All Forum Posts by: Amir Khan

I am in the early stages of developing a program to help people looking for raising private capital. This is incredibly important work and in order to create the most impactful and transformational program possible, I am looking to interview people who fit this description and learn more about their challenges, frustrations, dreams and goals. 

This is purely for research purposes to be able to create something truly impactful (I am not promoting or selling anything). If you are interested in helping me, please DM me and I'll send you a link for 30-minutes Zoom interview. Thanks!

@Jared Billman first of all I am sorry that you are dealing with such a situation. Henry Clark is absolutely right, keep it legal, professional and provide a 30-days notice to vacate (preferably via certified mail). If you are not sure regarding notice wording, consult an attorney. But you should be able to find a 30-days notice to vacant for your state online. You are not required to give any reason.

Hi Bob, while I am not a turnkey investor, I've marketed turnkey properties to investors. Whether turnkey solution is right for you or not would depend on what your goals are from a turnkey investment? Perhaps you can clarify your goals to help everyone else also chime in..

Quote from @Justin Brickman:

One of my client's asked me if I had to choose a portfolio between one 15-unit apartment or five single family homes, which would I choose? If all numbers were equal (purchase price, repairs, cash flow, expenses, etc). I know my answer, but I thought it was a good exercise to see how some of you would answer in today's market.

Like V.G Jason says above, there is a lot of information missing that could help answer this properly. But considering this is all cash AND assuming that your client can qualify for a commercial mortgage (there are very different requirements and lenders want to see past experience managing similar size portfolio), then these are my thoughts:

- If both 15-unit apartment and 5 x SFH homes cost the same, this may mean very different things in terms of valuation. Assuming both are selling for $1 million, then this means you have to assess whether the 15-unit apartment is truly valued at this based on cap rate and NOI. But your SFH portfolio valuation may be a combination of NOI and/or comps. So you have to figure out which is a better value. In addition, where they are located will also play into future appreciation.

- Another factor to consider is efficiency. Obviously, an asset with one roof (assuming 15-unit has one large roof), one location, one insurance etc, is relatively easier and efficient to manage compared to dealing with 5 SFH roofs, different locations etc.

- The most important exercise would also be to figure out exit strategy. In terms of 15-unit apartments, this is could be exit after BRRRR strategy. Which can be accomplished by forced appreciation, provided the market will bear possibility of higher rents. Similarly, SFH exit would be appreciation through higher rents/ improvements resulting in possible appreciation and exit after BRRRR.

- Of course there are other ways to go around it, but based on the information listed, these are my thoughts..

@Keetaek Hong I am not sure which tool can do all of this automatically (I know there are many tools that can do all of this, but not automatically). One way you can get this done is by using automation tools. Example;

1. Set up a free Zapier account.

2. Set up an online resource (redfin) that alerts you whenever a property meeting your criteria is listed.

3. Set up a CRM (or create a simple Google sheet on Gdrive).

4. Connect your online resource (redfin) with Zapier to trigger the listing into your Google sheet. 

5. You can then connect (using Zapier) other online resources with your Google sheets with the newly connected record to run all kind of custom calculations.

Hope that helps..

Quote from @Ronnie Saavedra:

Investment Info:

Condo other investment in Cathedral City.

This is my start up property as a STVR. I purchased this property a couple of years ago for tax purposes and it turned out to be my future retirement. I quickly realized I could make a lucrative business with this model. Currently I am motivated to buy my second property as an investment STVR

 That's great! Share some numbers on the STVR success. What is your question?

@Amanda Rodriguez de Carvalho there are businesses that already offer that service. In fact, many larger employers have in-house service that assists their employees with this. But you will get a better insight by doing some primary research via Google for such service in the area you are interested in...

Quote from @Michael Behr:

The strategy would be buy and hold as a rental. Redfin has it estimated at 148k for the value. Is there another way to determine the value?

 @Michael Behr what this means is you are buying a house that is barely worth $148K for $175K, you are putting $20K down and property is negative cash flow. At these numbers it is not a deal. You could offer him: price $148K, down payment $10K and monthly payments of $900 (this is assuming he has a small mortgage or property is paid off). Anything beyond this is not a deal for you, at least in my opinion...

Quote from @Michael Behr:

Found a property that mentioned owner financing. 152k was the asking price. Market rent is 850-1250 on affordable housing it has 1400

This was there terms for owner financing

Here's the info I got:

The seller said if he owner finances the purchase price will increase to 175,000 and the down payment will be 20,000. It will be a 20 year note and the monthly payment would be around 1500-1600. They came back and said it was negotiable. What is a good offer to put on it if any?

What is your strategy with this deal? What is the value of the property?

Just to clarify - the private lender holds the deed of trust and 1st position promissory note in the property.