All Forum Posts by: Arthur Yu

Just got in contract to buy an off market 17 unit portfolio in vegas, multiple 4-plexes. 
Looking for referrals for home inspectors and realtors who understand the residential multifamily market. 

This is our first acquisition in Las Vegas, also looking to network with other investors and syndicators. I invest in residential and commercial properties, drop a comment and lets connect! 

Hey Dick, this property im talking about is in Gilbert AZ, where can i check how many unrelated people can be in a rental?
This "PM" im considering is not licensed, what she does is she master leases from me and turns around to lease it for more money to other unrelated renters 

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Hey yall. 

I have a few SFH rentals in phoenix area(east valley) and i house-hacked one of them but i had to move out. I want to rent rest of the house by lease and i have a "property manager" in mind. This property manager isnt a real estate professional, just a person who started a company to rent houses by the room, currently has 10 houses or so.

Any recommendations on rent-by-the-room property managers in general? How do you screen such property managers?

@Ike Patel

Most of the desirable places AZ is reaching breakeven point or even cashflow negative. You are 5 years late if you are looking for 1% rule.

But IRR is still good...

@Dhea Suseno

Hi there. Im a californian myself and moved to az last year, i have 3 sfh’s and closing another one. I focus on east valley, my properties are in tempe and gilbert, in tempe i focus on the rental market. Scottsdale is good for airbnb. mesa is cheaper but less desirable.

Id be happy to walk you thru my investing exp here in phoenix

Thank you Jerome. You are indeed a local as what you said is spot on. This place is half in hayward, half in castro valley, I believe both are unincorporated and not rent-control? When i got the 4% cap rate analysis, i factored in the market rent, not much potential left without spending serious cash... 

Now the only potential left is appreciation, i saw almost 10% increase in hayward in the past 5 years, but the question is will it keep going up a the same rate? 

This post says its not super hot anymore, 4% predicted increase in the next year: https://www.zillow.com/hayward-ca/home-values/

Now my rate of return is only 8% a year with the hassle of maintaining multiple tenants and units

Hi all. I'm a long-time lurker and the real estate books got me onto this forum. 

i'm doing a 20% convention loan on a owner-occupied triplex in hayward(a suburb in san francisco bay area), the cap rate is about 0.04 including the costs to fix the house up front. i'm also including $300/month(please let me know if i am underestimating this) in addition for all the units for repairs etc. 

This is not an area with quick gentrification, nearest BART is 1.5 miles away. So i doubt this will appreciate too much.

Is 4% cap rate in hayward or suburb of bay area worth the hassle of maintaining 2 units worth of tenants? 

Anybody interested, this is the house:

https://www.redfin.com/CA/Hayward/21498-Oak-St-945...

Thank you guys for nicely answer the question! I will start by reading that article!

Do you guys think it would be valuable to get a real estate buyer license in CA? Or is it better to invest in remote properties such as AZ or ohio in the long run?

Hi all! 

Short intro: I live in SF and work in tech. Been interested in real estate for a while, read a few books, one of them led me here. I'm primarily interested in rental properties to generate a passive income flow, such as multiplexes where i live in one and rent help cover the mortgage. 

All the multifamily properties i saw in bay area are nowhere close to the 1-2% rule. they are more like 0.5%. Am i doing something wrong or is it no longer worth it to invest in high cost areas such as bay area?