All Forum Posts by: Aaron K.

I'm assuming when you say $10k cash flow and $20k cash flow you are referring to annual numbers.  In most of the markets you mentioned I would say that $20k cash flow on a $500k property for only 20% down would be difficult to come by.  Have you been living on only $30k worth of your salary in the past year or two?  If so where would you get the "additional capital" you plan to deploy if you are spending everything you make?

If you are just buying in your personal name keep it in your bank account until you enter escrow, but if this is something you plan to do often an LLC might be a good idea.

You need to be specific if you want specific advice on execution.  What are you trying to do?  Become an agent? Buy and  hold? flip? wholesale? something else?

Irrelevant metric in my opinion, what matters is the return immediate and return over the long term, whether your neighbors own or rent is largely irrelevant to what you should do with your property.

@Tanner Grindel unless you have a roofer you trust can do it for less than you would ask for off the price then let the current owner do it.  Why take on the risk when someone is offering to do it for you.

Let's go back to 1st principles. Why do you want the data?  What do you want to do with it?  If you are using it to actually estimate value this probably isn't the best solution to actually base decisions on.  If these homes are listed you can just filter them on Redfin and in many markets download the csv from them.

I'd do a house hack and rent out the rooms, that gives you the benefit of house hacking while securing an SFR which is slightly more likely to see appreciation than multifamily, and gives you the ability to change your mind about roommates down the line if you so choose. If you were going to do a pure rental and continue to rent the room, I'd probably look out of state, but wouldn't completely discourage you from looking locally either.

@Cesar Ruiz Riverside city is very much pockets of different types of houses it is not like some cities where you can generalize "east side good, west side bad"  In general though I prefer newer builds to the older ones or the more awkward 3bed 1 bath style.

@Cesar Ruiz what do you want to know about Riverside?

ADU is not really going to add much if any value to the house, I'd probably rent out the current house and then go buy something else.