All Forum Posts by: Ali Samee

To piggyback on Nick's question, I'm curious on 2 to 4 unit multifamily in Sacramento, what are ALL of the "line items" you all see on the Expense side of the financial statement/pro-forma?

Taxes & Insurance (Hazard) are obvious and easy to figure out but how about...

-Waste/Water/Sewage? imagine owner absorbs this as I've seen people advertise "rent includes waste water sewage"

-Electric - i'm sure it varies by property but generally are these separately metered and tenant pays? If not and it's master metered, do you bill back and how? Does one recoup all if they do bill back and if not, what % should one assume as owner, they'll shoulder?

-Reserves (what assumption do you make here as a % of PGR/PGI)?

-Landscaping?

-Umbrella Policy (insurance in case someone gets hurt on property and tries to sue/to mitigate risk)?

Thanks!

@Chris Vail & @David Oldenburg - thank you very much! look forward to meeting you all at one of the upcoming ones. 

@Jake Weir, @Account Closed - 

Apologies for the delayed response, was driving up to Sac and back to the Bay looking at single family properties today.

Can't thank you all enough for being so kind to all provide such interesting and varied perspectives. I was cautiously optimistic I'd get one response but four in a day! No wonder a friend of mine from Chicago, IL  was highly recommending Bigger Pockets and how the community/people you meet are so helpful. 

Curious, do you all have a RE meetup / local REIA that you all attend in the Sacto area and if so, where/when does that happen?

Thank You!

Ali

@Minka Sha @Account Closed / et. al - 

Hello - curious if anyone has thoughts on the Arden-Manor area? I get the #s have to pencil but i'm asking PURELY from an area perspective, would you buy a rental home (get that some on there are focused on multifam) in this area? i get a mixed sense of Arden-Arcade, some pockets very high end 500k+, some upper middle (300+ like garden of the gods off Arden/Eastern, then some pockets that are on the western side of the Arden area that seem a little rough around the edges. Crime statistics don't look that great. 

www.areavibes.com/arden-arcade-ca/crime/ (doesn't bode well) 

my apologies...

forgot to add that I have a BBA in Finance from UT-Austin, completed an MS in Real Estate from UT-Arlington, and have experience using Excel to underwrite deals.

Hello BiggerPockets,

I'd like to introduce myself to the community. My name is Ali and I'm a native Houstonian who calls the Bay Area (Oakland specifically) home. I currently work as an Account Manager for a very established Commercial RE software company. Prior to getting into software sales in 2010 (downturn), was an Analyst (both Asset Management and Acquisitions) for a large CRE subsidiary to a prominent Ibank and a private investor/developer - both of which are HQ'd out of the DFW area.

The extent to which I have invested in RE is the home I bought in DFW in 09 which has appreciated considerably. Going forward, I'd like to be involved in CRE, specifically own Multfamily as a means to securing my retirement.

Here to learn from professionals who have been there, done that and can offer guidance and motivation. 

Grateful to be amongst some accomplished investors and RE professionals in this community and have enjoyed several podcasts. 

Warm Regards,

Ali