All Forum Posts by: Alexander Parada

@Hadar Orkibi You are right Hadar it did not make sense. Was just trying to gauge how folks are putting these deals together and cash flowing them. Seens like everyone looking for value ads. Its tough out there looking at all those dead deals on loopnet with so many days on market. I know at times there are still deals to be had here but not for the most part. What cities do you invest in?

@James Wachob Hey james sound like you are kicking but out there. Can you assist in finding a similar type of project ? Or know of a realtor that can assist? Im trying use a 1031. I have five single families in Houston. Now its time step it up with some multi family this year.

Hello Guys, Question for guys looking to invest by end-of year in a multi family building. Lets say it cost two million and has fifteen doors. Lendor wants 25% down. So mortgage is $9,000 what cash flow would be acceptable per door ? 1.Looking for how much you would you accept $ per door 2. What city do you invest in? Im looking at Houston, Memphis, And Phoenix. 3. How long do you want / reccomend holding for? Is there a point of keeping ? Or only to refi and to repeat the process? Any apartment investors out there lets talk!

Hello guys how is going ? I invest in single fam props in Houston however I live in Woodland Hills CA. Looking for multi families in the Inglewood area anyone else investing there? Or recommend any commercial broker? Looking for a existing Apartment that needs rehabbing or In also willing to demo a old house to build new Apartment building. I would prefer Inglewood or any places up and coming with no rent control. Background of my self I own two flooring stores with twelve years of interior construction experience. I own five single family props in Houston currently.

@Andrew Johnson Thanks for the informative reply. Could careless what city as long as the cash on cash makes sense. Yes after looking  at Texas and Florida major cities specially Houston where I own a contruction business you only get so far with 1.5 Million. 

I see you invest in other states what did your deals look like i.e purchase price and current cash flow? Is it possible to invest my $ better in that state your at? 

PS

Longest response I have ever received you are the real MVP! 

Hello Guys, 

Looking to purchase my first multi family I currently own 5 single family and I"m seeking better returns. My budget for a multi family is 1M-1.5 M I'm looking to purchase in Dallas or Florida. 

I keep hearing from podcast Loop net is where deals go to die and after combing through them Im starting to believe that does anyone dabble in Multi Family in Texas or Florida that can suggest a broker to help out with this ? The reason in these states is because of market growth but I know mid-west has higher caps and lower arv's. 

Whats your typical down on a multi One Million Prop ? Which I have ready just wondering what you folks find. 

DO you ask for the last three years rent rolls or would twelve months suffice? 

Thanks in Advance for you answers just a Man here in Los Angeles area trying to take over the world a unit at a time :) 

Reccomend brokers that would be great. 

Hello BP's , I have been buying real estate in Houston for the past 5 years. Looking for a new city to cash flow with putting 20% down towards a prop Houston Taxes are to high right now about 2.52%. What are some cities I can have some good cash flow at? I got 150k to invest with. Give me some of your scenarios you currently have. Thanks for the input in advance and also reply with the # of rental units you have thanks.

Cody L. Seems like a hard to find deal can I pick your brain? I would like to see if I can swing a APT building maybe you can out me in touch with your realtor in Houston let me know whats up. Thanks.

@Jason Hirko they will be paid in full no mortgages . 

Yes have $ on the side and every year it will make $24k a year @David Hines

@Jason Hirko no $3500 a year in taxes prop tax is approx 2.5 % of prop value in Houston market.