All Forum Posts by: Account Closed

Anne,

Feel free to check out this meet up:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Armand,

Did you think about out of state investments?

I think it makes much more sense than CA/Bay Area for many reasons.

Price/rent ratios, tenants friendly laws, and regulations...

Anyway that what I was doing for many years living in Bay Area but investing out of state...

If you want to learn more feel free to check out this meet up:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Myrna,

If you are exploring the multi-family world, in my opinion, you will be better off investing in match bigger

asset than 2-4 units. 

 There are many reasons but just to list few - economy of scale (more scalable, all the expenses will spread over a larger amount of the units), financing you can get a commercial loan with many advantages (assumable, options for supplemental loans ..etc). It is also counter intuitive but in reality, a biger asset is actually easier to manage, maintain ...etc.

If you want to learn more about it feel free to check out this meet up:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Mike,

I'm investing out of state for many years.

I think you also will need a good contractor and good property manager.

I can't help you with Atlanta, but if you will think about TX, let me know and 

can introduce to few very capable professionals...

If you are interested in learning more about out of state investments feel free to check out this meet up:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Hi Mike,

I think you will be better off just buying out of state property/properties with a good cash flow.

It is definitely doable even in this market...

I just think instead of doing big construction project you could buy multiple properties out of state,

and the cash flow much faster than building a property from scratch...

 Also the rules and regulations in Bay Area typically very tenants friendly so even if you have a good cash flow it can be challenging to evict bad tenants, rent control issues ...etc.

If you want to learn more about out of state investments and especially multifamily apartments feel free to check this meetup:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Hi Elaine,

I host a meet up on this subject out of state investments.

if you are interested feel free to check it out:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Jain,

It will be hard to find cash flowing properties in the Bay Area.

My rule of thumb to get a cash flow you rent need to be at least 1% of the purchase price.

Meaning if you are buying $150000 property rent need to be $1500 monthly to be 

constantly cash flow positive.

This rent to price ratio is unachievable in the bay area.

If you are looking for the cash flow I would recommend to concentrate on out of state investments.

If you want to learn more feel free to check this meetup:

 meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Hi Jeongmin,

I think it will be really hard to find property that will make sense 

in the Bay Area.

Did you consider investing out of state?

Feel free to check this meet up (it is all about out of state investments)

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Matt,

There are some other strategies to pay down less beside the FHA loans.

For example, you cab buy property  with hard money loan, typically HM lender will lend you up to

70% of after repairs value (in a good deal below market you will roll rehab costs into 70%), and when you completed repairs refinance it to a conventional loan with FNMA (conventional lender will give you up to 75% of the appraised value...)

Hi Matt,

It is very difficult to find a deal that will make sense in 

the Bay Area.

Did you consider investing out of state?

If you want to learn more about out of state investments feel free to visit this meet up:

meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/