Recent content by Joe33_IHB

  1. Joe33_IHB

    Greenbrier by MBK Homes in Yorba Linda

    I think MBK is backed/owned bt Matsui out of Japan. They built at least 2 or 3 projects in Ladera Ranch.
  2. Joe33_IHB

    Bad to the Bone BBQ

    I love it. It is great for parties, etc....but probably a little expensive. I would stick to the San Juan location, the San Clemente location is a little sterile. It is certainly not a fancy place but the food is pretty legit.
  3. Joe33_IHB

    Ladera Ranch

  4. Joe33_IHB

    How can I find out real sqft

    10 different appraisers measuring the same house will come up with 10 different square footage numbers. This isn't an indictment of appraisers, just the reality of what happens when you try to measure square footage by hand.
  5. Joe33_IHB

    Explosion of Commercial RE signs in the Spectrum area

    A decent rule of thumb cap rate to use for something like this right now would be about 8%. $150 per foot sounds low to me. If you use an 8% cap rate and assume the rents are all NNN (no expenses go through to the landlord, all paid by tenants), you would need a rent of $1 per foot per...
  6. Joe33_IHB

    Explosion of Commercial RE signs in the Spectrum area

    I work in large multi-family investment area and I would say that prices have started to tick back up in the last 60 days. I don't know if that is applicable at all to industrial condos, but it is definitely happening. When people say that commercial RE is about to blow up and has years...
  7. Joe33_IHB

    Discovered a slab leak, would you still buy?

    As a couple of others have said, slab leaks are a reality and pretty much inevitable. If you want to buy older properties (20 years or older) I would not be shocked to see a slab leak at any of them. I wouldn't expect it, but it wouldn't shock me. I don't think it is an issue that should...
  8. Joe33_IHB

    From IHO to ex-IHO and back: The Pros and Cons of Renting vs. Owning in Irvine

    Why not buy something like a 4-plex for rental instead. Obviously that means 4 times as many tenants, but 4-plexes will sell based on being cash flow positive. You'll have to put 25% down, but you can probably buy an OC 4-plex for $500K or $600K and get about a 5% cash return on your down...
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