All Forum Posts by: Alex Daniel

@Aaron K. I agree. That would be like OH or Ky. I may try to find an sfr with an ADU to put this into. then move in in a couple years to get the tax benefit when I sell it.

Hey Aaron, you are absolutely right. I've been teaching my assistant to help with some new things. It is 3.8% CAP RATE. 4.9 cap rate pro forma as the rents are low. Rents could be $2400 for the 2 3 bedrooms and 1395-1495 for the 1 bd.

@Aaron K.undefined

I am selling my Duplex/triplex in Garden Grove. The cap rate is 6.5. this seems pretty good for Ca. What do you think? I am just wanting to get some feedback on what everyone thinks...?

https://www.biggerpockets.com/real-estate-listings/ca-tri-plex-65-cap-rate-74-cap-rate-pro-forma

@Brandon Sturgill hey Brandon, I think it was actually 10 units. He bought it for 324kish. It needed occupancy work and some repairs but he makes 2-3k/ month now after expenses.

@Larry F. I’m open to either. My buddy bought 5 units in Dayton. It’s been cashflowing pretty well.

I wanted to read about people’s success across the country but didn’t come across anything that was dedicated to this. I’m in Los Angeles which is still very hot right now. I do moetgages and I had a client that bought a property for 800k and two weeks later a developer offered him 1 mill. Orange County on the other hand has gotten a little quieter in that last couple months. Properties are sitting a bit longer. Where as before, they were getting multiple offers the first week or two. I have a couple multi units in southern Ca and the apretiation has been great! I also own a sfr in Murfreesboro Tn. It has also done well. I have a client that does a lot in Ohio and I get properties sent to me from there too. Sounds like it has great cash flow in Oh. I am starting to get into commercial. 50-100 units. This is my next goal. Seems like if you get the right one, its great cashflow and less hand on management I wanted to see where others are having success. What markets are you seeing that are up and coming opportunities? I hear Atlanta is hot right now. I have a friend that invests in Michigan. He likes it there. What areas/opportunities do you like?

Let me know if you find anything. I got quoted 10% from one place and one months rent every time it got rented out.

On my calendar Jeb Brilliant I will try to make it.

Los Anglels Ca Is getting a little expensive and competitive. I bought in Tn last year and am looking at Ohio right now for some units. Any ideas of some good markets for buy and hold or buy and fix or flip?

Larry Fried hey Larry. Maybe a bit of both. I want to hold it for rents but wouldn’t mind something I could add some value to as well. My buddy just bought 10 units in Dayton for 340k. Mortgage and property management is just under 3000 and it brings in about 5000 a month for rents. My partner flew out to an auction in Oxford a couple weeks ago, we were looking at a couple 6 units out there. So just looking for something that makes sense. It’s a little harder to get that cashflow out here in Ca.