Opportunity Type: New Construction Rental, Local
High quality townhomes in the most upmarket part of Oceanside. Close to Oceanside technology park and best schools in oceanside.Carriage house design is spacious and stunning.
Cottages at St Cloud
Cottages at St Cloud, Oceanside
Opportunity Type: New Construction Rental, Local
High quality townhomes in the most upmarket part of Oceanside. Close to Oceanside technology park and best schools in oceanside.Carriage house design is spacious and stunning.
Opportunity Type: New Construction Rental, Local
High quality townhomes in the most upmarket part of Oceanside. Close to Oceanside technology park and best schools in oceanside.Carriage house design is spacious and stunning.
Vista Grande
What a creation!
It started with me going on my weekly Couser Canyon ride. I bumped into That Hutton at the bottom of his driveway as I departed for my ride. He told me to drop by for a glass off wine on the way back, which I did.
Three hours and two bottles of red later, we had solved the worlds problems and started to talk about the Vista Grande piece of land. I said it would be my dream to build amazing white contemporary houses on the hill and we started drunkenly brainstorming the possibilities of that.
Turns out Thad has been doing a lot more thinking about this than I expected, and was totally into my entire Mallorca Modern concept. We talked about the house values in our neighbourhood including the sale of 1.3 million and the new listing also for 1.3 million, how big the houses would need to be make economic sense.
His focus is on the ECO nature of the houses, with solar cells, battery options, passive solar heating and cooling, and orientation towards the amazing views.
Thad has very rich friends, the sort of people that could buy that piece of land and bankroll the entire build process without breaking a sweat. His big current client bought a 10 million dollar house in order to bull doze it and build a 20 million dollar house.... And that doesn't include his private polo estate in Montecito...
The next day Thad called his investor, the real estate agent and his friend John on the city council.
I would be the overall project manager, Thad would handle land sales and investor relations, and John would help get the city council approvals process through smoothly. We'd all get to choose the prime lots and the model homes could even become our personal properties.
The end result would be 24 3500 - 4500 ft ECO homes built in the Mallorca Modern style, valued at 1.1 - 1.5 million in about five years. The total revenue from the home sales would be about 30 million.
Turns out Thad has been doing a lot more thinking about this than I expected, and was totally into my entire Mallorca Modern concept. We talked about the house values in our neighbourhood including the sale of 1.3 million and the new listing also for 1.3 million, how big the houses would need to be make economic sense.
His focus is on the ECO nature of the houses, with solar cells, battery options, passive solar heating and cooling, and orientation towards the amazing views.
Thad has very rich friends, the sort of people that could buy that piece of land and bankroll the entire build process without breaking a sweat. His big current client bought a 10 million dollar house in order to bull doze it and build a 20 million dollar house.... And that doesn't include his private polo estate in Montecito...
The next day Thad called his investor, the real estate agent and his friend John on the city council.
I would be the overall project manager, Thad would handle land sales and investor relations, and John would help get the city council approvals process through smoothly. We'd all get to choose the prime lots and the model homes could even become our personal properties.
The end result would be 24 3500 - 4500 ft ECO homes built in the Mallorca Modern style, valued at 1.1 - 1.5 million in about five years. The total revenue from the home sales would be about 30 million.
Property Upleveling Discussion
Since coming back from Florida something shifted in my consciousness regarding the next step in our home.
What feels right:
House platform is about 1 acre and rest of property is steep natural chaparral.
Options
1. Build your dream home
2. Use Warmlands Ave equity to sell and rebuy a larger home that needs upgrades
3. Use $100 - $150k of Eden2 proceeds to raise how much we can buy to approx. $900,000
Option 1: Building Dream Home
Option 2: Sell and Buy
Option 3: Use proceeds from Eden 2
What feels right:
- 3500 sq ft executive level home in Vista
- $900,000 price range
2359 Elevardo $899,000 3331sq ft, 4 bed, 4 bath, 3 acres
Amazing site looking down into Cal la Vie. 5 minute windy drive up from Warmlands Ave. House is immaculate but bathrooms, kitchen and flooring are very dated. Spectacular entry. Potential for infinity pool overlooking Cal-la-Vie could be simply stunning. Would need $50,000 in updates plus pool. Landscaping is uninspiring and lots of potential for upgrades.House platform is about 1 acre and rest of property is steep natural chaparral.
