4070 Hope Ave 3/2 1520 sq ft - 11,250 sqft = $2600 Rental

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4070 Hope Ave 3/2 1520 sq ft - 11,250 sqft = $2600 Rental by Mind Map: 4070 Hope Ave 3/2 1520 sq ft - 11,250 sqft = $2600 Rental

1. $20K Update Kitchen & baths

1.1. $2,000 Electrical

1.2. $6,500 Bathroom

1.2.1. Sewer Line

1.2.2. Water Lines

1.2.3. Redo house plumbing

1.3. $440 floor 55 sqft x $8 sqft installed

1.4. $500 Paint

2. Agent Acquisition Process

2.1. Evaluation - Realeflow

2.2. Buy Through Agent

2.2.1. 5/1 Evaluate Property

2.2.1.1. $334 sqft Comps Sold

2.2.1.1.1. $296 sqft - 2144 Bundros Sold $644K 2344 sqft

2.2.1.1.2. $348 sqft - 1158 Panoramic Dr, SOLD: $879K 4/3 • 2,519 sqft Sold on 3/18/16

2.2.1.1.3. $385 sqft - 231 Augustine Dr, SOLD: $751K 4/2 1,946 sqft Sold on 3/17/16

2.2.1.1.4. $304 sqft - 427 Blue Ridge Dr SOLD: $820K 5/4 2,693 sqft Sold on 3/3/16

2.2.1.1.5. $320 sqft - 1515 Kittie Ln SOLD: $665K 3/3 2,075 sqft Sold on 3/1/16

2.2.1.1.6. $351 sqft - 258 Augustine Dr SOLD: $750K 4 bds • 2.5 ba • 2,133 sqft Sold on 2/25/16

2.2.1.1.7. Martinez Comps - LARGE LOTS

2.2.2. 5/2 Determine Offer

2.2.3. 5/2 Make Offer

2.2.4. 5/4 Make Counter Offer

2.2.4.1. 5/4 - $485K Counter + $1K Rent/4 mo.

2.2.5. 5. Complete Purchase

3. Martinez Team

3.1. Property Managers

3.1.1. Professional Property Management

3.1.2. Pleasant Hill Prop Mgmt

3.1.3. Stockley Properties

3.2. Soil/Site Engineer

3.2.1. $2,400 Soil for Foundation Geo Engineering - Kamran 925.321.5550

3.3. Foundation Contractor

3.4. Real Estate Team

3.4.1. Muir West Realty - Cha Cha 925.787.4951

3.4.2. Karen Nierhake Cell: 925.381.9227

3.5. Project Manager

3.5.1. Project Mgmt. RealeFlow

3.6. Investors

3.7. Subcontractors

3.8. Title Company

3.9. Real Estate Attny

3.10. Insurance

3.11. Mentor Deal Review

3.12. Mortgage Broker

3.13. Hard Money Lender

4. 2nd Unit - Statewide Modular

4.1. $205,000 Projected Budget - 640 sqft + 600 sq. ft. Garage

4.1.1. $76,800 640 sq.ft. x $120 sq. ft. Modular Unit

4.1.2. $3,000 Modular Design Engineering - Lincoln & Long

4.1.3. $38,552 Concord 2nd Unit Permits & Fees

4.1.4. $13,000 600 sq.ft. Cal Pre Cut Homes 3 Car Garage

4.1.5. $2,500 PG&E Gas and Electric Hookup

4.1.6. $30K Foundation and utility installations

4.1.7. $6,000 Project Management

4.1.8. $2,000 10' x 10' Deck

4.1.9. $3,400 Site Survey - Apex 476-8499

4.1.10. $25,000 Convert 600 sq. ft Garage

4.1.10.1. $1980 Sheetrock Walls = 3 rooms

4.1.10.2. $1800 Texture Walls

4.1.10.3. $1,000 Windows Installed $165 35" x 60" x  4

4.1.10.4. $780 6' Sliding Glass Door Installed

4.1.10.5. $685 Shower Installation

4.1.10.6. $2024 Interior Painting

4.1.10.7. $4,200 Hardwood Flooring

4.1.10.8. $2030 Wall, Ceiling & Floor Insulation

4.1.10.9. $1840 Doors and base boards

4.1.10.10. $2300 Expansion of Ductwork

4.1.10.11. $6,600 Subfloor

4.1.11. $5,000 150' x 10' + 30' x 30' Gravel driveway and turnaround

5. Direct Acquisition

5.1. 1. Evaluate Property

5.1.1. Contractor

5.2. 2. Determine Offer

5.2.1. Review w/Mentors

5.3. 3. Qualify W/Investors

5.3.1. Hard Money

5.3.2. Private Investor

5.4. 4. Make Offer

5.4.1. Attny Review

5.5. 5. Hand off To Title Team

5.5.1. Title Team

6. Martinez Profile

6.1. FEMA Flood Map

6.2. Zoning

6.3. Building Fee Schedule

6.4. Comps - Houses for Rent

6.5. Martinez Rentals

7. Investors