Mike talks about the stimulus during this COVID pandemic.
In California, the max benefit is $450/week but in current stimulus, you are making $1050 if you are in unemployment in California. Mike talks about an article titled “Extra $600 unemployment benefit slated to run until July 31 will disappear nearly a WEEK early”. $600 weekly jobless benefits were included in the CARES Act passed by Congress in March.
Rents nationwide are going down because people are moving back in with their parents. There is a lot of people that is not the case. Another article titled “Southern renters are benefiting most from pandemic pricing”. According to a Zumper analysis published on Thursday, markets in Tennessee, Texas and Louisiana have experienced the largest rent declines since March.
Mike talks about a property in Vallejo, 10 beds 5 baths with 3,590 sqft listed at $875K. Mike also talks about how Airbnb income can be maximized in this current market. The property is at 308 Capital Street #A-D. Another property in Suisun City, 3 beds 2 baths with 1,280 sqft which is currently Off-market. Originally listed at $339K then gone up to $370k which gone into a contract but also fell from it then pulled out the market. Mike talks about the 1% percent rule on this. The property is at 306 Cordelia Street.
Another property in Napa, 3 beds 2 baths with 1,642 sqft that sold $620k. This is a property you can fix up and make some money. The property is at 783 La Homa Drive. Another property in Napa, 3 beds 2 baths with 1,523 sqft listed at $474,900. This is a fix and flip deal with $200k gross margin. The property is at 3083 Beecham Street.
308 Capital Street #A-D Vallejo,CA 94590
306 Cordelia Street Suisun City, CA 94589 783
La Homa Drive Napa, CA 94558 3083
Beecham Street Napa, CA 94558