2409 Anderson Lane, Vista, 3478 sq ft, 4bed, 4.5 bath, landscaped back yard,
Single level executive home on flat terraced site. Extensive back yard with pegola and multiple sitting areas. Huge living and separate open plan dining and family. House orientation is poor for the site and entry . All bathrooms have own bath, but bathroom wing was a rabbit warren.Options
1. Build your dream home
2. Use Warmlands Ave equity to sell and rebuy a larger home that needs upgrades
3. Use $100 - $150k of Eden2 proceeds to raise how much we can buy to approx. $900,000
Property Upleveling Scenarios
Option 1: Building Dream Home
- Building my own home could be a practice run for my design ideas for Mallorca Modern.
-
How much would it cost to build a 4,000 ft home in Vista?
$250,000 for the lot
$600,000 to build
$100,000 for pool and landscaping
Option 2: Sell and Buy
- Primary goal is to sell and buy a house that is larger so has more potential for capital appreciation
- Capital appreciation on Warmlands Ave at 7% = $4350 per month
- Capital appreciation on $900K home at 7% = $5240
Option 3: Use proceeds from Eden 2
- $350,000 equity from Warmlands Ave
- $150,000 from Eden 2
- $400,000 mortgage
Property Upleveling Scenarios
Scenario 1 - Accelerated Home Equity Growth
Step 1: Upgrade Warmlands Ave- New Master Bath
- New floor downstairs throughout
- Refinish kitchen cabinets
- New Exterior paint
- Replacement windows
Step 2: Sell Eden2
Sale price $625,000 NZD
Proceeds after expenses $275,000 USD
Step 3: Sell Warmlands Ave
- Sell for $850,000
Step 4: Purchase next level local property (example 2359 Elevado)
$900,000 purchase price
$350,000 cash from Warmlands Sale
$155,000 from Eden 2
$400,000 mortgage
Keep mortgage payments similar to now
$475,000 equity
Appreciation on a $900,000 home is approx $63,000 per year
Use remaining funds to upgrade new home to maximise appreciation
Million dollar home in 2 years rather than 5 years for Warmlands Ave
Mortgage tax deduction approx $7,000
Business use of the home approx $1500
$225,000 remaining in bank for investment or stock trading
Scenario 2 - Investment Only
Step 1: Sell Eden 2Proceeds $250,000
Step 2: Buy Florida Resort Home at Encore
Close to Disney, golf, water park
$600,000 budget fully furnished
$150,000 deposit
$450,000 mortgage
$500 per night rental
$3,500 per week
$180,000 per year
Occupancy 50% (seasonal)
$90,000 income per year
$5,000 per month free cash flow
Savings, mortgage paydown, reinvest, renovate Warmlands
Buy Arroyo Vista Condo in Murrieta
Commuter friendly affordable rental
$360,000 budget fully furnished
$90,000 deposit
$270,000 mortgage
$2000 a month rental with fixed lease
$24,000 per year
Occupancy 95%
Scenario Three - Uplevel using Investment Cashflow
Step 1: Sell Eden 2Proceeds $250,000
Step 2: Buy Florida Resort Home at Encore
Close to Disney, golf, water park
$600,000 budget fully furnished
$150,000 deposit
$450,000 mortgage
$500 per night rental
$3,500 per week
$180,000 per year
Occupancy 50% (seasonal)
$90,000 income per year
Step 3: Renovate Warmlands to maximize sale price
Direct investment cashflow into renovations
Step 4: Purchase next level local property (example 2359 Elevado)
$900,000 purchase price
$350,000 cash from Warmlands Sale
$50,000 remainder of cash from Eden 2 sale after Warmlands renovations
$450,000 mortgage
$450,000 equityUse cashflow from resort rental for higher mortgage payments
Use cashflow from resort rental for renovations and updates to increase value
Timeframe = 5 years
Scenario Four - Mallorca Modern Development
Step 1: Sell Eden 2Proceeds $250,000
Step 2: Buy Florida Resort Home at Encore
Close to Disney, golf, water park
$600,000 budget fully furnished
$150,000 deposit
$450,000 mortgage
$500 per night rental
$3,500 per week
$180,000 per year
Occupancy 50% (seasonal)
$90,000 income per year
Step 5:Build Mallorca Modern Home in Vista or Bonsall
Financial Progress Milestone - 401K Growth exceed income
In January my 401K and retirement growth exceeded my income for the first time ever!
Gains in 401k, IRA and MAP growth together totaled $8,723.
This was due to annual MAP matching, and gains from a sharp increase in the market. I sold 100% of my portfolio during the month of January as RSI figures were above 90 across the board, and every sale was profitable.
Just days later the market dropped over 10% in 5 trading days. If I had had not sold I would have ended up negative for the month, instead of exceeding my day job income.
Why was this important an important milestone?
