All Forum Posts by: Bhavik Doshi

@Cassidy Burns 100%! I would definitely price myself out of DC. Most of the quality multi families seems to be 700k+, but I think I can still find a property in a good neighborhood of Baltimore that fits the bill sub 450k

@Russell Brazil gotcha, thanks for the insight! Do you think similar logic applies for a 10% down payment instead of 3.5%? Or would you recommend saving up until I’m closer to 20% down payment, and then pull the trigger to get some positive CF?

@Cassidy Burns this makes perfect sense. Thank you for the confirmation and recommendation! I am definitely looking for cash flow as soon as possible, so maybe I can lower my price range and instead of financing 96.5% I’ll finance 90%

Running some numbers for properties in DC and Baltimore, but hard to find a gem. I'm curious if people have found properties that can cash flow $100+/unit after direct expenses (prop tax, mortgage, homeowners insurance, etc) & indirect expenses (vacancy, capex, prop Mgmt, etc) in this area. Considering how large the mortgage payment will be, it's hard to envision finding a deal that really fits the criteria with FHA. Most of the properties I'm seeing are pretty heavily negative CF.

Primarily looking at 3/4 units to househack year 1, and then rent out all units after.

@Rob Ferdinand unfortunately, NJ is mostly the same way unless you can get a stellar deal in south jersey. The property taxes are just getting too high that the cash flow is hardly worth it. Closer to north jersey and other cities seem to be more appreciation plays as supposed to cash flow plays. Best of luck!

@Whitney Robert Caldwell There is a possibility that many schools and student programs may shift to an online/hybrid curriculum, so I would keep an eye out for this as a possibility turning to lower tenant candidates. If you are analyzing the deal conservatively and getting the deal on a discount (cause of the pandemic), go for it!