Kyle Thorsen

Real Estate Consultant | Classic Property Group | SoCal
eXp Realty DRE# 01839613

[Kyle Thorsen @ClassicPropGrp]

It was an incredible opportunity to market this home.

[Kyle Thorsen @ClassicPropGrp]

@rohindhar This is dangerous they are just creating a $3,500 incentive not to pull a permit.

[Kyle Thorsen @ClassicPropGrp]

@VladTheInflator Or people are 60% underpaid when replacement cost is a thing.

[Kyle Thorsen @ClassicPropGrp]

@middle_class_us It can get worse look at Canada

[Kyle Thorsen @ClassicPropGrp]

👀I’m watching Broker stocks 📈 $HOUS $EXPI

[Kyle Thorsen @ClassicPropGrp]

Covid lumber prices were insane.

[Kyle Thorsen @ClassicPropGrp]

@mortgagereels Amy discovers how compound intretst works

[Kyle Thorsen @ClassicPropGrp]

@_FlipMan Theres definitely a trench. I had my guys dig it, the plumbers ran the line hooked it up for 4k, the area is so big because the ADU hooks up right there too so we were working on that as well.

[Kyle Thorsen @ClassicPropGrp]

@_FlipMan Did one today, worked fine.

[Kyle Thorsen @ClassicPropGrp]

@jamesonhaslam Try Nextdoor

[Kyle Thorsen @ClassicPropGrp]

@GrahamStephan @NewsLambert Dude same, I had dreams of developing owner occupied units for people my age to maybe own homes in the town I grew up in and at decent prices. Maybe I’ll do it if I get to a point where I have time for charity but it’s def not worth the headache.

[Kyle Thorsen @ClassicPropGrp]

@Edmagtherealtor Rough market out here.

[Kyle Thorsen @ClassicPropGrp]

LA housing policy is like a controlled demolition project. Put your capital to work anywhere else.

[Mike Netter @nettermike]

Los Angeles County will soon give tenants the option to skip out on paying two months of rent until their landlords can begin eviction proceedings.
Be aware of the insanity
The BOS have lost their frogging minds

[Kyle Thorsen @ClassicPropGrp]

ISO a structural engineer that can design for a gym interior.

[Kyle Thorsen @ClassicPropGrp]

@LA_Multi_Fam Maybe there is a hole in the floor?

[Kyle Thorsen @ClassicPropGrp]

@JMGregorchuk Essentially the juice isn’t worth the squeeze. My borrowing rate is too high (no track record), city is too difficult, I risk lawsuits. Basicly it’s not a newbie game too many land mines.

[Kyle Thorsen @ClassicPropGrp]

Talked to a friend who owns a construction company that contracts with Amgen. Told him about my multifamily projects, his advice was to push them to approval then sell them. This has been pretty much every pros advice. Why?

[Kyle Thorsen @ClassicPropGrp]

@g_leichtfuss Close, Thousand Oaks (Ventura County)

[Kyle Thorsen @ClassicPropGrp]

@jonbrooks They did the math and don’t plan on moving. They are deducting mortgage interest from taxable income and by year 5 they are gaining ~30% equity per payment and year 10 about ~40% goes to equity per payment.

[Kyle Thorsen @ClassicPropGrp]

@jonbrooks This chart just shows me incomes are going down over time.

[Kyle Thorsen @ClassicPropGrp]

Found it for $169 a slab. Cheaper than before.

[Kyle Thorsen @ClassicPropGrp]

Looking for prefab quartz/granite in Thousand Oaks. Anyone have an installer/place to get it? My guys in Oxnard no longer doing it.