This shows that it is possible to live in retirement from my 401K savings using active market timing to maximize efficiency of growth by actively avoiding market pullbacks, but also that it is possible to generate enough income from gains to live from.Converting from a growth model to income model
If I increase my 401K through trading to $500,000, it should be more than possible in most months to withdraw $6,000 after tax per month of trading gains, without reducing the principal.
For example: At a balance of $500,000, following my current strategy of investing 10% of my capital per trade, my trades would be $50,000 each. This means a 1% trade is $500, 2% $1000 etc.
Many of my mutual fund swing trades yield 3% - 5% gains in between 30 - 60 days.
Closing 1 trade at 5% per month = $2,500
Closing 2 trades at 5% per month = $5,000
Closing 3 trades at 5% per month = $7,500
The beauty of my trading model is that it minimizes risk by minimizing market exposure by keeping trading duration short. It achieves growth by ratcheting up my overall balance with small profits on position sales, rather than relying on overall market gain.
It demands some discipline to take relatively small gains often. The philosophy is that it is better to be out of the market with a 5% gain, than holding a fund that gains five percent then drops again.
Trading Ideas
Insider Buy Superstocks: The Super Laws of How I Turned $46K into $6.8 Million (14,972%) in 28 Months
https://hackernoon.com/how-to-crush-the-crypto-market-quit-your-job-move-to-paradise-and-do-whatever-you-want-the-rest-27a4a3cc2bb1
https://hackernoon.com/how-to-crush-the-crypto-market-quit-your-job-move-to-paradise-and-do-whatever-you-want-the-rest-27a4a3cc2bb1
Financial Planning 2018
Retirements Funds
401K
- 31 December 2018 - $200,000 - BEHIND SCHEDULE
- New 401k fund investments 10% of total fund balance
- Increases per trade increase
- Increase number of active investments
- Provides adequate diversification
IRA
- 31 December 2018 - $25,000 - BEHIND SCHEDULE
MAP
- 31 December 2018 - $20,000 - ON TRACK
Checking Account
$20,000 end of year balance - ON TRACK assuming Eden2 is sold
Net worth
Target $1,000.000 - ON TRACK
Target $170,000 Increase
Target increase of $14,000 per month
Personal Projects
- New mountain bike $3000 - ON HOLD until Eden2 sold
- New paraglider $4000 - ON HOLD until Eden2 sold
- Chelan $1500 - Cancelled
- Manila or Monarco Open $1500 - ON HOLD until Eden2 sold
Total for personal projects $10000
House Projects
- Hero Payments start $3000
- Power sprayer for home painting jobs - doors, laundry
- Office $500 (flooring and new paint for walls)
- Master bath $5000 - ON HOLD until Eden2 sold
- Master Bath toilet - $600 COMPLETED
Total for House projects $10000
Sylvia
-Payoff existing loan by March 1 - $5827 BEHIND SCHEDULE
No new loans required in 2018
Eden2
- Refinance completed Jan 15 - COMPLETED
- Renovations completed June 15 - BEHIND SCHEDULE
- Sold by July 31
No Family German Summer Trip unless Sylvia funds the entire trip.
401K
- 31 December 2018 - $200,000 - BEHIND SCHEDULE
- New 401k fund investments 10% of total fund balance
- Increases per trade increase
- Increase number of active investments
- Provides adequate diversification
IRA
- 31 December 2018 - $25,000 - BEHIND SCHEDULE
MAP
- 31 December 2018 - $20,000 - ON TRACK
Checking Account
$20,000 end of year balance - ON TRACK assuming Eden2 is sold
Net worth
Target $1,000.000 - ON TRACK
Target $170,000 Increase
Target increase of $14,000 per month
Personal Projects
- New mountain bike $3000 - ON HOLD until Eden2 sold
- New paraglider $4000 - ON HOLD until Eden2 sold
- Chelan $1500 - Cancelled
- Manila or Monarco Open $1500 - ON HOLD until Eden2 sold
Total for personal projects $10000
- Hero Payments start $3000
- Power sprayer for home painting jobs - doors, laundry
- Office $500 (flooring and new paint for walls)
- Master bath $5000 - ON HOLD until Eden2 sold
- Master Bath toilet - $600 COMPLETED
Total for House projects $10000
Sylvia
-Payoff existing loan by March 1 - $5827 BEHIND SCHEDULE
No new loans required in 2018
Eden2
- Refinance completed Jan 15 - COMPLETED
- Renovations completed June 15 - BEHIND SCHEDULE
- Sold by July 31
No Family German Summer Trip unless Sylvia funds the entire trip.
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