All Forum Posts by: Ari Archer

@Zach Quick i am not occupying. could easily afford the loan if i could roll repairs into it though. i have very specific estimates of what the work is.

@Thomas S. The health standards part is easy (<$10k). Beyond that all of the maintenance is for the entire property, not any of the units specifically. 

Hi–

I'm looking at buying a 4plex in Solano County (outer Bay Area, CA) for ~$350k. The price has dropped once already primarily due to some pretty substantial deferred maintenance that the seller doesn't want to deal with (new roof, retaining wall, some dry rot).

Looking at COCROI/Cap Rate and other numbers, the place looks to cash flow handsomely already – around 1k/mo with existing tenants at existing rates. My question is about how to approach the deferred maintenance. Should I do as much of it as I can a.s.a.p., or should I patiently use income to pay for repairs? There are minimal health & safety concerns at this point (which I can deal with quickly) but I'm trying to strategize the best approach to rehabbing this property.

Thanks!

Hi–

I'm an investor from the Oakland area looking at buy/holds in Sacramento. There's a property I'm currently interested in. I'd like to plan a trip up to Sacramento to look at this property and other potential SFRs and duplexes. I'm looking for an agent who has experience with buy and hold investing and can show me a few potential properties in the coming weekends. If the numbers work and the place is in decent shape, I'm ready pre-approved and ready to go.

Please DM me if you know a great agent in the area. Thanks!

@Ryan Hopkins sounds like quite the team!

i sent her a message on BP – hope to hear back soon.

thanks @Ryan Hopkins. any relation?

hi there–

i've spoken to a few agents with limited investment experience and haven't really been satisfied up until this point. can anyone recommend an east bay (richmond, el sobrante, hayward, san leandro) real estate agent with investment experience. i'm generally looking at buy-and-hold, single family, investing.

any leads would be greatly appreciated. 

I'm curious what sort of back of napkin calculations people use in the East Bay to get a quick picture of cash flow. It would appear that nothing passes the 2% test. 50% rule seems to be working ok, but I'm curious if anyone uses it around here or if anyone has other quick tests they run. I know every place is different and you need to run full numbers on places you're really interested in. Just looking for a broad/simple first test.

Thanks!

Hi–

I'm in the market for my second property in the East Bay and I'm looking for a mortgage broker. Any recommendations would be appreciated. 

Thanks.

I just started looking for my second property which got me thinking about the role of my home. Is it important to separate your home when thinking about real estate investing? I'm curious if anyone has an approach/philosophy on how to think about your own home relative to investment property.

• Do you think about your home differently in different market conditions?
• Do you separate it out entirely?
• How do you think about selling/renting your existing home when you're ready to move on?

I just started looking for my second property which got me thinking about the role of my home. Is it important to separate your home when thinking about real estate investing? I'm curious if anyone has an approach/philosophy on how to think about your own home relative to investment property. 

• Do you think about your home differently in different market conditions?
• Do you separate it out entirely?
• How do you think about selling/renting your existing home when you're ready to move on?