All Forum Posts by: Ali Sardar

@Marisa R.

Are you talking about auctioned properties that require a lot of fixing or are these properties that can be put on rent right away ?

What zip codes would you suggest?

Any property management companies you can suggest?

@Diogo Alves

How do I set up keyword alerts?

I own a townhome in the Bay Area. I had refinanced 3 years ago and gotten a great rate at 3.65% for 30 yr fixed term. With rates falling, I’m looking at options to refinance again at perhaps something even lower. Should I be looking at a 15 yr term or opt for a 30 yr fixed

What rates should I expect?

Hi,

I’ve been hearing a lot about a boom in real estate market in LV and Reno. Does anyone have any insight into what’s going on there? I’m looking to buy properties within 150-200K range and rent them out for positive cash flow. Would that be possible? Are rents rising there? What about yearly appreciation?

Any advice would be appreciated

@Sunil Shah

Interesting post. Just for my understanding, what’s the 1% rule?

Hi guys,

I’m looking to get started with my first investment property. The goal is to most probably finance something by putting 20 % down that is relatively hassle free and start generating cash flow. Been looking at a few area and Fort Lauderdale popped up on the radar. I am looking for advice on whether it’s possible to own something under $200k ( 3 bd 2 bth possibly) and have it be cashflow positive after all expenses including property taxes and property management

What can I get in Fort Lauderdale for that price?

What are the rents like there?

Long term growth trajectory for the area? I hear it’s developing fast

Thanks

Hi guys,

Thanks for the great responses.  Really appreciate the expert input.  I guess I need to be a bit more specific in my asks, so here it is.  Im looking to get a couple of investment properties in the surrounding areas of Phoenix Metro, meaning Glendale, Chandler, Tempe, Gilbert.  I have also been looking at places like Peoria and Surprise, but just don't know enough about the growth projections there to be able to pull the trigger (hopefully one of you guys can help in that).. Now for the specifics:

Property type: single family 3B 2bth, roughly 1400-1800 sqft. OR a same size townhome (although townhomes have HOA which I hate....)
Price range: $150 - 225K

I will most likely finance these properties with minimum 10% down.

The challenge is to find something that can be rented right away and starts to generate $200-$300 in net cashflow after any property management fee thats required.  My research shows that appreciation is slated to be somewhere in the ballpark of 4.6% on avg. (Is that true for all these places or are certain areas growing more), but I'd love to learn a bit more about what would be the right areas to focus on given my constraints, to develop a long term performing asset.

What I would want to know is growth projections, rent/sqft in these cities, zip codes that are associated with good schools (Gilbert is pretty well known).

The base case that I've been building looks like this:

$200K for a 3bd 2 bth Single family home, 1600 sqft.
Assuming rent/sqft of say 0.9 -> $1440/month

Is it possible to net $200-$300 on that?

hi guys.  I’m new here on biggerpockets and looking to get started in real estate investing.  I live in the Bay Area CA and as such really have no solid buy and hold opportunities that could be cash flow positive.  So I have been researching areas like Houston and Phoenix and Grand Rapids.  From the research I’ve done, Phoenix area seems to be ranked amongst the hottest real estate market to watch out for for 2019.  I was hoping to learn from someone here about whatever driving growth in Phoenix area, what zipcodes should I be looking at, should I be looking at single family or townhome condo... Also, since this will be long distance I’m also hoping someone would chime in with typical costs associated with property management