All Forum Posts by: Ajaya A.
Ajaya A. has started 4 posts and replied 9 times.
Post: What would you do with 1 Mil Cash? Multifamily?
- Oakland, CA
- Posts 9
- Votes 3
Originally posted by @Michael Bishop:
Diversify by location and asset class by investing smaller amounts in a large number of commercial deals with reputable Sponsors who have the track record, time and expertise that you seem to think you lack.
Michael
What's a good resource to find source. I have done some RealtyMogul stuff but the returns are abysmal.
Thanks
Post: What would you do with 1 Mil Cash? Multifamily?
- Oakland, CA
- Posts 9
- Votes 3
Folks
What would one do with 1Mil or 1.5Mil Cash? Stock market is flat this year. I have a 4 unit multi family and understand Berkeley/Oakland Market. I don't mind moving to a large Unit size property. But this is an open question? Would you put down 30/40% on a Commercial Mortgage on a larger Unit?
I am so confused going from 4 Unit to Larger Multi Famiily with commercial mortgage.
Thx
Post: Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
Thanks all.
Post: [XPOST] Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
Originally posted by @Jared Rine:
@Ajaya A...Unless you're just buying to basically break even and write offs/depreciation/etc., no, this is not a good buy. A cap of 5% is not really upside - the property is performing at pretty much best capacity. With a 4% COC, that's so small return on your money.
What purchase price are we talking here?
What's your goal as an investor?
If you have monies to consider this type of purchase, we should talk. You definitely should be exploring other opportunities.
Hopefully that's not too brash.
Thanks,
Thank you. Will do.
Post: Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
Originally posted by @Abdul Shishi:
I would say don't buy just because you don't even give the most basic info to base a decision on.
Just did. Will that help?
Post: Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
1.75Mil + 50k for upgrade = 1.8Mil
7 Units
Total Rents about 12K. Proforma: 14K.
100 yr old house and age shows on the property. Not much upgrade at all over the last 100 yrs except one.
Will this help?
Post: [XPOST] Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
In Oakland by Lake Merit(1 mile), would you do this?
MultiUnit
LTV: 55%
CAP: 5.0
COC: 4%
The huge downpayment is scaring me. Rent controlled property and most of the units are at or near 15% of market. So rental upside is not super huge.
Please be gentle. Light on investment knowledge here.
AJ
Post: Help me evaluate this deal. CAP 5.0
- Oakland, CA
- Posts 9
- Votes 3
Folks
In Oakland by Lake Merit(1 mile), would you do this?
MultiUnit
LTV: 55%
CAP: 5.0
COC: 4%
The huge downpayment is scaring me. Rent controlled property and most of the units are at or near 15% of market. So rental upside is not super huge.
Please be gentle. Light on investment knowledge here.
AJ
Post: Looking for ideas for long term. Sell all and consolidate?
- Oakland, CA
- Posts 9
- Votes 3
Folks
I got a situation. I own a 4plex, a town house (both rentals) and a SFH(personal). I have been planning to move out of the country for 5-10yrs and looking to find a god strategy.
I have been thinking about buying a 50-100 unit property and have a professional manage it. I could probably sell all I have now and raise good amount of money to do it. Also have about 1Mil in reserve to pay down.
My goal is to have a have a good rental income. What you guys advise? Too much in one pot? Too risky to manage while not in US?
Be gentle. Newbie to this forum.
A