Has COVID-19 Raised Your Property Value?

How has COVID-19 affected the value of your duplex, triplex, or fourplex? I know this is a sensitive issue. Obviously, COVID-19 has changed everybody’s lives for the worse. Today, however we’re talking about the question: has COVID-19 raised the value of your duplex, triplex, or fourplex? So first of all, value, as you may know,
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Can I still sell my San Diego duplex even if my rents are way below market value?

Question: “We own a duplex and are considering selling it. Our rents are way below market because we’re just not very good landlords and our tenants have been there forever. Will that be a problem?” Answer: You’ll still be able to sell your duplex. But because a large percentage of potential buyers are investors, and
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Calculating Value of Multi-Unit Properties Can Be Tricky

Question: “We have four units in Ocean Beach we want to sell. It’s a house plus a triplex in back. An agent calculated the value for us as four units, but shouldn’t the value be equal to the price of a house plus the price of a triplex added together?” Answer: I wish the answer
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A Good Choice For Your First San Diego Home & Investment

Question: “I’d love to buy my first house, but can’t quite afford one.  And I really don’t want a condo.  Do you have any houses where the owner will let me make payments to them at a low rate?” Answer: Nope, and you’re unlikely to find anything like that. But I have a totally different
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Are There One-Bedroom San Diego Homes?

Question: “I’d like to buy my first home. I don’t need a lot of space; one  bedroom should be enough. I don’t want a condo. Is there such a thing as a one bedroom house?” Answer: One-bedroom homes are very rare. I doubt that even close to 1 in a 100 homes have just one
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Buying a Foreclosed Duplex Directly from a Bank

Question: “I’d like to find and buy a foreclosed duplex directly from a bank. Any advice on how to do that?” Answer: Having sold close to 800 foreclosures for banks, I definitely know the answer to your question. If the property is owned by a major bank, they have a process they go through before
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What’s a Reasonable Return for Your Investment Property?

Question: “I’ve been looking for an investment property for several months to buy and hold. I’m open to a house, condo, duplex, triplex, or fourplex. Just nothing with 5 or more apartments due to financing. I’m trying to get at least a 10% return and…” Answer: Hold on…10%? If you’re banking on a straight 10%+
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Buying a Duplex as a First Home

“What do you think of buying a duplex as a first home?” Answer: Way back in 1986, the first home my wife and I bought was a Clairemont duplex. We stretched to buy it for $122,000, but we did get $425 per month for the other 2-bedroom unit. It worked out great. So you can
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FHA Loans on Du-, Tri- & Fourplexes

Is it possible to get an FHA loan on a duplex, triplex, or fourplex? Answer: I was recently discussing that topic with my favorite lender, Robert Geiler of Rancho Financial. Here are the relevant bullet points of our conversation: – All FHA loans are for owner-occupants – The typical FHA loan is 3.5% down –
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Where You Should Buy Multi-Unit Properties

“I see you handle a lot of multi-unit properties like duplexes and triplexes. Where do you suggest buying?” Answer: I’ve actually covered this in past seminars of mine. Where you should buy depends on why you’re buying. If you’re buying to live in one and rent out the other(s) or plan to manage the property
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