All Forum Posts by: Armand Farr

@Jason Hirko and @Ryan Johnson I'm definitely open to places outside the loop. Are there places that still have strong upside potential, cash flow, and aren't in a rough area? 

Top 2 criteria are areas (1) on an upward trajectory and (2) with decent economics.

Hi all, I'm looking at buying a 3/2 buy & hold home in Houston.

Are my criteria below realistic? If so, which areas would you recommend?

Criteria

- Under $225k

- Within the 610 loop (or any other area with up and coming activity)

- Strong rent-to-value (1% rule if possible)

- Not impacted by flooding / no rough areas (B and above)

Thanks Ethan! Would you suggest using this over the CAR agreement / is it that different?

Hi guys - someone mentioned that the standard CAR lease agreement isn't what you should use for San Francisco leases. 

Is there an SF-specific lease agreement that addresses some of the more stringent landlord laws in the area?

Hey Vivian,

We should connect! I focus on investment properties in both LA and SF (I'm a SoCal native and live in Long Beach).

Happy to provide input on some LLC pointers and screening criteria for areas and properties. A few things you might consider:

- Upside: Tech movement into the area, new developments (check out urbanize LA)

- Economics: Average entry price per door, rent to value

- Other Boundaries: Rent control, crime-heavy neighborhoods

Cheers,

Armand

Hi Bri,

I'd love to help here. I focus on buying, managing, and selling investment properties in South Bay and Peninsula. It'd be great to hear more about what you're looking for!

Best,

Armand

Definitely strong ROI if you get a good unit mix going. Furnished rentals work well in studios especially and can net substantially higher rent than a long term lessee (the hotel room effect).

Would target key tech areas to get all the interns and other busy spots near downtown / Santana Row.

Hey Hannah,

I think going into a straight SFR purchase today is a bit risky given the state of prices today. As others mentioned, we're overdue for a correction and prices are ridiculous.

That said, there's opportunity in house hacking still. You may still be able to subsidize your income if you get into a well-priced duplex and add some value.

Happy to connect on this, been looking more into an SF househack myself these days.

Cheers,

Armand

Hi All,

I'm taking on a property management client in Potrero Hill / Dogpatch. Does anyone have recommendations for (1) a handyman and (2) a general contractor?

Cheers,
Armand

Hey Wayne,

DM'd you - I'm actively calling off-market owners, focused on multifamily properties. Would be great to connect and hear what you're looking into.

Cheers,

Armand