'll feel like a walk in the park!

 

How depreciation helps real estate investors with taxes

Depreciation is a way of reducing the value of your property so that you can pay less in taxes. This is an expense that allows you to write off part of the value of an asset each year it's used over its lifetime. In other words, if you buy a building worth $1 million and it lasts for 20 years before becoming worthless, then each year after Year 1, when calculating taxes and determining profit or loss on the sale of the property (or any other transaction involving it), only $50k will be counted as income (instead of $100k).

That means that when calculating taxes owed on the sale of this property (or any other transaction involving it), only $50k will be counted as income instead of $100k. 

 

Would you buy a penthouse for $4.5M in Toronto Downtown or a 50-unit building in Windsor? 

If you want to live in the penthouse, go with the penthouse. But if you're looking for an investment that will give you a solid return on your money, then my advice is to go with the 50-unit building in Windsor.

Here's why: when it comes down to it, real estate is all about location and demand, and Windsor has both of these things going for it right now—but not so much Toronto Downtown. The demand for apartments and houses in Windsor is higher than ever before and prices are rising along with it; but in Toronto Downtown they're falling. This means that while buying an apartment or house in Toronto will be more expensive than ever before—and some people say they're pricing themselves out of their own city—the value of your investment won't increase as fast as if you invest in Windsor.

 

Real estate hack

Did you know one real estate investor was tired of paying rent every month on a house that wasn't his. So he started buying rental properties and renting them out. And guess what? It worked!

He sold eight houses that he had bought over the years and made $1.5M off his investment by just owning rental properties because of appreciation. And now he still owns 60 units, and none of these have my money invested into them—it's literally a free house! It's his cheat code or real estate hack!

 

3 things you need to invest in real estate

The first is knowing the market. You need to know what houses are selling for in your area and how much they're going for. You also want to make sure that you're not overpaying for what you're buying.

The second thing is knowing how much it costs to rehab the house. This will help you determine whether or not it's worth investing in that property or if there are better options out there.

And thirdly, you want to know how to finance the house itself! Make sure that you're getting a good deal on financing so that it doesn't cost more than it should be costing!