All Forum Posts by: Ashley Cao

@Bret Kennedy

I know this is super late. Just saw this. I’ve looked at Stessa and AppFolio.

Have you found one?

@Michael Ablan @Anthony Wick @Nathan Gesner

Thank you everyone for your responses!

Since I am looking to BRRR, I've been using primarily comps to put together a conservative ARV. I've also heard some appraisers take into consideration the NOI and Cap Rate for ARV similar to larger multi-families.

Is this common, or should I base the calculations on the comps?

Has anyone had experience challenging an appraiser's valuation?

Thanks everyone!

@Lane Kawaoka

Thanks for the advice. Definitely not targeting for tax angle. The property just happened to be in an OZ.

I checked the crime map to and it seemed to check out.

My PM who is selective on what areas she would PM also ‘approved’ this area.

What other items would be seen as high risk? Or what other items should I be looking into?

Thank you!

Hello BPers! Newbie here in contract for my first rental property (duplex with both sides occupied). Thanks to this great community for getting me here!

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Couple questions regarding contract phase:

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1. Seller does not have much info on rent financials. Should I be concerned? What can I do to avoid issues if I close on this property?

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2. I am going to do delayed financing - if there are not a lot of comps for similar duplexes in the area, how will the lender’s appraiser determine value ?

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3. We are going to submit remedy requests based on the inspection. We indicated we will buy as-is except for major repairs over $500 as discovered by the inspection. Do I need to put together valuations of these major repairs?

Thanks for your thoughts!

@Jay Hinrichs

Don’t forget the ATV as an add-on because... why not :)

@David Ripplinger

Awesome ! I just did similar in the columbus area !

What class properties are you looking to get into ?

Hey Bowen!

Yes, @Bobby Sharma holds some solid meetups all over the Bay - South Bay included. Search "Bay Area Multifamily Moguls" on Meetup.com

@Natalie Kolodij

@Ray A Delfi

@Lane Kawaoka

@Ellie Adams

Thank you for your input. I have heard about using Qualified Opportunity Funds to invest in to OZ for tax benefits. My understanding is that QOFs comprise of capital gains, as you had mentioned, @Natalie Kolodij.

Do any of you know if it's possible to use another investor's QOF to fund my deal instead of using a traditional lender?

@Ray A Delfi

Thank you!

If I am purchasing a property in an opportunity zone, should I be doing anything different, or will this only matter when I sell?