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Thank you !

You bet

I would make that assumption yes if I'm in an area that has low vacancy and I know that it's easy to rent the units. If there's demand for rental units, then I would come in at market rents right off the bat.

ADU they are exempt because their new construction and their ex exempt for 15 years.

Very cool you should be proud of him. I also went to Lemoore High 🐯

Please reach out to us via our website. We'd love to see how we could help you. www.sageregroup.com/youtube

If you're trying to refinance, the lender should use your income in and expenses for your property.

If the property is vacant, then I'm gonna determine what the market rents would be for the rentals and use that to come up with a cap rate.

Hello, thank you for commenting. Can you please ask your question again? I'm not certain that I understand it.

@@SageRealEstate Of course! In the section of the video titled "How Increasing Rents Affects Value", you give an example where doing renovations to a property allows you to increase rent by $400 per month, and as a result the value of the house increased by $56,000 (assuming a fixed cap rate of 6%). My question relates to the costs of the renovation, and in particular to the returns on the renovation. Almost as if it was a separate investment. If the cost of the renovation that allowed the rent to increase to $400/pm were exactly $56,000, then would that mean that you have made a "zero-sum" operation? 0% return, break-even as I said in the first question. I don't know how to phrase it differently. The logic behind this is that if I need to pay $56k for a renovation that will increase the value of my property by exactly the same amount, then I don't think the renovation was worth the time, effort and risk, especially if the property had to be vacant during the renovation. If instead the renovation costs only $30k, then I have made a $26k profit from the renovation. But maybe I am wrong because the assumption that the value of the property went up by $56k is based on the formula that uses a cap rate of 6%. So in theory it means that if I were to invest $56k in the renovation, I would get a return of 56,000*0.06= $3360 (just as stated in your video) of NOI per year. In this case, the hypothetical renovation of $56k would have a positive return, and the lower the invested amount the higher the return. So which one is it? If I were to spend $56k to renovate a property, which in turn would allow me to increase rent by $400 per month, would I break-even with my investment or should I rather invest it in something else? (let's ignore financing because that would introduce leveraging effects) I hope the question makes sense. and since I've already typed all of this out, thank you so so much for the amazing FREE content your guys provide! If I lived anywhere near Los Angeles I would definitely get in contact for an operation because you guys are true professionals! I watched other of your videos and the thing that I like the most about you guys is the long-term support you provide to buyers, even after the operation was concluded. Having a trusted professional that has reliable contacts in the industry is invaluable.

It really is! Thanks for watching.

We were thankful that Ali agreed to share his story.

Thank you

Yes. Please let us know what you are in the market for. www.sageregroup.com/youtube

If you're in Southern California, Feel free to come to one of our meet ups that we hold monthly or any other event that I'm speaking at.

I thought it was a great interview. Sorry you didn't like it. We will continue to get better. Keep tuning in.

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Please note that we are real estate professionals first we're not professional commentators. We're trying to provide value and we're simply doing our best but we were not trained to be on TV. I do appreciate you watching.

Sorry you didn't like it....other feel differently it's our most popular video. Thanks for watching anyways!

Reach out to us. You are our neighbor.

Thanks Frank for the suggestion. Stay tuned.

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Glad it was helpful!

That's normal and customary.

@@SageRealEstate in my market anything over 1% is high

In some cases, it will make sense to buy cash. Unfortunately, not everyone has that luxury.

Yes, we definitely have Nationwide affiliates. Feel free to check out this page so we can refer you: www.sageregroup.com/youtube

There was a time where the interest rates were at 3%. Clearly that's not the case right now.

Luke under four units the bank doesn't care if the property doesn't cash flow, it's not a requirement. The scenario you're describing exist, but on five units and above only. Southern California has a track record of over 50+ years of an average of 6.3% annual appreciation. So it's really not that difficult difficult to predict.

Thanks for watching!

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Clearly educational......views and comments don't lie. Thanks for tuning in.

Who needs Adderall when you have the adrenaline rush of a RUclips channel. 🤣 seriously, thanks for the comment and we hope you find our content, engaging and educational.

Glad you enjoyed it!

You're right, but nothing is truly passive. They're always needs to be some level of time and effort dedicated to the type of Investment.

@@SageRealEstate I have rentals. I'm just chuckling

Glad it was helpful!

Hello Jose, Visit my website www.sageregroup.com All my info is there. Thanks

Ontario California? Yes

You've always had the option to go directly with the listing agent. A lot of investors come from my listings. But you're right most buyers are not going to want to pay the buyers agent commission. I don't see it happening.

Most real estate agents do not treat it as a profession so I can see why you say that.

Hello 👋 From Phoebe our trusted lender : 3 months PITIA reserves required on 3-4 unit properties Also, somewhat rare but on a manual underwrite, 1-3 months reserves may be needed on SFR or two units.

You'll most likely will need to have a job and or a business in mind.

please reach out to me tomorrow as that is about to change moving forward.

Most investors in just about every single industry use other peoples money. Wall Street is made up of companies using other people's money. Elon Musk uses other peoples money. This is the way of the world.